I purchased a freehold premises in Wincanton but nevertheless invoiced for rent, why is this and what is this?

It’s unusual for properties in Wincanton and has limited impact for conveyancing in Wincanton 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 new rentcharges from 1977 onwards.

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

We're in Wincanton, First time buyers buying with a mortgage (lender is Aldermore , and our lawyer is on the Aldermore conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Aldermore conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

I am looking to sell my house. My past lawyers closed down. I am in need of a recommendation of a conveyancing firm. Im based in Wincanton if that makes things easier.

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

We're first time buyers - had an offer accepted, but the selling agent has warned us that the seller will only go ahead if we appoint the agent's preferred solicitors as they need a ‘quick sale’. My instinct tells me that we should use a local solicitor accustomed to conveyancing in Wincanton

We suspect that the seller is not behind this ultimatum. Should the seller desire ‘a quick sale', alienating a motivated purchaser is likely to cause more damage than good. Contact the sellers directly and explain that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you are unencumbered (d) you wish to move quickly (e)but you are going to instruct your preferred Wincanton conveyancing solicitors - as opposed tothe ones that will give their estate agent a referral fee or achieve conveyancing figures pre-set by head office.

How and when do I cover the costs of the Stamp Duty Land Tax chargeable for my Wincanton property purchase?

Your solicitor will fill out a stamp duty return on your behalf as part of your Wincanton conveyancing transaction for you to sign. After completion your property lawyer will submit the Land Transaction application to the Tax Authorities and - assuming they have the money - pay any Stamp Duty payable on your behalf.