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

It is rare for properties in Sprotbrough and has limited impact for conveyancing in Sprotbrough 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 establishment of fresh rentcharges from 1977 onwards.

Old 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.

Due to the input of my in-laws I had a survey completed on a property in Sprotbrough before appointing conveyancers. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some mortgage companies may not grant a loan on such a home.

It depends who your proposed lender is. Santander has different instructions from Birmingham Midshires. If you call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Sprotbrough. Conveyancing will be smoother if you use a solicitor in Sprotbrough especially if they are familiar with such properties in Sprotbrough.

I am downsizing from my property. My former solicitors closed down. I would be grateful for any recommendation of a conveyancing firm. Im based in Sprotbrough if that makes a difference.

You should use our search tool to help you find a solicitor for your conveyancing in Sprotbrough. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.

My husband and I are novice buyers - had an offer accepted, but the selling agent told us that the vendor will only move forward if we appoint their preferred conveyancers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a family conveyancer with experience of conveyancing in Sprotbrough

It is unlikely the vendors are behind this. If they want ‘a quick sale', alienating a genuine buyer is going to damage their objectives. Try to communicate with the sellers directly and make sure they comprehend that (a)you are keen to buy (b)you are ready to go, with finances in place © you are chain free (d) you intend to proceed fast (e)but you will continue to use your preferred Sprotbrough conveyancing lawyers - not the ones that will give the estate agent a referral fee or hit his conveyancing thresholds set by senior management.

Why am I unable to complete our conveyancing in Sprotbrough on a public holiday?

Because on completion the money needs to be transferred electronically between the banks of the buyer and seller's conveyancing practitioner and currently this can only happen on a working day. So you can't complete on a weekend either.