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

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

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

I had intended to instruct a property lawyer in Bala for our house purchase. Our financial adviser has since advised us that our bank Barnsley Building Society won't deal with them. Surely this is unduly restrictive?

A lender may require an approved solicitor act for it. You would be liable to bear the charges for this. Please make use of our search facility to find a solicitor to carry conveyancing in Bala on the Barnsley Building Society member panel.

I used Action Conveyancing several years past for my conveyancing in Bala. Now, I need my documents however the law firm is no longer operating. What do I do?

You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Bala of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

How does conveyancing in Bala differ for new build properties?

Most buyers of new build property in Bala approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is ready to move into. This is because builders in Bala typically purchase the site, 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 Bala or who has acted in the same development.

What makes your site different to alternative online quote calculators when it comes to conveyancing in Bala?

At this site secure an accurate costs illustration via a Solicitor or Licensed Conveyancer that appreciates the nuances for your conveyancing in Bala. As opposed to estate agents and brokerage sites we do not charge firms a fee if you choose them for your conveyancing in Bala