I own a freehold residence in Winterton but still pay rent, why is this and what is this?

It is rare for properties in Winterton and has limited impact for conveyancing in Winterton 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 many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.

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

I have an AIP. The bank mentioned the loan came with free conveyancing. Does this mean I have to use their panel conveyancer as I would prefer to use a local conveyancing solicitor in Winterton?

Do check but the the probability is that appoint one of their panel lawyers where you want the "fee-free" offer. Call the lender to ask if they make available a cash alternative. Some banks have previously offered a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor in Winterton.

My partner has recommend that I appoint his conveyancing solicitors in Winterton. Should I find my own conveyancer?

Much as we are happy to recommend a Winterton conveyancing lawyer it’s preferable to select a conveyancing solicitor is to get recommendations from friends or family who have experience in using the solicitor you're are thinking of instructing.

Back In 2008, I bought a leasehold house in Winterton. Conveyancing and Accord Mortgages Ltd mortgage went though with no issue. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1992. The conveyancing solicitor in Winterton who acted for me is not around. Any advice?

The first thing you should do is make enquiries of HMLR to make sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. There is no need to instruct a Winterton conveyancing lawyer to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

I own a ground floor flat in Winterton, conveyancing formalities finalised 7 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Winterton with an extended lease are worth £207,000. The average or mid-range amount of ground rent is £60 levied per year. The lease terminates on 21st October 2082

You have 57 years remaining on your lease the likely cost is going to be between £28,500 and £33,000 as well as professional fees.

The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.

How do I find a Winterton conveyancing solicitor on the mortgage company conveyancing panel? I have a car and am prepared to travel up to 15miles to meet the conveyancer.

You can use the find a conveyancing panel tool on this page. Please choose the lender and your location, in this case Winterton and you will see a number of lawyer located nearest Winterton. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the lender solicitor panel.