I own a freehold residence in Acklam but still pay rent, why is this and what is this?

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

Previous 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 extinguished.

I require quick conveyancing in Acklam as I am faced with an ultimatum to complete in less than 2 weeks. A mortgage is not required. Can I avoid the conveyancing searches to save money and time?

If.Given you are are a mortgage free purchaser you are at free not to do searches although no law firm would suggest that you don't. Drawing on our experience of conveyancing in Acklam the following are examples of issues that can show up and therefore impact the marketability of the property: Enforcement Notices, Overdue Charges, Overdue Grants, Road Schemes,...

Have purchased a a terraced house in Acklam , What is the estimated time for the Land Registry to record my proprietorship? My Acklam conveyancing solicitor works at snail pace, so I want to be certain the post completion formalities are addressed.

There is nothing unique when it comes to conveyancing in Acklam registration formalities. As opposed to being determined by geographic area, timescales can differ depending on who lodges the application, whether there are errors and if the Land registry communicate with any interested persons or bodies. Currently approximately three quarters of such applications are fully addressed within two weeks but occasionally there can be extensive hold-ups. Registration occurs after the new owner has moved in to the property therefore 'speed' is not typically an essential issue but if there is a degree of urgency associated with the registration then you or your conveyancer could contact the land registry and explain the circumstances.

Due to the advice of my in-laws I had a survey completed on a house in Acklam before retaining lawyers. I have been informed that there is a flying freehold aspect to the house. My surveyor advised that some mortgage companies tend not grant a loan on this type of premises.

It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. If you contact us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Acklam. Conveyancing may be slightly more expensive based on your lender's requirements.

I need to retain a conveyancing solicitor for my conveyancing in Acklam. I've land on a site which appears to be the perfect answer If it is possible to get all the legals done via phone that would be ideal. Do I need to be concerned? What should out be looking out for?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?