I am the registered owner of a freehold residence in Tanworth In Arden yet pay rent, why is this and what is this?

It is rare for properties in Tanworth In Arden and has limited impact for conveyancing in Tanworth In Arden 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 redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.

I have a 4 bedroom Georgian house in Tanworth In Arden. Conveyancing lawyer represented me and National Westminster Bank. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, the second leasehold under the matching property. I'd like to know for sure, how can I find out??

You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Tanworth In Arden and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with the conveyancing practitioner who conducted the conveyancing.

I am looking for a ground for flat up to £245,000 and identified one near me in Tanworth In Arden I like with amenity areas and station in the vicinity, the downside is that it's only got 52 years unexpired on the lease. There is not much else in Tanworth In Arden suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?

If you need a home loan the remaining unexpired lease term will be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.

We're novice buyers - had an offer accepted, but the property agent informed us that the seller will only move forward if we use the agent's recommended conveyancers as they are insisting on a ‘quick sale’. We would rather use a family conveyancer who is familiar with conveyancing in Tanworth In Arden

We suspect that the seller is unaware of this request. Should the vendor want ‘a quick sale', taking such a hostile approach to a genuine purchaser is going to damage their objectives. Speak to the owners direct and make sure they understand (a)you are genuine buyers (b)you are ready to go, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)however you intend to instruct your preferred Tanworth In Arden conveyancing solicitors - as opposed tothose that will earn their negotiator at the agency a commission or hit his conveyancing thresholds pre-set by corporate headquarters.

We are looking to purchase a repression house in Tanworth In Arden and the bank selling would like to complete inside 28 days. Can a property lawyer complete in this timeframe? Am I best advised to instruct a local Tanworth In Arden firm or an online organisation that professes to offer speedy conveyancing?

Attend your Tanworth In Arden shopping parade. Pop in to a couple of firms and ask to talk to a conveyancing solicitor for an estimate. Set out your requirements and seek assurances on time frames. Appoint the one that seems most trustworthy. Make sure to choose a conveyancer on the list of conveyancers who can act for your lender.