I purchased a freehold house in Tickton but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Tickton and has limited impact for conveyancing in Tickton 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 new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
My colleague suggested that if I am purchasing in Tickton I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally quoted for as part of the standard Tickton conveyancing searches. It is not a small report of about 40 pages, listing and setting out significant information about Tickton around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Tickton Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful information regarding Tickton.
My wife and I purchased a terraced Victorian house in Tickton. Conveyancing practitioner represented me and Bank of Ireland. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold with the exact same address. I thought I was buying a freehold how can I check?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Tickton and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with your conveyancing lawyer who conducted the work.
How does conveyancing in Tickton differ for newly converted properties?
Most buyers of new build residence in Tickton come to us having been asked by the developer to exchange contracts and commit to the purchase even before the house is completed. This is because builders in Tickton usually purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Tickton or who has acted in the same development.
Is it best to use a Tickton conveyancing lawyer who is local to the property I am hoping to buy? An old friend can deal with the legal work however his firm is located 200miles away.
The primary upside of using a high street Tickton conveyancing firm is that you can drop in to execute paperwork, hand in your ID and apply pressure on them if necessary. Having local Tickton know how is a plus. However it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and the majority were content that must trump using an unknown Tickton conveyancing solicitor just because they are based in the area.