I purchased a freehold residence in Cannock but nevertheless charged rent, why is this and what is this?

It’s unusual for properties in Cannock and has limited impact for conveyancing in Cannock 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 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 will be dispensed with completely.

We are planning to purchase with Loughborough BS. I went into 3 or 4 high street companies but am struggling to find a Cannock conveyancing firm on the Loughborough BS panel. Could you help?

Please do take advantage of the find a lender approved solicitor tool on this web page. Pick the building society and type Cannock or your location and you will be presented with a number of lawyer offices in Cannock or by proximity to you.

My relative recommended that where I am buying in Cannock I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?

This is a search is usually quoted for as part of the standard Cannock conveyancing searches. It is a large document of more than thirty pages, listing and detailing significant information about Cannock 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 demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Cannock Education with maps and statistics, Local Amenities and other useful data concerning Cannock.

How simple is it to change solicitor as I have to select a firm on the Nottingham Building Society conveyancing list. I instructed a local conveyancing solicitor in Cannock five minutes from me but the firm is not accepted by Nottingham Building Society

We will our best to assist in finding you a conveyancing solicitor in Cannock on the Nottingham Building Society panel. Please note that the property lawyers that we on the directory do not pay us a referral fee if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Cannock. In making use of the find a conveyancing solicitor tool on this page, you can scrutinise costs for conveyancing solicitors in Cannock and beyond.

Can you provide any advice for leasehold conveyancing in Cannock from the point of view of expediting the sale process?

• A significant proportion of the delay in leasehold conveyancing in Cannock can be avoided if you appoint lawyers as soon as your agents start advertising the property and request that they start to collate the leasehold documentation needed by the buyers’ lawyers.
You may think that you are aware of the number of years remaining on your lease but you should double-check by asking your solicitors. A purchaser's conveyancer will not be happy to advise their client to to exchange contracts if the lease term is below 80 years. In the circumstances it is essential at an early stage that you identify whether the lease term for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale. If you are supposed to have a share in the Management Company, you should make sure that you are holding the original share document. Arranging a re-issued share certificate can be a lengthy formality and delays many a Cannock conveyancing deal. Where a new share is required, do contact the company officers or managing agents (where relevant) for this at the earliest opportunity. The majority of landlords or managing agents in Cannock 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 information can be applied for on or before finding a buyer, thus accelerating the process. The typical amount of time it takes to receive management information is three weeks. It is the most common reason for delay in leasehold conveyancing in Cannock.

I inherited a 1st floor flat in Cannock, conveyancing formalities finalised 9 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Cannock with a long lease are worth £265,000. The ground rent is £50 charged once a year. The lease comes to an end on 21st October 2100

With only 76 years unexpired we estimate the price of your lease extension to range between £8,600 and £9,800 plus legals.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. 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 getting professional advice.