I am the registered owner of a freehold house in Woldingham but still pay rent, why is this and what is this?

It’s unusual for properties in Woldingham and has limited impact for conveyancing in Woldingham 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 new rentcharges from 1977 onwards.

Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.

We're in Woldingham, First time buyers purchasing with a mortgage (lender is Skipton , and our solicitor is on the Skipton conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Skipton conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what should have been a straight forward, no chain conveyancing. Woldingham is where the house is located. Can you offer any opinion?

Flying freeholds in Woldingham are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Woldingham you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Woldingham may determine 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 residence.

Should I choose a Woldingham conveyancing lawyer in close proximity to the house I am hoping to buy? An old friend can handle the legal work but his firm is located over three hundred miles away.

The benefit of a local Woldingham conveyancing practice is that you can drop in to execute documents, deliver your ID and pester them if necessary. They will also have local insight which is a plus. However nothing is more important than finding someone that will pull out all the stops for you. If other friends have used your friend and they were content that should surpass using an unfamiliar Woldingham conveyancing solicitor just because they are based in the area.

Been searching for a conveyancing practitioner for freehold sale conveyancing in Woldingham. I'm selling, simple no mortgage to pay off, no rush, no onward purchase. Received a quote from a solicitor for a thousand pounds excluding VAT which is a little steep given that its so straightforward. Is it possible to find less expensive fees for conveyancing in Woldingham?

As it’s a sale only, £425 + VAT is likely to be about the lowest for sale conveyancing in Woldingham.