I am the registered owner of a freehold residence in Heathfield yet charged rent, why is this and what is this?

It is rare for properties in Heathfield and has limited impact for conveyancing in Heathfield 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 establishment of new rentcharges post 1977.

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

I have been advised by my lawyer that flying freehold insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Heathfield?

The appropriate level of flying freehold indemnity insurance should be dictated by who who your lender is. It would differ for example between Yorkshire Building Society and Norwich and Peterborough Building Society. Conveyancing solicitors as opposed to members of the public take out such insurances.

Can you point me to a directory of TSB panel solicitors in Heathfield on the Council of Mortgage Lender’s Website?

No. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. A small selection of mortgage companies make their panel listings open the public online. Where you are looking for a Heathfield conveyancing practitioner on the TSB please use our tool.

About to purchase apartment in Heathfield. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Yorkshire BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Heathfield conveyancer is on the Yorkshire BS conveyancing panel.

What does commercial conveyancing in Heathfield cover?

Non domestic conveyancing in Heathfield incorporates a wide range of services, supplied by qualified solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.

I need to appoint a conveyancing solicitor for my conveyancing in Heathfield. I have land on a web site which seems to have the perfect answer If it is possible to get all this stuff done via email that would be preferable. Should I be concerned? What are the potential pitfalls?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

I am attracted to a two maisonettes in Heathfield both have approximately 50 years unexpired on the leases. Should I regard a short lease as a deal breaker?

There are plenty of short leases in Heathfield. The lease is a right to use the property for a prescribed time frame. As the lease shortens the value of the lease reduces and results in it becoming more expensive to extend the lease. For this reason it is advisable to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease because mortgage companies may be unwilling to lend money on properties of this type. Lease extension can be a protracted process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this arena.

Heathfield Leasehold Conveyancing - Sample of Queries before buying

Are any of leasehold owners in dispute over their service charge liability? Best to be warned whether window replacement or some other major work is due shortly to be shared between the leasehold owners and will materially impact the level of the service charges or result in a specific payment. Be sure to discover if there are any onerous restrictions in the lease. For instance plenty of leases prohibit pets being allowed in certain buildings in Heathfield. If you like the apartmentin Heathfield however your dog is not allowed to make the move with you then you have a very hard compromise.