I purchased a freehold house in Wolverton but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Wolverton and has limited impact for conveyancing in Wolverton 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 many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
We hope to to purchase with Darlington Building Society. We have called around locally yet am unable to find a Wolverton conveyancing firm on the Darlington Building Society approved list. Can you assist?
Feel free to make use of the find a conveyancing panel solicitor tool on this site. Pick the building society and type Wolverton or your preferred area and you will be presented with a number of lawyer based in Wolverton or by proximity to you.
I am helping my step-mother sell her house in Wolverton. Will the solicitor commission an EPC or it is for the seller to see to?
After the abolition of Home Information Packs, EPC’s was maintained a mandatory component of selling a property. An EPC must be commissioned in advance of the property being marketed. It is not something that law firms normally arrange. Where you are instructing a Wolverton conveyancing practitioner they may be willing to arrange energy performance certificates due to their relationships with reputable local providers
My bid for a property was accepted at auction in Wolverton. Conveyancing is needed. What are my next steps?
Having exchanged you should find a conveyancing practitioner as a matter of priority as you now have a pending deadline in which to complete the conveyancing. An auction property will ordinarily have a bespoke legal pack. This should include the copy title deeds, local authority and drainage searches. If you have purchased leasehold premises the conveyancing papers may include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation pertinent to a leasehold property. You should give this to the conveyancer working for you as soon as possible. Do make sure that your finances are organised to complete the transaction on the set completion date.
We are buying a detached bungalow in Wolverton. We would like to an extension at the rear at the house.Will legal conveyancing on the property involve enquiries to determine if these works were previously refused?
Your solicitor will check the registered title as conveyancing in Wolverton will on occasion identify restrictions in the title documents which prevent certain changes or need the consent of a 3rd party. Certain additions call for local authority planning permissions and approval under the building regulations. Certain areas are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these issues with a surveyor prior to committing yourself to a purchase.
What tools are available to locate a Wolverton solicitor on the Godiva Mortgages Ltd conveyancing panel? I have wheels and am willing to travel upto 25kilometers to meet the lawyer.
You can use the tool on this website. Please pick a mortgage company and your location and you will see a number of Wolverton conveyancing lawyers locally. We have detailed some Wolverton conveyancing firms at the bottom of this page and you can telephone them to verify if they are on the Godiva Mortgages Ltd member panel
I am a negotiator for a reputable estate agency in Wolverton where we see a number of leasehold sales derailed as a result of short leases. I have been given contradictory information from local Wolverton conveyancing firms. Can you clarify whether the vendor of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I am the registered owner of a studio flat in Wolverton, conveyancing formalities finalised May 1996. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Wolverton with a long lease are worth £190,000. The ground rent is £45 yearly. The lease runs out on 21st October 2087
You have 62 years remaining on your lease the likely cost is going to be between £17,100 and £19,800 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.
Our bank agreed in principle to grant us a mortgage. We are using a reputable conveyancer in Wolverton two days ago. A couple of hours ago, our mortgage adviser phoned to advise us that the mortgage company said that we cannot use our solicitor as they aren't on their panel. As FTB's, we did not have a clue that the mortgage company had some control over our choice Is this usual?
You can actually select any conveyancing solicitor you prefer to appoint for your conveyancing in Wolverton however if your bank aren't happy with them you would have to fork out additional cost so the mortgage company can appoint their own solicitors as well to protect their interest. On occasion it is conceivable that your solicitor may apply to get added to the mortgage company panel. You can use web-based search facilities including lenderpanel.com to find a conveyancing solcitor in Wolverton on the lender panel. You can go into your local bank branch in Wolverton. They will know some good conveyancing solicitors in Wolverton on the mortgage company panel.