The conveyancer who dealt with my former purchase has given a fee estimate £1700 for freehold conveyancing in Powys. I’m selling a Victorian property for £175,000. Is this over the top? Is it in excess of the norm for conveyancing in Powys?
The estimate does seem marginally overpriced. If you are content to expend time scrutinising charges you could get the conveyancing a bit cheaper by say a hundred pounds. On the other hand, you couldcome to rue choosing an an unknown solicitor. If is important to check the conveyancer can act for your mortgage company. You can utilise our comparison tool to locate a Powys conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in Powys.
We were just about to exchange contracts for a property in Powys. We encountered a stumbling block. Our mortgage offer with Skipton Building Society runs out on 28/1/2026 but the owners are insisting on a completion date of 30/1/2026. Can one extend the mortgage expiry date?
The best person to deal with your question is your solicitors who will determine whether he or she is should be discussing with the mortgage broker, vendor’s solicitors, property agents or conceivably all three taking into account what has happend in your conveyancing to date.
It is a dozen years since I acquired my property in Powys. Conveyancing lawyers have now been retained on the sale but I am unable to locate my title documents. Is this a problem?
You need not be too concerned. Firstly there is a chance that the deeds will be kept by your lender or they could be archived with the solicitor who acted in your purchase. Secondly in most cases the title will be registered at the land registry and you will be able to prove you own the property by your conveyancing solicitors procuring up to date copy of the land registers. Almost all conveyancing in Powys involves registered property but in the rare situation where your home is not registered it is more of a problem but is not insurmountable.
I am thinking of mortgaging my flat in Powys, does my lawyer have to be on the UBS Conveyancing panel?
In theory, you could use a solicitor that is not on the UBS conveyancing panel, but UBS would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Taking into account that I will soon spend hundreds of thousands of pounds on 3 bedroom house in Powys I would like to talk to a lawyer concerning theconveyancing ahead of giving the go ahead to the firm. Is this something that you can arrange?
Absolutely - we would be happy to talk to you we do not take any clients on without you liaising with the solicitor who will be conducting your conveyancing in Powys.There is no ‘factory style conveyancing’ - each client is unique individual, not a case number. The law firms that we put you in touch with believe that the figure you are calculated and presented to you for your conveyancing in Powys should be the figure that you end up paying.
I am employed by a busy estate agent office in Powys where we see a number of leasehold sales derailed as a result of leases having less than 80 years remaining. I have received contradictory information from local Powys conveyancing solicitors. Can you shed some light as to whether the seller of a flat can commence the lease extension process for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Leasehold Conveyancing in Powys - A selection of Questions you should ask Prior to buying
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It would be prudent to discover as much as you can about the company managing the building as they will affect your use and enjoyment of the property. Being a leasehold owner you will be in the clutches of the managing agents both financially and when it comes to practical matters such as the cleanliness of the communal areas. Ask other people what they think of their management. Finally, be sure you understand the dates that you are obliged pay the service charge to the relevant party and precisely how they are spending the funds. The prefered form of lease structure is if the freehold reversion is in the ownership of the leaseholders. In this scenario the leaseholders benefit from control and although a managing agent is frequently employed if the building is larger than a house conversion, the managing agent acts for the leaseholders themselves. What prohibitions exist in the Powys Lease?