I own a freehold house in Bedmond yet invoiced for rent, why is this and what is this?

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

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

I am planning to move home in January. Will my conveyancing solicitor update the removal company on the completion day. Incidentally, can you put forward a removal company in Bedmond. Conveyancing lawyer was found prior to coming across your website.

On the day of completion you will need to collect the house keys from your estate agent but this can only happen when the sellers lawyers inform the agent that the monies to complete are in and the keys can be handed over. After that you should advise the removal company that they can start moving you in. We do not recommend a specific removal company but can help you find a conveyancing in Bedmond or a firm with expertise in conveyancing in Bedmond.

I am the single beneficiary of my late father’s will and I have everything in my name alone, including the my former home in Bedmond. The Bedmond property was put into my name in October. I plan to dispose of the property. I do know about the CML six month 'rule', which means that my proprietorship could be regarded the same way as though I had purchased the property in October. Is the property unsalable for six months?

The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be impacted by that. How sensible a view banks take of it, depend on the mortgage company as this requirement primarily exists to capture subsales or the quick reselling of property.

Is it the case that all Bedmond conveyancing solicitors on the Kent Reliance conveyancing panel are governed by the SRA?

As a firm of solicitors, in order to be on the Kent Reliance conveyancing panel they would need to be regulated by the SRA. Many banks do list licenced conveyancers on their panel and in that case the practice would be regulated by the CLC.

It has been 4 months since my purchase conveyancing in Bedmond completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

Is it simple use the search facility to select a conveyancing solicitor in Bedmond on the approved list for my bank?

Step one is to choose a bank such as Halifax, Chelsea Building Society or Barclays Direct then choose your preferred area for example Bedmond. Conveyancing practices in Bedmond and across England and Wales will then be shown.

I am employed by a long established estate agency in Bedmond where we see a few leasehold sales put at risk as a result of leases having less than 80 years remaining. I have received contradictory information from local Bedmond conveyancing solicitors. Please can you shed some light as to whether the vendor of a flat can start the lease extension process for the purchaser on completion of the sale?

Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the sale.

Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

Bedmond Leasehold Conveyancing - Sample of Queries before Purchasing

What is the name of the managing agents? The best form of lease arrangement is if the freehold interest is owned by the leaseholders. In this arrangement the leaseholders benefit from being in charge if their destiny and although a managing agent is often employed where the building is larger than a house conversion, the managing agent is directed by the tenants. Is the freehold owned jointly by the leaseholders?