I have given 2 months notice to my current landlord and must leave my let out property in Mynydd Isa by the end of next month. Conveyancing on my purchase is progressing. Can I complete in 5 weeks as don't want to have to find short term accommodation?
It is unwise to give notice for your letting until your lawyer suggests that you should. If you have not already done so, update to your solicitor and ask them to they seek the assistance the sellers side, try to get a realistic time scale from them that everyone will look to achieve
Why do I have to pay up front for my conveyancing in Mynydd Isa?
If you are buying a property in Mynydd Isa your solicitor will ask you to provide them with monies to cover the the cost of the conveyancing searches. Generally this is asked for to cover the fees of the Local Authority Search. When the down payment is as part of the total price then this should be required immediately before contracts are exchanged. The closing balance that is due should be sent to your lawyer shortly before completion.
I have 71 years remaining on my lease and need a lease extension for my flat in Mynydd Isa. Conveyancing solicitors on the Tesco Bank panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 3/6/2025 the requirements read as follows :
Are there restrictive covenants that are commonly picked up as part of conveyancing in Mynydd Isa?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Mynydd Isa. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Is it best to use a Mynydd Isa conveyancing solicitor who is local to the property I am purchasing? We have a good friend who can handle the legal work however his firm is located 300kilometers away.
The primary upside of using a local Mynydd Isa conveyancing practice is that you can attend the office to execute documents, present your ID and apply pressure on them if necessary. Having local Mynydd Isa know how is a benefit. However it's more important to get someone that will do a good and efficient job. If if people you trust instructed your friend and they were impressed that should surpass using an unfamiliar Mynydd Isa conveyancing lawyer solely due to them being Mynydd Isa based.
All being well we will complete the sale of our £425,000 flat in Mynydd Isa in seven days. The freeholder has quoted £348 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is the landlord entitled to charge such fees for a leasehold conveyance in Mynydd Isa?
Mynydd Isa conveyancing on leasehold apartments normally necessitates the buyer’s solicitor sending enquiries for the landlord to address. Although the landlord is under no legal obligation to respond to such questions the majority will be willing to do so. They are at liberty to levy a reasonable administration fee for answering questions or supplying documentation. There is no upper cap for such fees. The average costs for the information that you are referring to is £350, in some transactions it is in excess of £800. The administration charge levied by the landlord must be sent together with a summary of rights and obligations in relation to administration charges, otherwise the invoice is not strictly payable. Reality however dictates that you have little choice but to pay whatever is requested of you if you want to sell the property.
I own a 1st floor flat in Mynydd Isa, conveyancing was carried out September 2007. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Mynydd Isa with a long lease are worth £180,000. The average or mid-range amount of ground rent is £65 yearly. The lease ceases on 21st October 2084
With only 59 years left to run we estimate the premium for your lease extension to be between £20,900 and £24,200 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.