I am the registered owner of a freehold residence in Duxford but still pay rent, why is this and what is this?

It is rare for properties in Duxford and has limited impact for conveyancing in Duxford 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 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 post 2037 is to be extinguished.

Have purchased a a semi-detached house in Duxford , What is the estimated time for the Land Registry to deal with the formalities evidencing my ownership? My Duxford conveyancing solicitor has been very slow, so I want to check that my name is registered.

As far as conveyancing in Duxford is concerned, registration is no faster or slower than the rest of England and Wales. Rather than based on location, timeframes can vary depending on who lodges the application, whether there are errors and if the Land registry must send notices to any interested persons or bodies. Currently approximately three quarters of such applications are fully addressed within two weeks but some can be subject to longer hold-ups. Registration occurs after the new owner has moved in to the property therefore 'speed' is not always an essential issue but where it is urgent that the the registration takes place urgently then you or your lawyers should communicate with the Registry to express the reasoning for the application to be prioritised.

Just had an offer accepted on a new build apartment in Duxford. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Here is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Duxford

The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please provide evidence that the form of Lease proposed has been approved by the Land Registry.

Due to the input of my in-laws I had a survey completed on a house in Duxford ahead of appointing conveyancers. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies tend not give a loan on a flying freehold house.

It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. If you call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Duxford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Duxford to see if the conveyancing will be more expensive.

What should I expect to pay for conveyancing in Duxford?

Almost all Duxford conveyancing solicitors will charge a set fee. Where additional work arise during the conveyancing your solicitor must advise you in writing of such supplemental charges for such work immediately it becomes apparent. Some work on a no sale no fee basis, others will charge a proportion of the set costs, calculated based on the point at which the conveyancing fails.

It is advisable to seek a few firms to give you a quotation.