I purchased a freehold premises in Morden but still invoiced for rent, why is this and what is this?

It’s unusual for properties in Morden and has limited impact for conveyancing in Morden 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 generation of fresh rentcharges post 1977.

Previous rentcharges can now be redeemed 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 hope to to buy with . We have called around locally yet am unable to find a Morden conveyancing firm on the approved list. Please you help?

You should make the most of the search tool on this site. Please choose the lender and type Morden or your location and you will discover numerous solicitors located in Morden or nearest you.

I note that there are debates on Chancel Insurance on online forums. Am I compelled to have this when purchasing a property in Morden? or Apparently there is a law dating back centuries that means some house owners living in a parish church boundary will be compelled to pay for maintenance towards the chancel in proximity to the church. Is this relevant for conveyancing in Morden?

Unless a previous purchase of the property took place after 12 October 2013 you could take it that solicitors carrying out conveyancing in Morden to continue to suggest a chancel search and or insurance against a claim.

Leasehold Conveyancing in Morden - Sample of Queries Prior to buying

The best form of lease structure is a share of the freehold. In this situation the lessees benefit from control and even though a managing agent is often retained if the building is bigger than a house conversion, the managing agent is directed by the tenants. Generally speaking the outlay for major works tend not to be built into the service charges, albeit that there some managing agents in Morden obliged leaseholders to pay into a sinking fund created for the specific purpose of building a fund for major repairs or maintenance. How much is the ground rent and service charge?

My wife and I have recently appointed a conveyancing solicitor in Morden. I I would like to check if they are on the lender's conveyancing panel. Could you advise?

It’s a good idea call the lawyer to check if they are on the bank's panel. If that does not help call us and we can investigate and revert. Should the firm not be on the conveyancing panel we we can help find a specialist conveyancing solicitor in Morden on the panel for your lender.