I purchased a freehold property in Maxton but still invoiced for rent, why is this and what is this?

It’s unusual for properties in Maxton and has limited impact for conveyancing in Maxton 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.

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

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

There are two types of lawyers who can execute conveyancing in Maxton namely licenced conveyancers or solicitors. Both professionals provide the legal services that required to complete the sale or acquisition of property. They are both required to handle Maxton conveyancing to the same standards and guidelines so you can be safe in the knowledge that your conveyancing will be professionally conducted and that the requirements and steps will be accurately taken.

Forgive me if this question is silly but I am unexperienced as a 1st time purchaser of a two bedroom flat in Maxton. Do I pick up the keys to the house on the completion date from my conveyancer? If this is the case, I will instruct a High Street conveyancing solicitor in Maxton?

There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the purchase money to the vendor’s solicitors, and shortly after the monies have arrived, you should be invited to pick up the keys from the Estate Agents and start moving into the property. This tends to happen early afternoon.

My husband and I are in the throws of looking at flats in Maxton and I am about to put in an offer. Is it wise to have a conveyancer on ‘stand by’? I am planning to take a home loan with Co-operative.

You should start requesting conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. As you are getting a mortgage with Co-operative, ask your prospective lawyers if they are on the Co-operative conveyancing panel otherwise they can't do the mortgage legal work.

How does conveyancing in Maxton differ for newly converted properties?

Most buyers of new build premises in Maxton come to us having been asked by the developer to sign contracts and commit to the purchase even before the residence is completed. This is because house builders in Maxton typically 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 conveyancing solicitors 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 accustomed to new build conveyancing in Maxton or who has acted in the same development.

Having checked my lease I have discovered that there are only 72 years unexpired on my flat in Maxton. I am keen to get lease extension but my freeholder is can not be found. What are my options?

On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the Court. However, you will be required to demonstrate that you or your lawyers have done all that could be expected to find the landlord. On the whole an enquiry agent should be useful to carry out a search and prepare a report to be used as evidence that the freeholder is indeed missing. It is advisable to get professional help from a property lawyer in relation to investigating the landlord’s disappearance and the vesting order request to the County Court overseeing Maxton.

Leasehold Conveyancing in Maxton - Examples of Questions you should consider before buying

Is anyone aware of any major works in the near future that will likely increase the service fees? How many years remain on the lease? Who takes charge for maintaining and repairing the block?

I am thinking of choosing a web based conveyancer as opposed to a Maxton conveyancing firm. Am I making a mistake?

Advantages do exist in having the opportunity to pop in to a local Maxton conveyancing solicitor such as

• signing documents and and when necessary
• having one on one explanations of issues that you need help with
• the ability to raise concerns if things go pear-shaped

When analysing estimates, look carefully for hidden extras. The majority decent Maxton high street solicitors give an all-inclusive figure. Many online companies appear to offer discounted prices, but have burried 'extras' in the small print.