Is it realistic for conveyancing in Benson to be finalised within a month?

In the event that you are under time constraints for your conveyancing it is advisable to make sure that your conveyancer is familiar with the location as they will have local relationships and intelligence. It is even conceivable that they may have handled previousproperties in the same road. Therefore consider using a Benson conveyancing solicitor. Second, ensure that the conveyancing firm is on the lender panel. It is understood that nearly one in five of Benson conveyancing transactions are frustrated or derailed after finding out that a purchaser’s conveyancer was not on their banks member panel. This can often result in the transaction being held up by almost 21 days. It is believed that this issue affects approximately one hundred thousand home sales every year. Most Benson conveyancing practices can not represent certain banks so do check as early as possible.

I am the registered owner of a freehold residence in Benson but nevertheless charged rent, why is this and what is this?

It’s unusual for properties in Benson and has limited impact for conveyancing in Benson 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 date back hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.

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 extinguished.

I decided to have a survey done on a property in Benson in advance of instructing conveyancers. I have been advised that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies will not give a mortgage on a flying freehold property.

It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. Should you wish to telephone us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Benson. Conveyancing may be slightly more expensive based on your lender's requirements.

I'm remortgaging my primary home to a buy to let loan with and intend to use the remaining equity as a down payment on a second house. The neighborhood we are talking about is Benson. Will your solicitors be able to act for the two mortgage companies and link together the conveyances?

Make use of our comparison tool on this site to check that the solicitors are on the appropriate lender panels. On the basis that they are the lawyer will be able to simultaneously deal with the two conveyancing matters but you should talk with you lawyer and make clear your desired outcome and needs.

I own a 1st floor flat in Benson, conveyancing was carried out 3 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Benson with a long lease are worth £165,000. The ground rent is £45 charged once a year. The lease ends on 21st October 50

With just 50 years unexpired we estimate the premium for your lease extension to be between £36,100 and £41,800 as well as plus your own and the landlord's "reasonable" professional fees.

The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.