Having been told to check out your organisation we were about to go ahead with a conveyancing solicitor in Penllergaer recommended on your site but have come across some other quotes on the internet seem cheaper – why is this?
You can find hundreds of solicitors offering theoretically looks to be cut price. You should give due consideration about how much you respect your own move to you are willing to be penny wise pound foolish over the standard of the conveyancing. Many of them accentuate a cheap fee to grab your attention but bury supplemental charges in the small print..
I am the registered owner of a freehold residence in Penllergaer but nevertheless pay rent, why is this and what is this?
It is rare for properties in Penllergaer and has limited impact for conveyancing in Penllergaer 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 many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
Do I need to have a meeting at the offices of the solicitor to execute the legal charge? If so, I will choose one who does conveyancing in Penllergaer so that I can attend their offices if necessary.
Most conveyancing panel lawyers for mortgage companies carry out their work through the post, internet or over the phone. This means that they can undertake the conveyancing transaction regardless of where you live in the country. That being said you can see if you can still book an appointment to visit conveyancing lawyer if just in case this is required.
Me and my brother own a semi-detached Georgian property in Penllergaer. Conveyancing lawyer acted for me and TSB. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Penllergaer and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with the conveyancing lawyer who conducted the conveyancing.
I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a quick, chain free conveyancing. Penllergaer is the location of the property. What do you suggest?
Flying freeholds in Penllergaer are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Penllergaer you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Penllergaer may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I have just appointed agents to market my basement apartment in Penllergaer. Conveyancing solicitors are to be appointed soon, but I have recently had a quarterly maintenance charge invoice – should I leave it to the buyer to sort out?
It best that you clear the invoice as normal given that all ground rent and service invoices should be allotted on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I bought a split level flat in Penllergaer, conveyancing formalities finalised April 2009. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Penllergaer with a long lease are worth £170,000. The average or mid-range amount of ground rent is £50 yearly. The lease ends on 21st October 2102
With just 78 years unexpired we estimate the premium for your lease extension to span between £7,600 and £8,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.