I am the registered owner of a freehold premises in Buckden yet invoiced for rent, why is this and what is this?

It’s unusual for properties in Buckden and has limited impact for conveyancing in Buckden 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 creation of fresh 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 in 2037 is to be dispensed with completely.

I need some quick conveyancing in Buckden as I am faced with pressure to complete in less than 4 weeks. A home loan is not required. Can I decline from having conveyancing searches to save fees and time?

As you are are a cash buyer you are at liberty not to do searches although no lawyer would advise that you don't. With lots of history conveyancing in Buckden the following are instances of issues that can show up and therefore impact future saleability: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Road Schemes,...

How easy is it to use your search tool to find a conveyancing solicitor in Buckden on the panel for my bank?

First pick a mortgage company such as Yorkshire Building Society, Coventry Building Society or Godiva Mortgages Ltd then specify your location for instance Buckden. Conveyancing organisations in Buckden and further afield will then be shown.

What are your top tips when it comes to choosing a Buckden conveyancing practice to carry out our lease extension conveyancing?

If you are instructing a conveyancer for lease extension works (regardless if they are a Buckden conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We advise that you talk with several firms including non Buckden conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be of use:

What are the charges for lease extension work? Can they put you in touch with clients in Buckden who can give a testimonial?

Buckden Conveyancing for Leasehold Flats - A selection of Questions you should consider before buying

Generally speaking the cost for major works are not included within maintenance charges, albeit that there some managing agents in Buckden require leasehold owners to contribute towards a sinking fund created for the specific purpose of establishing a fund for major repairs or maintenance. How much is the ground rent and service charge? How many of the leaseholders are in arrears for their maintenance charge payments?

How up-to-date is your search tool for the lender conveyancing panel in Buckden? Do the banks send you an updated list?

Buckden firms and firms conducting conveyancing in Buckden themselves provide us confirmation that they are on the bank conveyancing panel as opposed to being supplied with a list from the bank directly.