I purchased a freehold house in Stamford Bridge yet invoiced for rent, why is this and what is this?

It’s unusual for properties in Stamford Bridge and has limited impact for conveyancing in Stamford Bridge 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 generation of new rentcharges post 1977.

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

I have been recommended a conveyancing solicitor in Stamford Bridge. I I would like to check if they are on the conveyancing panel. Could you assist?

The first thing you should do is call the conveyancer and enquire whether they are on the lender panel. Otherwise you should get in touch with who may be able to confirm.

How does conveyancing in Stamford Bridge differ for newly converted properties?

Most buyers of new build or newly converted property in Stamford Bridge contact us having been asked by the seller to exchange contracts and commit to the purchase even before the house is built. This is because builders in Stamford Bridge typically acquire the real estate, 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 conveyancing solicitors 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 Stamford Bridge or who has acted in the same development.

I have been on the look out for a ground for flat up to £195,000 and identified one near me in Stamford Bridge I like with amenity areas and transport links nearby, the downside is that it's only got 61 years on the lease. I can't really find anything else in Stamford Bridge in this price bracket, so just wondered if I would be making a grave error buying a short lease?

If you require a mortgage the shortness of the lease will likely be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.

Given that I am about to spend 450k on a garden flat in Stamford Bridge I would like to talk to a lawyer concerning thehouse move prior to appointing the firm. Can this be arranged?

We could not agree more - we would be happy to talk to you we do not take any clients on without you liaising with the solicitor due to be carrying out your conveyancing in Stamford Bridge.There is no ‘factory style conveyancing’ - every client is an important individual, not a file number. The law firms that we put you in touch with believe that the fees you are provided with for your conveyancing in Stamford Bridge should be the figure that you are charged.