I own a freehold residence in Ponders End but still invoiced for rent, why is this and what is this?

It’s unusual for properties in Ponders End and has limited impact for conveyancing in Ponders End 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 many centuries, but the Rent Charge Act 1977 barred the creation 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 after 2037 is to be extinguished.

Do I have to have a meeting at the offices of the solicitor to execute the mortgage deed? If so, I will instruct a firm who offer conveyancing in Ponders End so that I can attend their offices if necessary.

As opposed to 12 years ago, most lenders no longer oblige their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide identification documents and there are still manifest benefits to instructing a locally based practitioner, in your case a conveyancing solicitor in Ponders End.

I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what should have been a quick, chain free conveyancing. Ponders End is where the house is located. Can you shed any light on this issue?

Flying freeholds in Ponders End are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ponders End you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ponders End 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 premises.

Should I be concerned about brokers that I am dealing with are encouraging me to use an internet conveyancing firm rather than a local Ponders End conveyancing practice?

As is the case with many professional services, often input from relatives can be most helpful. Nevertheless there are many players in a conveyancing transaction; estate agents, financial adviser and mortgage companies might all put forward lawyers to appoint. Sometimes the lawyers might be known to one of the organisations as experts in their field, but occasionally there might be a commercial relationship behind the endorsement. You have the right to appoint your own conveyancer. Don't forget that many banks specify a panel list of law firms you must use for the mortgage aspect of your house move.

I have been searching for Ponders End online conveyancing estimates. Can I be assured that all the Ponders End firms that are identified on your directory are on the lender conveyancing panel?

The solicitor and licensed conveyancing practices on our directory have advised us that they are on the lender panel and agreed to advise us to take down their listing in the event of removal off of the lender panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific Ponders End conveyancing solicitor being on the lender conveyancing panel is not accurate.