I am the registered owner of a freehold premises in New Addington but nevertheless pay rent, why is this and what is this?

It is rare for properties in New Addington and has limited impact for conveyancing in New Addington 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 generation of new rentcharges from 1977 onwards.

Old 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.

I am in the process of mortgaging my home in New Addington, does my lawyer have to be on the Barclays Solicitor panel?

There is nothing to stop you using your solicitor, but Barclays will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.

I require quick conveyancing in New Addington as I am faced with an ultimatum to exchange contracts inside one month. Fortunately I do not require a mortgage. Can I avoid the conveyancing searches to save money and time?

As you are not getting a mortgage you are at free not to have searches conducted although no law firm would suggest that you don't. With lots of history conveyancing in New Addington the following are instances of issues that can crop up and adversely affect market value: Refused Planning Applications, Overdue Fees, Outstanding Grants, Railway Schemes,...

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

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

My financial adviser has suggested using their conveyancer for our conveyancing in New Addington - Surely it’s better to just instruct them?

You need to establish if the selling agent is recommending a property lawyer or introducing to a lawyer. There are plenty of New Addington selling agents who recommend two or three New Addington conveyancing firms purely based on those lawyers offering a great service.