I am the registered owner of a freehold house in Wiveliscombe but nevertheless pay rent, why is this and what is this?

It is rare for properties in Wiveliscombe and has limited impact for conveyancing in Wiveliscombe 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.

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

My lender has suggested a law firm on their panel based in Wiveliscombe but I would rather choose a conveyancing lawyer in Wiveliscombe or nearer to where I live. Can you assist?

The minority of Wiveliscombe conveyancing practices are listed all lender’s conveyancing panel. Use our search tool to choose a Wiveliscombe conveyancing firm on the on the lender panel.

My friend recommended that where I am buying in Wiveliscombe I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

This is a search is usually included in the estimate for your Wiveliscombe conveyancing searches. It is not a small document of more than thirty pages, listing and detailing significant information about Wiveliscombe around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Wiveliscombe Education with plans and statistics, Local Amenities and other useful information concerning Wiveliscombe.

I am using a search engine for the term cheap conveyancing in Wiveliscombe it shows results of many solicitorsin the area. How do I determine which is the right solicitor for me?

The ideal way of seeking the right conveyancer is through a trusted testimonial, so seek the counsel of colleagues and those you trust who have bought a property in Wiveliscombe or a respected estate agent or financial adviser. Costs for conveyancing in Wiveliscombe differ, so it's sensible to request a minimum of three estimates from varying types of solicitors. Be sure to secure confirmation what costs in the quote includes.

If all goes to plan we aim to complete the disposal of our £250,000 garden flat in Wiveliscombe next Friday. The freeholder has quoted £372 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Wiveliscombe?

Wiveliscombe conveyancing on leasehold maisonettes often requires the buyer’s solicitor submitting enquiries for the landlord to address. Although the landlord is not legally bound to answer these enquiries the majority will be willing to assist. They are entitled to charge a reasonable charge for answering questions or supplying documentation. There is no upper cap for such fees. The average costs for the paperwork that you are referring to is over three hundred pounds, in some transactions it exceeds £800. The management information fee demanded by the landlord must be accompanied by a summary of entitlements and obligations in respect of administration charges, otherwise the charge is technically not due. In reality you have little option but to pay whatever is requested of you should you wish to sell the property.

I own a leasehold flat in Wiveliscombe, conveyancing formalities finalised in 2008. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Wiveliscombe with a long lease are worth £186,000. The ground rent is £55 charged once a year. The lease comes to an end on 21st October 2076

With only 52 years remaining on your lease the likely cost is going to be between £29,500 and £34,000 as well as plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.