I am the registered owner of a freehold premises in Tooting Bec but nevertheless invoiced for rent, why is this and what is this?

It’s unusual for properties in Tooting Bec and has limited impact for conveyancing in Tooting Bec 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 creation of fresh rentcharges post 1977.

Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.

Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a straight forward, chain free conveyancing. Tooting Bec is the location of the property. Can you offer any assistance?

Flying freeholds in Tooting Bec are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Tooting Bec you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Tooting Bec may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

What does commercial conveyancing in Tooting Bec cover?

Non domestic conveyancing in Tooting Bec incorporates a broad range of advice, provided by regulated solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.

I am 17 days into a freehold purchase having been recommend to a firm by the local agent to do our conveyancing in Tooting Bec. I am am extremely frustrated with the quality of service. Could you help me find new conveyancers?

They would have to be really bad in order to consider changing them. Has the mortgage offer been issued? If so you need to advise them of the replacement conveyancer and ensure the offer are re-sent. Your new solicitor ideally should be on the banks approved list to avoid added expenses and frustration. So that should be your starting point. Our find a solicitor tool can help you find a lender approved lawyer for your home move in Tooting Bec

Me and my wife are soon to complete buying a house in Tooting Bec but as a result of damage from the recent storms I have negotiated compensation from the seller of five thousand pounds taking the form of a deduction in the price. I had intended this to be dealt with as part of the conveyancing process yet the mortgage company will not agree to this. Should they have been informed?

Your being on a mortgage company conveyancing panel is obliged to inform the lender of any variations to the purchase figure. If you did not allow your to notify the reduction to your bank then they would have to discontinue acting for you and the mortgage company.