I am purchasing a garden flat in Rhayader. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Rhayader you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Rhayader.
I used Arc property Solicitors several years ago for my conveyancing in Rhayader. Now, I need my documents however cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Rhayader of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I opted to have a survey completed on a property in Rhayader prior to instructing lawyers. I have been informed that there is a flying freehold element to the house. My surveyor has said that some banks tend not grant a mortgage on a flying freehold property.
It depends who your proposed lender is. Santander has different instructions for example to Halifax. If you contact us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Rhayader. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to instruct a conveyancing solicitor for freehold conveyancing in Rhayader. I happened to chance upon a site which looks to be the ideal answer If there is a chance to get all this stuff done via email that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I've found a house that appears to tick a lot of boxes, at a reasonable figure which is making it more attractive. I have since found out that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a house with a leasehold title in Rhayader. Conveyancing advisers have are about to be instructed. Will they explain the issues?
Most houses in Rhayader are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can assist with the conveyancing process. We note that you are buying in Rhayader so you should seriously consider looking for a Rhayader conveyancing practitioner and check that they have experience in transacting on leasehold houses. First you will need to check the number of years remaining. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease will likely included provisions such as requiring the freeholder’sconsent to carry out changes to the property. It may be necessary to pay a contribution towards the upkeep of the estate where the property is part of an estate. Your lawyer will advise you fully on all the issues.
I acquired a garden flat in Rhayader, conveyancing was carried out December 2000. Can you work out an approximate cost of a lease extension? Equivalent flats in Rhayader with an extended lease are worth £191,000. The ground rent is £55 yearly. The lease ends on 21st October 2079
You have 54 years left to run we estimate the premium for your lease extension to be 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 cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.
Some months ago I was informed by my mortgage company that their approved solicitors operate no completion no fee basis for conveyancing in Rhayader. I had a purchase abort and now the conveyancers have requested search fees! They are stating that the fees are nothing to do with their fees!
By offering "no move no fee" Rhayader conveyancing lawyers are waiving their charges for any work conducted. We should point out that this is NOT an insurance scheme. Disbursements aren’t covered – where the conveyancer have to pay money out to independent parties, e.g. Rhayader local search fees