I own a freehold premises in Highbridge yet pay rent, why is this and what is this?

It is rare for properties in Highbridge and has limited impact for conveyancing in Highbridge 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 post 1977.

Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.

How does conveyancing in Highbridge differ for new build properties?

Most buyers of new build premises in Highbridge come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is completed. This is because house builders in Highbridge usually purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Highbridge or who has acted in the same development.

I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a simple, chain free conveyancing. Highbridge is the location of the property. Can you offer any advice?

Flying freeholds in Highbridge are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Highbridge you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Highbridge may decide 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 residence.

Hoping to buy a property located in Highbridge and I am already nervous. I couldn't find anything specific about Highbridge. Conveyancing will be needed in due course but do you know about the Highbridge area? or perhaps some other tips you can share?

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

In sourcing the world wide web for the phrase on line conveyancing in Highbridge it reveals many property lawyerslocally. How do I determine which is the right conveyancing solicitor for purchase transaction?

The ideal way of choosing a suitable conveyancer is through a personal referral, so ask friends and relatives who have purchased a property in Highbridge or the local estate agent or mortgage broker. Costs for conveyancing in Highbridge differ, so it's advisable to request a minimum of four fee estimates from different conveyancers. Make sure that you clarify what costs in the quote includes.