I am need of leasehold conveyancing for an apartment in a relatively new development (seven years built) in Newton-le-Willows. The vast majority the flats have already been occupied. Is it really necessary to order conveyancing searches as part of conveyancing in Newton-le-Willows?

Where you are obtaining a mortgage, your bank will need some (many) of the searches so you'll have no choice. If not, then Newton-le-Willows conveyancing searches are for you to decide upon. No doubt your conveyancer, will ’encourage’, perhaps in the strongest possible terms, that you should not go ahead without searches, but he or she is duty bound in this regard. One thing to bear in mind; if you are likely to sell the house one day, it may be of interest to your future buyer what the searches contain. Sometimes houses with no practical issues can still throw up adverse search results. But if you choose to instruct your lawyer to proceed without searches then your lawyer will have to follow your instructions or ask you to appoint a different lawyer for your conveyancing in Newton-le-Willows.

I am the registered owner of a freehold property in Newton-le-Willows but nevertheless charged rent, why is this and what is this?

It is rare for properties in Newton-le-Willows and has limited impact for conveyancing in Newton-le-Willows 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 establishment of new rentcharges post 1977.

Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.

What makes your site different to other web based conveyancing brokers for conveyancing in Newton-le-Willows?

At this site get an accurate quote via a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Newton-le-Willows. As opposed to estate agents and many comparison sites we do not have referral deals with solicitors. A large number of agents and online brokers 'recommend' the firm who pay the highest per referral, not the best value conveyancing in Newton-le-Willows

Planning to sign contracts shortly on a leasehold property in Newton-le-Willows. Conveyancing solicitors assured me that they will have a report out to me tomorrow. Are there areas in the report that I should be focusing on?

Your report on title for your leasehold conveyancing in Newton-le-Willows should include some of the following:

Who has the liability to repair and maintain the block. It is essential that you know which party is responsible the repair and maintenance of all parts of the block and communal areas Repair and maintenance of the premises Does the lease require carpeting throughout thus preventing wood flooring? Does the lease prevent you from subletting the property, or working from home if lease caters for for a reserve fund?

I acquired a split level flat in Newton-le-Willows, conveyancing having been completed 9 years ago. Can you work out an approximate cost of a lease extension? Comparable flats in Newton-le-Willows with an extended lease are worth £190,000. The ground rent is £65 per annum. The lease ceases on 21st October 2086

You have 61 years unexpired we estimate the premium for your lease extension to span between £19,000 and £22,000 plus legals.

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 detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.

How up-to-date is your search tool for the lender conveyancing panel in Newton-le-Willows? Do the lenders send you an updated list?

Newton-le-Willows firms and firms carrying out conveyancing in Newton-le-Willows themselves provide us confirmation that they are on the bank conveyancing panel as opposed to being supplied with a list from the lender directly.