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

It is rare for properties in Woolacombe and has limited impact for conveyancing in Woolacombe 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 generation of fresh rentcharges post 1977.

Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.

Are the BSA planning on creating a search tool with a view to list solicitors on the conveyancing panel for instance in Woolacombe?

We are not aware of any plans on the part of the BSA to promote such a tool.

How does conveyancing in Woolacombe differ for newly converted properties?

Most buyers of new build or newly converted property in Woolacombe approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is completed. This is because new home sellers in Woolacombe typically acquire 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 conveyancers 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 accustomed to new build conveyancing in Woolacombe or who has acted in the same development.

I'm remortgaging my current property to a buy to let mortgage with and I will use the ballance of the raised equity as a down payment on a second property. The location we are talking about is Woolacombe. Will your lawyers be able to act for both sets of banks and link together the conveyances?

Make use of our comparison tool on this page to ensure that the conveyancers are approved by both banks. Assuming that they are your solicitor will be able to simultaneously deal with the two conveyancing matters but you should talk with you conveyancer and specify your desired outcome and requirements.

I am using a search engine for the words conveyancing in Woolacombe it brings up many conveyancerslocally. How do I determine which is the suitable conveyancing solicitor for my move?

The preferential method of seeking the right conveyancer is through a personal testimonial, so ask friends and those you trust who have acquired a property in Woolacombe or a local estate agent or financial adviser. Fees for conveyancing in Woolacombe vary, so it's advisable to secure a minimum of three estimates from varying types of conveyancers. Dont forget to clarify that the charges are assured not to to be inflated.