I am the registered owner of a freehold premises in Wigan yet charged rent, why is this and what is this?
It’s unusual for properties in Wigan and has limited impact for conveyancing in Wigan 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 fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
We hope to to purchase with Loughborough BS. We have called around locally yet am unable to find a Wigan conveyancing firm on the Loughborough BS panel. Please you assist?
Feel free to make the most of the find a conveyancing panel solicitor tool on this site. Pick the building society and type Wigan or your preferred area and you will see a number of lawyer offices in Wigan or by proximity to you.
Despite weeks of looking the Title Certificate and documents to our property are lost. The conveyancers who conducted the conveyancing in Wigan 4 years ago have long since closed. What do I do?
These day there are duplicates made of almost everything, and your conveyancer will know exactly where to find all the relevant documentation so you may buy or sell your property without a hitch. If duplicates can’t be found, your lawyer may be able to put in place insurance or indemnities against future claims on the premises.
I'm converting the mortgage on my current property to a BTL mortgage with Coventry Building Society and intend to use the remaining equity as a down payment on a second house. The location we are looking at is Wigan. Will your lawyers be able to act for the two banks and link together the transactions?
Make use of our comparison tool on this site to check that the conveyancers are on the appropriate lender panels. Having checked that they are your solicitor will be able to tie up the two conveyancing matters but you should have a chat with you conveyancer and make apparent your expectations and requirements.
My uncle has recommend that I appoint his lawyers for conveyancing in Wigan. Should I choose my own property lawyer?
No doubt it’s preferable to find a conveyancing solicitor is to get guidance from friends or family who have actually used the solicitor you're are thinking of instructing.
Can you offer any advice when it comes to appointing a Wigan conveyancing practice to deal with our lease extension?
If you are instructing a solicitor for your lease extension (regardless if they are a Wigan conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of work. We suggest that you make enquires with several firms including non Wigan conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be useful:
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If they are not ALEP accredited then why not? What are the costs for lease extension work?
Wigan Leasehold Conveyancing - A selection of Questions you should consider before buying
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It would be prudent to investigate if there is anything that is prohibited in the lease. By way of example it is reasonably common in Wigan leases that pets are not allowed in certain buildings in Wigan. If you love the flatin Wigan yet your cat can’t live with you then you will be presented with a difficult determination. The majority of Wigan leasehold apartments will have a service bill for maintenance of the building levied on behalf of the landlord. If you acquire the flat you will have to pay this charge, normally in instalments accross the year. This can differ from two or three hundred pounds to thousands of pounds for blocks with lifts and large communal grounds. There will also be a ground rent for you to pay yearly, this is usually not a exorbitant sum, say around £25-£75 but you need to enquire as on occasion it could be surprisingly expensive. Its a good idea to discover as much as you can regarding the managing agents as they will impact your use and enjoyment of the property. Being a leasehold owner you are frequently in the clutches of the managing agents from a financial perspective and when it comes to day to day matters like the tidiness of the common parts. Ask other people what they think of them. Finally, find out the dates that you are obliged pay the service charge to the managing agents and precisely what you get for your money.