I purchased a freehold residence in Childs Hill but nevertheless pay rent, why is this and what is this?

It is rare for properties in Childs Hill and has limited impact for conveyancing in Childs Hill 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.

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

My home in Childs Hill is up for sale and I have a buyer. Will the have to be on the conveyancing panel in order to deal with redeeming my mortgage?

Ordinarily, even if your lawyer is not on the conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently currently.

I require expedited conveyancing in Childs Hill as I am faced with pressure to complete within one month. A home loan is not required. Is it possible to escape the need for conveyancing searches to save money and time?

If.Given you are are a mortgage free purchaser you are at liberty not to do searches although no conveyancer would advise that you don't. With plenty of history conveyancing in Childs Hill the following are examples of what can arise and adversely affect market value: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Road Schemes,...

How does conveyancing in Childs Hill differ for new build properties?

Most buyers of new build residence in Childs Hill come to us having been asked by the developer to sign contracts and commit to the purchase even before the residence is constructed. This is because developers in Childs Hill tend to acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Childs Hill or who has acted in the same development.

Having used your search tool I can't find the lawyer I was hoping to instruct as being on the bank conveyancing panel. My lawyer has said that they are on the mortgage company approved panel. How can I be sure given that they are not listed on your directory?

Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the bank conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the bank solicitor panel.