I purchased a freehold premises in Cottesmore but nevertheless pay rent, why is this and what is this?

It’s unusual for properties in Cottesmore and has limited impact for conveyancing in Cottesmore 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 creation 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 extinguished.

What is the best way to find out if the solicitor handling my conveyancing in Cottesmore is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Skipton Building Society thus spending £192.00 in supplemental conveyancing invoice.

You should make use of the search tool on this site. Please choose the mortgage company and type ‘Cottesmore’ or your location and you will be presented with a number of lawyer based in Cottesmore or near you.

Do I select a Licenced Conveyancer or Solicitor for conveyancing in Cottesmore?

There are many registered licenced Conveyancers in Cottesmore and Solicitor partnerships in Cottesmore who can help with your conveyancing It is important to make clear that both are regulated professionals specialising in the legal aspects of transferring property. They may both also deal with associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.

Last month we had a mortgage agreed in principle with Nationwide. Cottesmore conveyancing practitioners were chosen. How long does it take for Nationwide to forward the offer to the conveyancing practitioner?

There is no definitive answer here. Have Nationwide completed the survey? Have you advised Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.

Completion of my purchase has taken place for my property in Cottesmore. Conveyancing was satisfactory but I would like to complain about the lender. How do I make a complaint?

Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Team at head office. Ordinarily complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.

I have been told that property searches are the primary cause of hinderance in Cottesmore house deals. Is this right?

The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of delays during the legal transfer of property. Searches are not likely to feature in any delay in conveyancing in Cottesmore.

About to purchase a new build flat in Cottesmore. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Cottesmore

Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan. Forfeiture - bankruptcy or liquidation must not apply under this provision.