There are certain things in life that are made easier by the "nice" people you meet along the way. Thank you for your help; infact thank you for everything; I'm glad I wasn't in this alone.

The stress of moving was very much kept to a minimum with such pleasant, happy, courteous and professional people. We would be very happy to use your services again.

A thoroughly professional company.

When stating on the telephone that a letter would follow in the next post, it arrived on my doorstep the next day! Your staff were most helpful throughout.

We appreciate greatly, the helpful way in which you handled our house sale, nothing but the highest praise for your efforts both professional and client relations.

Nothing was too much trouble, matters were dealt with very promptly and without any fuss. We will definitely recommend you.

Many thanks for all your hard work. All of your efforts were truly appreciated. We only wish other agencies involved in house moving were as efficient!

"Full marks!" "This is the second time in recent years that we have used your company. We would not hesitate to use Clutton Cox in the future and would recommend your company most highly.

Excellent service. Thank you for all the time and help you made available. "The service was first class, and I will have no hesitation in recommending you to other people.

I was more than pleased with the way you dealt with my affairs and the problems encountered. I could not have asked for better service or more support.

Excellent service. Thank you for all the time and help you made available. "The service was first class, and I will have no hesitation in recommending you to other people.

I was more than pleased with the way you dealt with my affairs and the problems encountered. I could not have asked for better service or more support.

I was impressed with the way you and your staff managed to be patient, courteous and maintain an air or optimism even when difficulties arose, thank you.

Once again signed, sealed and completed without a hitch! Cheers for all your hard work.

Very pleased indeed with the service no hesitation in recommending it to others.

We found our dealings to be very efficient and helpful and would not hesitate to recommend Clutton Cox to any of our friends/relations. Many thanks for your assistance in this matter.

We were very impressed with the service we received. "All staff were very friendly and helpful. They did not tire of my constant phone calls!

I thank you for the exceptionally quick service you have provided for me. I never imagined things would all go so quickly and smoothly!" "Very much appreciated, thank you.

We were impressed with your willingness to answer our queries and clarify matters for us. Thank you very much.

We are more than pleased with the speed and efficient way our conveyancing has been handled. We will certainly use your services again and will recommend you to our friends.

We were very happy at the service we received. It was very professional and efficient.

01454 312125

Conveyancing in Bristol: How to Redeem a Rentcharge

by Paul Hajek on

The Communities and Local Government Department recently published new guidance on how to pay off (or redeem in legal parlance) a Rentcharge on a freehold property.

When you are buying a property in Bristol, you may well come across a Rentcharge

Rentscharge (yes that is the correct plural even though the Government prefers Rentcharges) was a payment payable annually to a third party, sometimes but not always the original builder.

Rentscharge caught on in the late nineteenth and early twentieth centuries as a convenient way for builders to continue to receive an income from property after it had been sold.

The phrase you will hear when Conveyancing in Bristol is “freehold and free”. This will differentiate a property which is not subject to a Rentcharge.

Since 1977 a law has allowed most existing freehold owners to buy out these rents and barred the creation of new Rentscharge subject to very few exceptions.

How to Redeem a Rentcharge:

You can always agree a price with the Rentcharge owner directly.

Otherwise, you can obtain an application for a Redemption Certificate from the Rentcharges Team, Department for Communities and Local Government, 4^th Floor, One Piccadilly Gardens, Manchester, M1 1RG.

The department is in Manchester, as there is something akin to a Rentcharge in Manchester known as a Chief Rent.

Exceptions to Redeem a Rentcharge

Although the Rentcharge owner cannot prevent redemption of a Rentcharge (unless one of the exceptions) unfortunately, unless the identity and address of the Rentcharge owner is known you will be unable to redeem the Rentcharge.

When this happens during the Conveyancing process i.e. you cannot show proof of payment of the Rentcharge, it is normal for a 6 year allowance to be made in favour of the Buyer. You would not be able to sue for a debt over this period as a claim would be statute barred.

How Much Will It Take To Redeem a Rentcharge

As a rule of thumb, the going rate is about 16 times the annual amount of the Rentcharge.

This will be paid directly to the Rentcharge owner. There are no administration charges.

In any event, as the sums know involved with Rentscharge are so small, there should be no affect on the marketability of your property.

If you need any further information please contact your Conveyancing Solicitor.

The good news for sellers and buyers alike, is that such restrictions are unlikely to affect the value of the property being sold or purchased

Free Conveyancing Book: A Home Buying and Conveyancing Guide.

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