I own a freehold residence in Westbury On Trym but still invoiced for rent, why is this and what is this?

It’s unusual for properties in Westbury On Trym and has limited impact for conveyancing in Westbury On Trym 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 have existed for many centuries, but the Rent Charge Act 1977 barred the generation 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 is to be extinguished.

Do I find a Licenced Conveyancer or Solicitor for conveyancing in Westbury On Trym?

There are many recorded licenced Conveyancers in Westbury On Trym and Solicitor practices in Westbury On Trym who can assist with your conveyancing We would stress that both are supervised by regulatory bodies with both specialising in the legal work in the home buying process. Both can handle other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.

We previously instructed conveyancers located in Westbury On Trym on the TSB solicitor panel. They have just invoiced me a supplemental charge for dealing with the TSB mortgage. Is this a supplemental conveyancing fee specified by TSB?

Provided it is contained in their Terms and Conditions or estimate then yes your conveyancer may charge a fee for this. The fee is not set by TSB but by your Westbury On Trym conveyancing practitioner. Plenty of firms on the TSB panel will charge an ‘acting for lender’ fee and others do not.

Completion of my purchase has taken place for my property in Westbury On Trym. Conveyancing was satisfactory but I would like to complain about the lender. How does one go about formally complaining?

Almost all lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. We understand that complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.

I require quick conveyancing in Westbury On Trym as I am under a deadline to exchange contracts in less than one month. Luckily I do not require a mortgage. Is it possible to decline from having conveyancing searches to save money and time?

If.Given you are not taking a home loan you have the choice not to do searches although no conveyancer would advise that you don't. With lots of history conveyancing in Westbury On Trym the following are examples of issues that can show up and therefore affect future saleability: Refused Planning Applications, Overdue Charges, Overdue Grants, Road Schemes,...

Are there restrictive covenants that are commonly picked up during conveyancing in Westbury On Trym?

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Westbury On Trym. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

What are your top tips when it comes to choosing a Westbury On Trym conveyancing practice to deal with our lease extension?

If you are instructing a conveyancer for your lease extension (regardless if they are a Westbury On Trym conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of work. We advise that you make enquires with several firms including non Westbury On Trym conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be useful:

If they are not ALEP accredited then why not?

I acquired a basement flat in Westbury On Trym, conveyancing having been completed February 2006. How much will my lease extension cost? Similar properties in Westbury On Trym with a long lease are worth £181,000. The average or mid-range amount of ground rent is £55 yearly. The lease finishes on 21st October 2075

With 51 years unexpired the likely cost is going to span between £30,400 and £35,200 as well as plus your own and the landlord's "reasonable" professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.