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Find a Frodsham Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Frodsham? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Frodsham home move at risk of delay or failure.

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Recently asked questions about conveyancing in Frodsham

I purchased a freehold house in Frodsham but still pay rent, why is this and what is this?

It is rare for properties in Frodsham and has limited impact for conveyancing in Frodsham 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 new rentcharges from 1977 onwards.

Old 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 extinguished.

I have been advised by my solicitor that flying freehold insurance is needed on my purchase. What is the level of cover for Frodsham conveyancing?

The appropriate level of flying freehold indemnity insurance should be dictated by who your lender. It would differ for example between Santander and Bank of Scotland. Conveyancing practitioners as opposed to members of the public take out such insurances.

I'm in the throws of viewing flats in Frodsham and I am now considering a potential offer. Is it too early to have a solicitor in place? I am planning to take a mortgage with TSB.

It would be prudent to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the selling agent. As you are getting a mortgage with TSB, make sure you remember to check that your lawyer is on the TSB conveyancing panel.

At last I have had an offer on an apartment in Frodsham accepted, but there is a chain. The owners have placed an offer on on an apartment, but it’s not yet tied up, and are looking at other flats in the pipeline. I have chosen a high street conveyancing solicitor in Frodsham. What do I do now? When should I get the mortgage application with Clydesdale started?

It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx £1k, then survey, Frodsham conveyancing search costs, etc). The first thing to do is ensure that your conveyancing practitioner is on the Clydesdale approved list. Concerning the subsequent stages this very much dictated by the circumstances of your transaction, desire for the property and on the state of the market. During a hot market the majority of home buyers will apply for the mortgage with Clydesdale and pay for the valuation and only if it was satisfactory would they pay their lawyer to press on with searches.

Over the last few months I have been searching for a leasehold apartment up to £305k and identified one close by in Frodsham I like with a park and railway links nearby, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Frodsham suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?

Should you require a mortgage that many years will likely be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.

I need to retain a conveyancing solicitor for some conveyancing in Frodsham. I have chance upon a site which seems to have the perfect answer If it is possible to get all the legals completed via phone that would be preferable. Should I be concerned? What are the potential pitfalls?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

If all goes to plan we aim to complete the disposal of our £325,000 garden flat in Frodsham in seven days. The freeholder has quoted £336 for Certificate of Compliance, building insurance schedule and previous years statements of service charge. Is the landlord entitled to charge exorbitant fees for a flat conveyance in Frodsham?

Frodsham conveyancing on leasehold flats usually necessitates the purchaser’s conveyancer sending enquiries for the landlord to answer. Although the landlord is under no legal obligation to respond to such questions most will be content to assist. They are at liberty to charge a reasonable charge for answering enquiries or supplying documentation. There is no set fee. The average fee for the paperwork that you are referring to is £350, in some transactions it is above £800. The administration charge demanded by the landlord must be sent together with a synopsis of rights and obligations in relation to administration charges, without which the invoice is technically not due. In reality you have little choice but to pay whatever is requested of you should you wish to sell the property.

I own a split level flat in Frodsham, conveyancing formalities finalised December 2012. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Frodsham with a long lease are worth £179,000. The ground rent is £65 levied per year. The lease terminates on 21st October 2077

With 57 years left to run the likely cost is going to be between £26,600 and £30,800 as well as legals.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. 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 without first getting professional advice.

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Neighbouring Locations

Runcorn
Widnes
Helsby
Frodsham

Find out more about how flying freehold can affect your the value of a property.