I am the registered owner of a freehold property in Bestwood but nevertheless charged rent, why is this and what is this?

It’s unusual for properties in Bestwood and has limited impact for conveyancing in Bestwood 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.

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

I require expedited conveyancing in Bestwood as I am under a deadline to sign on the dotted line in less than 4 weeks. A home loan is not required. Can I avoid the conveyancing searches to save money and time?

If.Given you are not obtaining a mortgage you have the choice not to do searches although no solicitor would recommend that you don't. Drawing on our experience of conveyancing in Bestwood the following are examples of issues that can crop up and adversely affect market value: Refused Planning Applications, Overdue Fees, Overdue Grants, Road Schemes,...

I used Wolstenholmes several years ago for my conveyancing in Bestwood. I now require my papers however cannot find the solicitor. What do I do?

Do call 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 Bestwood of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

I've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a straight forward, chain free conveyancing. Bestwood is the location of the property. Can you shed any light on this issue?

Flying freeholds in Bestwood are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bestwood you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bestwood may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

Should local authority consent be necessary to change a house into multiple flats in Bestwood? This has been carried out to a property opposite to a friend in Bestwood and was unaware of it happening until after the works were complete.

Planning Permission yes. Building Reg Approval yes.