I purchased a freehold premises in Llanarth and Oakford but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Llanarth and Oakford and has limited impact for conveyancing in Llanarth and Oakford 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 new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
Hoping to buy a property located in Llanarth and Oakford and I am already nervous. I couldn't find anything specific about Llanarth and Oakford. Conveyancing will be needed in due course but do you know about the Llanarth and Oakford area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Llanarth and Oakford. In the meantime here are some basic statistics that we found
We are 3 weeks into a residential purchase having been referred to solicitors by the selling agent to handle our conveyancing in Llanarth and Oakford. I am not happy. Can you help me find new lawyers?
They would need to be really poor to suggest changing them. Has the loan offer been generated? If so you will need to advise them of the new contact details and have the mortgage documents are re-sent. Your conveyancer needs to be on the mortgage company approved list to avoid supplemental costs and complications. That should be your first question of the new lawyers. The find a solicitor tool can help you find a bank approved solicitor for your home move in Llanarth and Oakford