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Find a Poundbury Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Poundbury? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Poundbury transaction at risk of delay or failure.

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Recently asked questions about conveyancing in Poundbury

I purchased a freehold premises in Poundbury but still pay rent, why is this and what is this?

It is rare for properties in Poundbury and has limited impact for conveyancing in Poundbury 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 hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh 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 is to be dispensed with completely.

Me and my partner are buying a apartment in Poundbury. I might seem paranoid but how we can trust a conveyancer? On the day of competition we will need to deposit 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.

I am the single recipient of my late mum's estate with all property in now in my sole name, including the my former home in Poundbury. The Poundbury property was put into my name in April. I now wish to sell up. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my property ownership could be regarded the same way as if I'd bought the property in April. Will no one buy the property for half a year?

The Council of Mortgage Lenders’ handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be impacted by that. How practical a view mortgage companies take of it, depend on the lender as this obligation chiefly exists to capture the purchase and immediately sell or the quick reselling of property.

We were going to get a OIP from Co-operative this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Co-operative recommend any Poundbury solicitors on the Co-operative conveyancing panel, or is it better to find our own lawyer?

You will need to appoint Poundbury solicitors independently although you'll need to choose one on the Co-operative conveyancing panel. The solicitor represents both you and Co-operative through the process.

I have been on the look out for a flat up to £195,000 and identified one near me in Poundbury I like with a park and railway links nearby, the downside is that it only has 52 years unexpired on the lease. There is not much else in Poundbury suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?

Should you need a mortgage the shortness of the lease may be an issue. Discount the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.

My brother has recommend that I use his conveyancing solicitors in Poundbury. Do I follow his advice?

There are no two ways about it the ideal way to choose a conveyancing lawyer is to seek referrals from friends or relatives who have experience in using the solicitor that you are considering.

A licensed conveyancer dealt with my conveyancing in Poundbury 5 years past and was holding my registration documents but has now closed – What steps do I now take to retreive these?

Deeds, as such, no longer exist as the majority of homes in Poundbury are registered electronically at Land Registry. Should you need to show evidence of proprietorship or are disposing of or re-mortgaging your property lawyer should obtain up to date copies of the register from the Land Registry in any case.

If you feel there may be other documents or you have any other queries please e-mail your request with details of the transaction and documents you need to filerequest@clc-uk.org. The CLC will let you know what information they have and any additional information they may need before they are in a position to identify and send the documents to you. Following an intervention it may take some time for the CLC to access archived files and documents, but your request will be actioned with reasonable haste.

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Neighbouring Locations

Blandford Forum
Poundbury
Dorset
Dorchester
Portland
Weymouth

Find out more about how flying freehold can affect your the value of a property.