My partner’s mother is a property lawyer. I expect that I will receive friends and family rates for conveyancing, but if not, what level of fees would I typically be looking at for conveyancing in Walton Le Dale?

You should compare pricing. Make use of our comparison tool on this page. You will notice that estimates do be different but the service one can expect are distinct between conveyancers as is the case with the vast majority of professional services.

I am the registered owner of a freehold premises in Walton Le Dale but still pay rent, why is this and what is this?

It’s unusual for properties in Walton Le Dale and has limited impact for conveyancing in Walton Le Dale 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 creation of fresh rentcharges post 1977.

Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.

I require fast conveyancing in Walton Le Dale as I have pressure to exchange contracts in less than 4 weeks. A home loan is not required. Is it possible to decline from having conveyancing searches to save fees and time?

If.Given you are not obtaining a home loan you are at liberty not to do searches although no conveyancer would advise that you don't. Drawing on years of experience of conveyancing in Walton Le Dale the following are examples of issues that can be revealed and therefore affect market value: Enforcement Actions, Overdue Fees, Outstanding Grants, Road Schemes,...

I am employed by a busy estate agency in Walton Le Dale where we have experienced a number of leasehold sales jeopardised as a result of leases having less than 80 years remaining. I have received inconsistent advice from local Walton Le Dale conveyancing firms. Please can you confirm whether the owner of a flat can initiate the lease extension process for the purchaser on completion of the sale?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.

Alternatively, it may be possible to extend the lease informally by agreement with the landlord 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 purchaser.

I invested in buying a split level flat in Walton Le Dale, conveyancing formalities finalised 9 years ago. How much will my lease extension cost? Corresponding flats in Walton Le Dale with a long lease are worth £190,000. The average or mid-range amount of ground rent is £45 per annum. The lease finishes on 21st October 2087

With only 62 years left to run we estimate the price of your lease extension to be between £17,100 and £19,800 plus professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.

What is the average legal costs for conveyancing in Walton Le Dale?

The average cost last year for conveyancing in Walton Le Dale was £1,419 excluding SDLT and HM Land Registry charges.