I purchased a freehold property in Goodwick but still charged rent, why is this and what is this?

It’s unusual for properties in Goodwick and has limited impact for conveyancing in Goodwick 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 establishment of fresh 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 post 2037 is to be dispensed with completely.

I am helping my niece sell her property in Goodwick. Will the solicitor order an energy assessment or it is for me to coordinate?

After the abolition of Home Information Packs, energy performance certificates was maintained a required component of selling a house. An energy performance certificate should be to hand prior to the property being advertised. It is not a task that lawyers ordinarily arrange. Where you are instructing a Goodwick conveyancing lawyer they may be able to arrange energy performance certificates due to their relationships with long established Goodwick assessors

Can I be sure that the Goodwick conveyancing solicitor on the TSB panel is any good?

When it comes to conveyancing in Goodwick getting recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the lawyer handling your transaction.

I have finally had an offer on a flat in Goodwick accepted, the vendors do however have a tied purchase. The sellers have offered on somewhere, however it’s not yet agreed to, and are looking at other flats booked. I have chosen a high street conveyancing solicitor in Goodwick. What should be my next step? At what point do I apply for the mortgage with HSBC?

It is normal to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx one thousand pounds, then survey, Goodwick conveyancing search charges, etc). The first course of action is to ensure that your conveyancer is on the HSBC approved list. Regarding the next phase this very much dictated by the circumstances of your case, attraction to this property and on the state of the market. During a hot market some purchasers would apply for a home loan with HSBC and pay for the valuation and only if it was satisfactory would they request their property lawyer to proceed with searches.

I decided to have a survey done on a house in Goodwick in advance of retaining conveyancers. I have been told that there is a flying freehold element to the property. The surveyor advised that some mortgage companies will not give a loan on a flying freehold house.

It depends who your proposed lender is. Lloyds has different instructions from Halifax. If you call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Goodwick. Conveyancing may be slightly more expensive based on your lender's requirements.

I'm remortgaging my primary house to a BTL loan with Aldermore and I will use the rest of the raised equity as a down payment on another property. The location we are interested in is Goodwick. Will your lawyers be able to act for the two lenders and link together the conveyances?

Do use our comparison tool on this site to check that the lawyers are approved by both lenders. Assuming that they are the lawyer should be able to tie up the two deals but you should have a chat with you solicitor and specify your expectations and needs.

Having had my offer accepted I require leasehold conveyancing in Goodwick. Before I set the wheels in motion I require certainty as to the remaining lease term.

Assuming the lease is recorded at the land registry - and most are in Goodwick - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I acquired a 2 bed flat in Goodwick, conveyancing was carried out half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Goodwick with a long lease are worth £191,000. The ground rent is £55 invoiced annually. The lease ceases on 21st October 2078

You have 54 years remaining on your lease we estimate the price of your lease extension to span between £31,400 and £36,200 as well as professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.