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

It is rare for properties in Faversham and has limited impact for conveyancing in Faversham 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.

Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.

I am purchasing a semi-detached house in Faversham. Can I do my own conveyancing?

Leaving aside the complexities and merits of DIY conveyancing in Faversham you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Faversham.

Will our conveyancer be raising enquiries regarding flooding during the conveyancing in Faversham.

Flooding is a growing risk for conveyancers dealing with homes in Faversham. Some people will buy a house in Faversham, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.

Conveyancers are not qualified to impart advice on flood risk, but there are a various checks that may be initiated by the buyer or on a buyer’s behalf which will give them a better understanding of the risks in Faversham. The conventional set of completed inquiry forms supplied to a buyer’s lawyer (where the Conveyancing Protocol is adopted) incorporates a standard inquiry of the vendor to find out whether the property has ever been flooded. If flooding has previously occurred and is not notified by the owner, then a purchaser may bring a claim for damages as a result of such an misleading response. A buyer’s conveyancers may also order an environmental search. This will indicate whether there is a recorded flood risk. If so, more detailed inquiries should be carried out.

Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a simple, no chain conveyancing. Faversham is where the house is located. Is there any advice you can impart?

Flying freeholds in Faversham are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Faversham you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Faversham may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

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At this site obtain a conveyancing quote from a Solicitor or Licensed Conveyancer that appreciates the nuances for your conveyancing in Faversham. As opposed to estate agents and many comparison sites we do not operate referral arrangements with solicitors. Many agents and online brokers 'recommend' solicitors that pays the highest commission, not the best value conveyancing in Faversham