Why would one use a Ulverston conveyancing practice given that national conveyancers are cheap by comparison?

To take your time to find contrast conveyancing costs in Ulverston and you should seek an affordable quote but don’t waste your energy looking for the cheapest Ulverston conveyancer. Finding the right conveyancer can mark the difference between a seamless and a distressing move. It is important that you ensure that you have expert guidance from a specialist solicitor. An e-mail can never be as helpful as a telephone call and can never replicate a one to one appointment. Our partner firms will appoint you a qualified and top rated conveyancing solicitor who can deal with your conveyancing from beginning to end, giving the sort of continuity that you rarely receive from an online conveyancer. He or She will keep you updated as to headway making sure that you are regularly updated. Should you need to contact the firm you will know who you need to speak to and we'll be sure you are kept fully informed.

I purchased a freehold premises in Ulverston yet charged rent, why is this and what is this?

It is rare for properties in Ulverston and has limited impact for conveyancing in Ulverston 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 new rentcharges post 1977.

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 am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Ulverston. My lender is Bank of Ireland

Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 23/7/2024, the requirements read as follows :

I have justbecome aware that Wolstenholmes have been shut down. They carried out my conveyancing in Ulverston for a purchase of a leasehold flat 12 months ago. How can I establish that my home is not still registered in the name of the former proprietor?

The quickest method to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Ulverston conveyancing specialists.

Do you have any advice for leasehold conveyancing in Ulverston from the perspective of saving time on the sale process?

• A significant proportion of the frustration in leasehold conveyancing in Ulverston can be bypassed where you instruct lawyers as soon as your agents start marketing the property and request that they start to collate the leasehold information needed by the buyers’ conveyancers.
Some Ulverston leases require Licence to Assign from the landlord. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers obtain bank and professional references. The bank reference should make it clear that the buyer is financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the purchasers or their solicitors. Many landlords or Management Companies in Ulverston charge for supplying management packs for a leasehold home. You or your lawyers should enquire as to the fee that they propose to charge. The management pack sought as soon as you have a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most usual reason for delay in leasehold conveyancing in Ulverston. If there is a history of conflict with your freeholder or managing agents it is essential that these are settled before the property is put on the market. The purchasers and their solicitors will be concerned about purchasing a property where there is a current dispute. You may need to swallow your pride and discharge any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the buyers, but it is better to reveal the dispute as over rather than unresolved.

I acquired a 1st floor flat in Ulverston, conveyancing was carried out November 2012. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Ulverston with an extended lease are worth £171,000. The ground rent is £50 yearly. The lease expires on 21st October 2103

With just 79 years remaining on your lease we estimate the premium for your lease extension to span between £7,600 and £8,800 as well as legals.

The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.