I am the registered owner of a freehold property in Bickley but still charged rent, why is this and what is this?

It’s unusual for properties in Bickley and has limited impact for conveyancing in Bickley 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.

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

Does a directory service exist listing panel conveyancers in Bickley on the Building Society Association’s Website?

Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. A small selection of lending institutions make their panel listings visible online. If you are looking for a Bickley on the please use our tool.

It is unclear whether my lender requires a lease extension. I have called my Bickley building society branch on a couple of occasions and was informed it wasn't an issue and they would lend. My Bickley conveyancing solicitor - who is on the bank conveyancing panel- telephoned and was told they would not lend based on their specific requirements. Who do I believe?

As long as the is on the lender panel, they must adhere to the CML Handbook requirements for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.

have agreed my mortgage in principle, my offer on a apartment in Bickley has been agreed to, what are the next steps?

Your property agent will want to be advised as to your 's details (be sure the are on the lender’s approved list). Telephone or your financial adviser and complete any appropriate forms. will instruct a valuer who will get in touch with the selling agent or vendor to book a time for the valuation to happen. Once carried out (assuming no problems) it takes approximately ten days to receive the mortgage offer. will send the offer to you and your . The transaction will then take it’s course according the nature and complexity of the conveyancing in Bickley.

I am purchasing a new build house in Bickley with a loan from . The builders refused to budge the amount so I negotiated five thousand pounds worth of additionals instead. The sale representative suggested that I not to tell my conveyancer about the side-deal as it could jeopardize my mortgage with . Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder 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.

I decided to have a survey done on a property in Bickley in advance of appointing solicitors. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some mortgage companies may not give a loan on such a house.

It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. If you call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Bickley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bickley to see if the conveyancing will be more expensive.

A couple of weeks ago I was informed by my bank that their panel lawyers work on no sale no charge basis for conveyancing in Bickley. Our purchase fell through nevertheless the solicitors want search fees! They say the fees are nothing to do with their fees!

in offering "no sale no fee" Bickley conveyancing firms are waiving their charges for any work conducted. We must stress this is NOT an insurance scheme. Disbursements aren’t covered – where the have to pay money out to independent parties, for instance Bickley local search fees