I am the registered owner of a freehold residence in Ollerton yet invoiced for rent, why is this and what is this?

It is rare for properties in Ollerton and has limited impact for conveyancing in Ollerton 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 redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.

We are buying a house in Ollerton. It might be a silly question but how we can trust a solicitor? At some point we have to put our life savings into their account. What is the protection we have from them run away with our deposit?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

The mortgage over my property is with UBS for my property in Ollerton. Conveyancing was finalised a year ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform UBS?

UBS must be informed of your intention prior to letting out your property as this is likely to be a breach of UBS’s mortgage conditions. It may be that UBS will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact UBS directly. It should not be necessary to do this via a UBS conveyancing panel firm.

Planning on purchasing a flat in Ollerton. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Clydesdale conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Ollerton solicitor is on the Clydesdale conveyancing panel.

Are there restrictive covenants that are commonly picked up as part of conveyancing in Ollerton?

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Ollerton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

My husband and I are new on the property ladder - had an offer accepted, yet the agent told us that the seller will only proceed if we use the agent's recommended solicitors as they want an ‘expedited deal’. We would rather use a high street solicitor used to conveyancing in Ollerton

It is unlikely the sellers are driving this. If they require ‘a quick sale', taking such a hostile approach to a genuine buyer is counter productive. Avoid the agents and go straight to the owners and explain that (a)you are serious purchasers (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)however you intend to instruct your preferred Ollerton conveyancing lawyers - not the ones that will earn the negotiator at the agency a kickback or meet his conveyancing figures pre-set by head office.

I am on look out for some leasehold conveyancing in Ollerton. Before I set the wheels in motion I require certainty as to the remaining lease term.

If the lease is registered - and almost all are in Ollerton - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

Ollerton Conveyancing for Leasehold Flats - Examples of Queries before Purchasing

Is the freehold owned collectively by the leaseholders? It is important to be aware if changing the roof or some other major work is coming up to be shared between the leasehold owners and will dramatically increase the the service charges or necessitate a one time invoice. You should be aware if it is no more than 80 years it will affect the salability of the apartment. It is worth checking with your mortgage company that they are willing to to proceed given the lease term. A short lease means that you will almost definitely have to extend the lease sooner rather than later and it is worth finding out how much this will be. For most Ollertonlease extensions you will be required to have been the owner of the property for two years in order to be legally able to extend the lease.