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

It is rare for properties in Rothley and has limited impact for conveyancing in Rothley 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 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.

Various online forums that I have visited warn that are the main reason for delay in Rothley house deals. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of hindrances in the conveyancing process. Local searches are unlikely to be the root cause of holding up conveyancing in Rothley.

I purchased my flat on 4 May and my personal details is yet to be on the land registry website. Should I be concerned? My conveyancing solicitor in Rothley advises it will be recorded inside ten days. Are titles in Rothley uniquely lengthy to register?

There is nothing unique when it comes to conveyancing in Rothley registration formalities. As opposed to being determined by geographic area, timescales can vary subject to who lodges the application, whether it is in order and if the Land registry communicate with any interested persons or bodies. At present approximately 80% of such applications are fully dealt with within two weeks but some can be subject to protracted hold-ups. Historically registration is effected after the buyer is living at the property thus 'speed' is not typically an essential issue but where there is a degree of urgency associated with the registration then you or your solicitor must communicate with the Registry to express the reasoning for an expedited registration.

I'm purchasing a new build house in Rothley with the aid of help to buy. The sellers refused to move on the price so I negotiated £7000 of fixtures and fittings instead. The property agent advised me not reveal to my conveyancer about the extras as it could jeopardize my mortgage with the bank. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

My wife and I have recently appointed a conveyancing solicitor in Rothley. I I would like to check if they are listed on the bank's approved list of lawyers. Can you help?

It’s a good idea phone the lawyer and ask them if they are on the lender's approved list. If that does not help call us and we can investigate and revert. Should the firm not be on the conveyancing panel we can certainly arrange a specialist conveyancing solicitor in Rothley on the approved list for your lender.