We were just about to sign contracts for a property in Par. We have hit a snag. Our loan offer with expires on but the sellers are putting forward a completion date of . Can one extend the loan expiry date?

The person best placed to deal with your issue is your lawyer who will hopefully determine whether he or she is should be discussing with the mortgage broker, owner’s representatives, property agents or indeed all three based on what has happend in your transaction to date.

I own a freehold property in Par yet pay rent, why is this and what is this?

It is rare for properties in Par and has limited impact for conveyancing in Par 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 extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.

The estate agent has sent us the confirmation of our purchase of a new build flat in Par. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Par

There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please confirm the Lease plans are surveyor prepared. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?

I am one month into a leasehold purchase having been referred to a firm by the estate agent to execute conveyancing in Par. We are not happy. Can you you assist me in finding new lawyers?

A conveyancer would have to be really poor in order to consider changing them. Has the mortgage offer been issued? If so you must advise them of the new solicitor and ensure the loan are re-issued. Your solicitor ideally needs to be on the lenders panel to avoid escalating expenses and complications. That should be your starting point. Our search tool can help you find a lender approved solicitor for your home move in Par

Leasehold Conveyancing in Par - Sample of Queries before Purchasing

Does the lease have onerous restrictions? How much is the service charge and ground rent on the property? How many of the leaseholders are in arrears for their service charge payments?