I am the registered owner of a freehold residence in Noak Hill but still invoiced for rent, why is this and what is this?

It’s unusual for properties in Noak Hill and has limited impact for conveyancing in Noak 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 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 in 2037 will be dispensed with completely.

I am being advised by my lawyer that chancel insurance is necessary on my purchase. What is the level of cover for Noak Hill conveyancing?

The appropriate level of chancel indemnity insurance should be dictated by who who your lender is. It would differ for example between Nationwide Building Society and Bank of Scotland. Conveyancing practitioners as opposed to borrowers take out such insurances.

How can we know in advance if a Noak Hill conveyancing solicitor on the RBS panel is any good?

When it comes to conveyancing in Noak Hill getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the lawyer conducting your conveyancing.

My sealed bid on a property in Noak Hill has been accepted, but there is a chain. The owners have put an offer on on an apartment, however it’s not yet agreed to, and are looking at other apartments in the pipeline. I have chosen a high street conveyancing solicitor in Noak Hill. What should be my next step? At what point do I apply for the mortgage with Virgin Money?

It is understandable to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of £1k, then survey, Noak Hill conveyancing search charges, etc). First, you should check that your conveyancer is on the Virgin Money approved list. Concerning the next steps this very much depends on the specifics of your transaction, attraction to this property and on the state of the market. In a hot market some home buyers would apply for the mortgage with Virgin Money and arrange for the valuation and only if it was satisfactory would they pay their conveyancing practitioner to proceed with searches.

Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Noak Hill is where the house is located. Can you shed any light on this issue?

Flying freeholds in Noak Hill are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Noak Hill you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Noak Hill may determine 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.

I am a sole trader planning to take over a lease of a shop on the high street. Can you recommend solicitors offering no-sale-no charges for commercial conveyancing in Noak Hill for below £1,200?

We can recommend firms who host a wealth of experience of commercial conveyancing in Noak Hill, including the disposal and acquisition of businesses as well as simply property. Whether you are intending to purchase or sell a shop, pub, restaurant, office, retail premises or a whole business we can find you the right solicitor. As for the fees this will depend on the structure and complexity of the deal. Let us have your contact information or call us so that we may supply you with a fixed commercial conveyancing calculation.

Our lenders have just issued us with a mortgage offer. We have retained a reputable conveyancer in Noak Hill yesterday. A couple of hours ago, our mortgage adviser contacted us saying that the mortgage company said that we cannot use our solicitor as they aren't on their panel. As FTB's, we had no idea that the mortgage company had a say Is this permitted?

You are at liberty to use any property lawyer you prefer to select including the said conveyancer in Noak Hill however if they are not on the your lender's approved list you would have to incur additional cost so the bank can appoint their own lawyers. sometimes it is conceivable that your solicitor may apply to get added to the lender panel. You can use online search facilities such as lenderpanel.com to find a conveyancing solcitor in Noak Hill on the bank panel. You can go into your high street bank branch in Noak Hill. They will know some good conveyancing solicitors in Noak Hill on the approved list.