I own a freehold premises in Winnersh yet invoiced for rent, why is this and what is this?
It is rare for properties in Winnersh and has limited impact for conveyancing in Winnersh 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 have existed for hundreds of years, 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 in 2037 is to be extinguished.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Winnersh. My lender is Tesco Bank
Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 6/1/2026, the requirements read as follows :
Due to the encouragement of my in-laws I had a survey completed on a house in Winnersh in advance of retaining solicitors. I have been advised that there is a flying freehold element to the house. My surveyor has said that some mortgage companies may not issue a loan on a flying freehold home.
It varies from the lender to lender. Lloyds has different requirements from Halifax. Should you wish to call us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Winnersh. Conveyancing will be smoother if you use a solicitor in Winnersh especially if they are familiar with such properties in Winnersh.
Is it possible to swap firm as I need to appoint a firm on the Bank of Scotland conveyancing panel. I instructed a family conveyancing solicitor in Winnersh five minutes from me but the firm is not accepted by Bank of Scotland
We will our best to assist in finding you a conveyancing solicitor in Winnersh on the Bank of Scotland panel. Please note that the solicitors that we list do not pay us fee if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Winnersh. In utilising search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Winnersh.
I am tempted by the attractive purchase price for a two maisonettes in Winnersh both have approximately fifty years remaining on the leases. Will this present a problem?
A lease is a legal document that entitles you to use the property for a period of time. As the lease gets shorter the saleability of the lease reduces and results in it becoming more costly to extend the lease. For this reason it is often a good idea to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease because mortgage lenders may be reluctant to lend money on such properties. Lease extension can be a difficult process. We recommend you seek professional help from a conveyancer and surveyor with experience in this area.
I purchased a split level flat in Winnersh, conveyancing having been completed June 2012. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Winnersh with a long lease are worth £176,000. The average or mid-range amount of ground rent is £50 yearly. The lease comes to an end on 21st October 2076
You have 50 years unexpired the likely cost is going to range between £31,400 and £36,200 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more comprehensive investigations. Do not use the figures 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. Neither should you move forward based on this information without first seeking the advice of a professional.
I am due to consider costs for conveyancing in Winnersh from three conveyancing practitioner and choose one. Am I right to tell them to sit tight until I have found somewhere to acquire.
You should only request your solicitor to start work and apply for searches after the sales memo has been issued by the estate agent especially as Winnersh conveyancing searches are not cheap.