I purchased a freehold house in Bournemouth yet charged rent, why is this and what is this?

It is rare for properties in Bournemouth and has limited impact for conveyancing in Bournemouth 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 creation of new 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 require fast conveyancing in Bournemouth as I have pressure to sign on the dotted line in less than 2 weeks. A mortgage is not required. Is it possible to escape the need for conveyancing searches to save money and time?

If.Given you are are a mortgage free buyer you have the choice not to have searches conducted although no law firm would advise that you don't. With plenty of history conveyancing in Bournemouth the following are examples of what can arise and adversely impact future saleability: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Railway Schemes,...

How does conveyancing in Bournemouth differ for new build properties?

Most buyers of new build or newly converted property in Bournemouth come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is built. This is because house builders in Bournemouth tend to acquire the real estate, 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 property lawyers 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 Bournemouth or who has acted in the same development.

I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a quick, chain free conveyancing. Bournemouth is the location of the property. Can you shed any light on this issue?

Flying freeholds in Bournemouth are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bournemouth you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bournemouth may ascertain 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 premises.

As co-executor for the will of my grandfather I am selling a residence in Neath but reside in Bournemouth. My solicitor (approximately 260 kilometers awayrequires that I execute a statutory declaration before the transaction finalising. Can you recommend a conveyancing solicitor in Bournemouth who can attest this legal document for me?

strictly speaking you should not need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will be fine regardless of whether they are located in Bournemouth