Is there a reason why leasehold purchase conveyancing in Pontyclun is more expensive?
Pontyclun leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
My lawyer in Pontyclun is not on the Clydesdale Conveyancing Panel. Can I still use my family solicitor notwithstanding that they are not on the Clydesdale panel of approved conveyancing solicitors?
Your options are as follows:
- Complete the purchase with your existing Pontyclun solicitors but Clydesdale will need to instruct a conveyancer on their panel. This will inevitably rack up the total legal fees as well as result in frustration.
- Get an alternative practitioner to to deal with the purchase, obviously checking they are on the Clydesdale panel
Are there restrictive covenants that are commonly picked up as part of conveyancing in Pontyclun?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Pontyclun. 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…’
How does conveyancing in Pontyclun differ for new build properties?
Most buyers of new build residence in Pontyclun contact us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is built. This is because new home sellers in Pontyclun tend to acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Pontyclun or who has acted in the same development.
As co-executor for the estate of my grandfather I am selling a house in Neath but live in Pontyclun. My solicitor (based 235 miles from mehas requested that I execute a stat dec ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Pontyclun to witness this legal document for me?
Technically speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are Pontyclun based
Having had my offer accepted I require leasehold conveyancing in Pontyclun. Before diving in I require certainty as to the remaining lease term.
Assuming the lease is registered - and almost all are in Pontyclun - 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 purchased a ground floor flat in Pontyclun, conveyancing having been completed 4 years ago. Can you work out an approximate cost of a lease extension? Comparable flats in Pontyclun with over 90 years remaining are worth £197,000. The ground rent is £55 charged once a year. The lease finishes on 21st October 2080
With 55 years left to run we estimate the price of your lease extension to range between £31,400 and £36,200 plus costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be other concerns 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 placing reliance on this information without first seeking the advice of a professional.