I purchased a freehold house in Cleator Moor yet charged rent, why is this and what is this?

It’s unusual for properties in Cleator Moor and has limited impact for conveyancing in Cleator Moor 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.

Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.

We hope to to buy with Coventry BS. I went into a few high street companies yet am struggling to find a Cleator Moor conveyancing firm on the Coventry BS panel. Could you help?

Please do make the most of the search tool on this web page. Please choose the lender and type Cleator Moor or your location and you will see numerous conveyancers located in Cleator Moor or by proximity to you.

What makes your site different to alternative internet conveyancing brokers when it comes to conveyancing in Cleator Moor?

At this site secure a conveyancing quote via a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Cleator Moor. Unlike many estate agents and many comparison sites we do not have commission deals with solicitors. A large number of agents and online brokers 'recommend' solicitors who pay the most commission, rather than the best value conveyancing in Cleator Moor

My husband and I are novice buyers - had an offer accepted, but the selling agent informed us that the seller will only go ahead if we appoint their preferred lawyers as they are insisting on a ‘quick sale’. We would rather use a local conveyancer used to conveyancing in Cleator Moor

It is improbable the vendors are behind this. Should the vendor desire ‘a quick sale', taking such a hostile approach to a genuine purchaser is not the way to achieve this. Speak to the owners direct and explain that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you will continue to use your own,trusted Cleator Moor conveyancing lawyers - not the ones that will earn the estate agent a commission or achieve conveyancing targets pre-set by head office.

I am employed by a reputable estate agency in Cleator Moor where we have experienced a number of flat sales put at risk due to short leases. I have been given contradictory information from local Cleator Moor conveyancing solicitors. Can you shed some light as to whether the vendor of a flat can start the lease extension process for the buyer?

As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the sale.

Alternatively, it may be possible to agree the lease extension with the freeholder 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.

Leasehold Conveyancing in Cleator Moor - A selection of Questions you should consider Prior to Purchasing

The answer will be useful as a) areas may result in problems for the building as the communal areas may begin to deteriorate where maintenance are not paid for b) if the leasehold owners have a dispute with the running of the building you will need to know about it Be sure to investigate if the the lease contains any onerous restrictions in the lease. By way of example plenty of leases prohibit pets being allowed in in a block in Cleator Moor. If you like the propertyin Cleator Moor yet your cat can’t live with you then you have a very difficult decision. How many of the leaseholders are in arrears for their maintenance charge payments?