I purchased a freehold residence in Fradley but still charged rent, why is this and what is this?

It is rare for properties in Fradley and has limited impact for conveyancing in Fradley 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 establishment of new rentcharges post 1977.

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 dispensed with completely.

What is the difference between a licensed conveyancer and conveyancing solicitor in Fradley

Two types of professional can carry out conveyancing in Fradley namely licenced conveyancers or solicitors. The two can administer conveyancing services that you need to complete the disposal or purchase of property. They are both required to carry out Fradley conveyancing to the same standards and guidelines so you can be safe in the knowledge that your conveyancing will be professionally conducted and that all requisite steps will be correctly adhered to.

I have paid off my mortgage with Bank of Ireland. I assume I don't need a Fradley property lawyer on the Bank of Ireland panel to discharge the mortgage at the Land Registry. Am I right?

If you have finished paying off your Bank of Ireland mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Bank of Ireland mortgage from the register. Bank of Ireland, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:

1. but are not moving to another property
2. where Bank of Ireland has sent the Land Registry the discharge electronically, and
3. Bank of Ireland has instructed the Land Registry to do so

I have a mortgage with UBS for my property in Fradley. Conveyancing was finalised months ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform UBS?

UBS must be informed of your intention prior to renting your property as this is likely to be a breach of UBS’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact UBS directly. You need not do this via a UBS conveyancing panel lawyer.

Is it possible to transfer to a new firm as I have to instruct a firm on the Norwich and Peterborough Building Society conveyancing panel. I had appointed a family conveyancing solicitor in Fradley five minutes from me but he is not accepted by Norwich and Peterborough Building Society

We will our best to assist in finding you a conveyancing solicitor in Fradley on the Norwich and Peterborough Building Society panel. Please note that the law firms that we on the directory do not pay us commission if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Fradley. In making use of search facility on this site, you can contrast fees for conveyancing solicitors in Fradley and throughout England and Wales.

I am using a search engine for the term cheap conveyancing in Fradley it brings up numerous property lawyersin the vicinity. With so much choice what is the best way to find the suitable property lawyer for purchase transaction?

The best way of choosing the right conveyancer is via personal testimonial, so enquire of colleagues and family who have acquired a property in Fradley or a respected estate agent or mortgage broker. Costs for conveyancing in Fradley differ, so it's advisable to obtain at least four fee estimates from different solicitors. Be sure to secure confirmation that the costs are assured not to increase.

Can you offer any advice when it comes to choosing a Fradley conveyancing practice to carry out our lease extension conveyancing?

When appointing a property lawyer for your lease extension (regardless if they are a Fradley conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you speak with two or three firms including non Fradley conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be of use:

Can they put you in touch with clients in Fradley who can give a testimonial? How experienced is the firm with lease extension legislation?

I am the registered owner of a 1 bedroom flat in Fradley, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Fradley with a long lease are worth £171,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease ends on 21st October 2103

You have 79 years left to run we estimate the price of your lease extension to span between £7,600 and £8,800 as well as professional fees.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more detailed investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.