I am the registered owner of a freehold residence in Yeading yet charged rent, why is this and what is this?

It’s unusual for properties in Yeading and has limited impact for conveyancing in Yeading 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 many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.

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 dispensed with completely.

Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Yeading. My lender is Chelsea Building Society

Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 19/4/2024, the requirements read as follows :

I can see plenty of information on this site regarding conveyancing in Yeading but what is your top tip for selecting the right conveyancer in Yeading

Do not opt for the lowest Yeading conveyancing fees. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.

We previously instructed conveyancers locally in Yeading on the UBS solicitor approved list. They are now charging me a separate fee for handling the UBS mortgage. Is this an additional conveyancing fee set by UBS?

Provided it is contained in their Terms of Engagement or Quote then yes your solicitor is entitled to charge a fee for this. The charge is not dictated by UBS but by your Yeading conveyancer. Some firms on the UBS panel will levy an ‘acting for lender’ fee and others do not.

My wife and I have organised the release of further monies on our home loan from Coventry BS as we intend to conduct alterations to our house in Yeading. Are we obliged to select a local Yeading solicitor on the Coventry BS conveyancing panel to deal with the legals?

Coventry BS do not ordinarily require a member of their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Coventry BS panel.

I am looking for a flat up to £235,500 and found one close by in Yeading I like with amenity areas and station in the vicinity, the downside is that it only has 52 years unexpired on the lease. I can't really find anything else in Yeading suitable, so just wondered if I would be making a mistake buying a short lease?

If you require a home loan the remaining unexpired lease term may be an issue. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this.

For various reasons I cannot be present at my Yeading conveyancing practitioners office to execute documents for conveyancing in Yeading – is this a problem?

You need not be concerned. Yeading conveyancing solicitors can conduct home moves for clients throughout the rest of the country. You are unlikely to be required to visit a Yeading conveyancers office. Almost all property lawyer can deal with everything through post, email, telephone and fax.