I purchased a freehold property in Boscastle yet invoiced for rent, why is this and what is this?

It’s unusual for properties in Boscastle and has limited impact for conveyancing in Boscastle 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 fresh 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 extinguished.

We just had an offer accepted to buy with Coventry BS. We have called around locally but am unable to find a Boscastle conveyancing firm on the Coventry BS panel. Please you assist?

Feel free to take advantage of the find a conveyancing panel solicitor tool on this web page. Please choose the building society and type Boscastle or your preferred area and you will discover a number of lawyer offices in Boscastle or nearest you.

My friend advised me that if I am purchasing in Boscastle I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

This is a search is usually quoted for as part of the standard Boscastle conveyancing searches. It is a large document of more than thirty pages, listing and setting out important information about Boscastle around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Boscastle Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful information about Boscastle.

I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a quick, chain free conveyancing. Boscastle is where the house is located. What do you suggest?

Flying freeholds in Boscastle are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Boscastle you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Boscastle may ascertain 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 premises.

My company is hoping to take over a lease of a shop on the high street. Can you recommend lawyers offering no-move-no fees for non-domestic conveyancing in Boscastle for below 1500k?

We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Boscastle, including the disposal and purchase of businesses as well as simply property. Whether you are looking to buy or lease a shop, pub, restaurant, office, retail unit or a whole business we can find you the right lawyer. Regarding the fees these will vary based on the structure and heads of terms of the proposed transaction. Let us have your details or email us so that we may provide you with comprehensive commercial conveyancing quote.