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

It’s unusual for properties in Blaenau Ffestiniog and has limited impact for conveyancing in Blaenau Ffestiniog 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 new rentcharges from 1977 onwards.

Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.

I have been told that property searches are the primary cause of hinderance in Blaenau Ffestiniog conveyancing transactions. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances in the conveyancing process. Local searches are not likely to feature in any delay in conveyancing in Blaenau Ffestiniog.

What does commercial conveyancing in Blaenau Ffestiniog cover?

Commercial conveyancing in Blaenau Ffestiniog covers a broad array of services, offered by regulated solicitors, relating to business property. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.

My husband and I are first time buyers - agreed a price, but the selling agent told us that the owners will only proceed if we appoint the agent's recommended solicitors as they need an ‘expedited deal’. My instinct tells me that we should use a local solicitor accustomed to conveyancing in Blaenau Ffestiniog

We suspect that the seller is not behind this requirement. If they desire ‘a quick sale', taking such a hostile approach to a serious purchaser is going to damage their objectives. Try to communicate with the vendors directly and make sure they understand (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you are chain free (d) you wish to move quickly (e)however you intend to use your preferred Blaenau Ffestiniog conveyancing lawyers - as opposed tothose that will provide their estate agent a kickback or hit his conveyancing targets set by corporate headquarters.

I own a studio flat in Blaenau Ffestiniog, conveyancing was carried out 3 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Blaenau Ffestiniog with over 90 years remaining are worth £165,000. The average or mid-range amount of ground rent is £45 per annum. The lease comes to an end on 21st October 50

With only 50 years unexpired we estimate the premium for your lease extension to span between £36,100 and £41,800 as well as costs.

The suggested premium range that we have given is 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 the figures in tribunal or court proceedings. There may be additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.