I own a freehold residence in Earls Barton yet pay rent, why is this and what is this?

It is rare for properties in Earls Barton and has limited impact for conveyancing in Earls Barton 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 new rentcharges from 1977 onwards.

Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.

I am selling my flat in Earls Barton. Will the conveyancer need to be on the Lloyds conveyancing panel in order to deal with paying off my mortgage?

Ordinarily, even if your lawyer is not on the Lloyds conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently in recent years.

My relative recommended that where I am purchasing in Earls Barton I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?

A search of this type is usually included in the estimate for your Earls Barton conveyancing searches. It is not a small report of about 40 pages, listing and detailing significant information about Earls Barton around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful data concerning Earls Barton.

I am looking into buying my first house which is in Earls Barton and I am already nervous. I couldn't find anything specific about Earls Barton. Conveyancing will be needed in due course but do you know about the Earls Barton area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Earls Barton. In the meantime here are some basic statistics that we found

I have been informed by various friends to expect 6-8 weeks for Earls Barton conveyancing to complete.This was a month ago. The paperwork was only received to my solicitor yesterday so now does it countdown?

You should take with a grain of salt any assurance as to fast completion times. Rather you should enquire about the average time it takes for them to complete Earls Barton conveyancing transactions and if they are willing to aim towards your proposed completion date for your home move in Earls Barton