Would the conveyancing practitioners to be found on your site handle auction conveyancing in Ingatestone?

We know of a few niche lawyers we can connect you with those conducting auction conveyancing. Ingatestone is just one of the many locations where our lawyers cover.

I own a freehold property in Ingatestone but still pay rent, why is this and what is this?

It’s unusual for properties in Ingatestone and has limited impact for conveyancing in Ingatestone but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.

Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.

We are planning to purchase with Earl Shilton BS. I went into a couple of high street companies yet am unable to find a Ingatestone conveyancing firm on the Earl Shilton BS panel. Please you assist?

You should take advantage of the find a conveyancing panel solicitor tool on this web page. Pick the building society and type Ingatestone or your location and you will be presented with numerous solicitors based in Ingatestone or nearest you.

I've recently found out that there is a flying freehold element on a house I have offered on last month in what was supposed to be a straight forward, no chain conveyancing. Ingatestone is where the house is located. What do you suggest?

Flying freeholds in Ingatestone are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Ingatestone you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ingatestone may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

Are there common defects that you see in leases for Ingatestone properties?

Leasehold conveyancing in Ingatestone is not unique. All leases are drafted differently and legal mistakes in the legal wording can result in certain clauses are not included. The following missing provisions could result in a defective lease:

Insurance obligations Maintenance charge proportions which don’t add up to the correct percentage

You could encounter difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Barclays , Skipton Building Society, and Godiva Mortgages Ltd all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to provide security, forcing the buyer to withdraw.

Leasehold Conveyancing in Ingatestone - Examples of Questions you should ask before Purchasing

Who are the managing agents? How many of the leaseholders are in arrears for their maintenance charge payments? The prefered form of lease arrangement is a share of the freehold. In this situation the lessees benefit from being in charge if their destiny and even though a managing agent is usually employed if the building is larger than a house conversion, the managing agent employed by the leaseholders.