I own a freehold property in Narborough but still pay rent, why is this and what is this?

It’s unusual for properties in Narborough and has limited impact for conveyancing in Narborough 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 hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.

Old 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 extinguished.

My lawyer in Narborough has never been on on the Coventry Building Society Solicitor Panel. Is it possible for me to continue with my prefered solicitor notwithstanding that they are excluded from the Coventry Building Society panel of approved conveyancing solicitors?

Your options are as follows:

1. Carry on with your existing Narborough lawyers but Coventry Building Society will need to use a lawyer on their list of acceptable firms. This will result in additional total conveyancing fees and result in frustration.
2. Get a new practitioner to to deal with the purchase, obviously checking they are Coventry Building Society approved.
3. Persuade your Coventry Building Society solicitor to try to join the Coventry Building Society panel

When it comes to mortgage companies such as Aldermore, do Narborough solicitors have to pay a yearly amount to be on the list of approved solicitors?

We are unaware of any bank fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.

We have agreed to purchase a house in Narborough. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender RBS be concerned?

Given that you are obtaining a mortgage with RBS your lawyer must comply with the conveyancing requirements contained in Part 2 of UK Finance Lenders’ Handbook for RBS. The CML Handbook includes minimum specifications for solar panel roof-space leases, and lawyers are required to report to RBS where a lease fails to comply with these specifications. The provisions relate to the installation of panels on properties countrywide and is not limited to Narborough.

I have paid off my mortgage with RBS. I assume I don't need a Narborough conveyancer on the RBS panel to remove the mortgage at the Land Registry. Please confirm.

If you have finished paying off your RBS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the RBS mortgage from the register. RBS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:

1. but are not moving to another property
2. where RBS has sent the Land Registry the discharge electronically, and
3. RBS has instructed the Land Registry to do so

Do commercial conveyancing searches reveal impending roadworks that may affect a commercial estate in Narborough?

Its becoming the norm that commercial conveyancing solicitors in Narborough will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Narborough. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Narborough.

For each commercial conveyancing transaction in Narborough it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could result in delays to Narborough commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Narborough.

Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a quick, no chain conveyancing. Narborough is where the house is located. What do you suggest?

Flying freeholds in Narborough are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Narborough 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 Narborough 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 residence.