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

It is rare for properties in Scarborough and has limited impact for conveyancing in Scarborough 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 have existed for many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.

Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.

We are expecting a mortgage offer soon. The bank mentioned the loan came with free conveyancing. Does this mean I have to use their panel lawyer as I would much rather use a Scarborough based conveyancing firm?

You should check but the the likelihood is that allocate you one of their panel lawyers if you want the "fee-free" deal. Contact the bank to check if they make available a monetary alternative. In the past a few lenders offered a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor in Scarborough.

I require fast conveyancing in Scarborough as I am faced with a deadline to exchange contracts within one month. A home loan is not required. Can I avoid the conveyancing searches to save money and time?

If.Given you are are a mortgage free buyer you have the choice not to do searches although no lawyer would recommend that you don't. Drawing on our experience of conveyancing in Scarborough the following are instances of issues that can show up and adversely impact the marketability of the property: Enforcement Notices, Outstanding Fees, Outstanding Grants, Road Schemes,...

Just had an offer accepted on a new build apartment in Scarborough. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Scarborough

Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.

I need to find a conveyancing solicitor for leasehold conveyancing in Scarborough. I have discover a site which appears to be the ideal solution If it is possible to get all the legals completed via phone that would be ideal. Should I be concerned? What should out be looking out for?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?