I purchased a freehold property in Caergwrle yet charged rent, why is this and what is this?

It is rare for properties in Caergwrle and has limited impact for conveyancing in Caergwrle 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 hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.

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

What will a local search tell me concerning the property we're buying in Caergwrle?

Caergwrle conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search organisations for example Xpress Legal The local search plays an important part in many a Caergwrle conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your new home. The search should supply data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.

Are there restrictive covenants that are commonly picked up during conveyancing in Caergwrle?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Caergwrle. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I am purchasing my first flat in Caergwrle with a mortgage from Alliance & Leicester . The sellers would not budge the amount so I negotiated £7000 of extras instead. The sale representative suggested that I not to tell my conveyancer about this side-deal as it will adversely affect my mortgage with the lender. Is this normal?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I'm converting the mortgage on my primary house to a buy to let mortgage with National Westminster Bank and intend to use the remaining equity as a down payment on further property. The area we are talking about is Caergwrle. Will your conveyancers be able to act for both sets of lenders and tie in the conveyances?

Do use our search tool on this page to check that the conveyancers are on the appropriate lender panels. On the basis that they are your solicitor will be able to tie up the two transactions but you should have a chat with you conveyancer and make apparent your expectations and needs.