Our family solicitor has sent a quote for £1700 for freehold conveyancing in Roath. I’m looking to sell a newly refurbished detached home for £275,000. Are these estimated fees excessive? Is it in excess of the average fee for conveyancing in Roath?
The costs illustration is slightly on the expensive side. If you shop around you may be able to get the conveyancing a bit cheaper by perhaps a hundred pounds. On the other hand, you couldcome to rue opting for an an unknown solicitor. Don't forget to check that the solicitor can also act for your lender. You can employ our search tool to choose a Roath conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Roath.
IfI was to purchase a freehold housein Roath mortgage fee and dispense with a survey and no conveyancing searches how much should I expect to to save on my conveyancing in Roath?
The only saving you would make on is the Roath conveyancing searches. Your property lawyer still be obliged to do everything else - money laundering, correspond with your sellers conveyancing practitioner, stamp duty submission, register the ownership etc. A slight saving might be made by not needing to register a charge but it won't be a lot.
Our bank has suggested a law firm on their panel based in Roath but I would rather instruct a conveyancing lawyer in Roath or nearer to where I live. Can you assist?
Far from all Roath conveyancing practitioners are on all lender’s conveyancing panel. Use our search tool to locate a Roath conveyancing solicitor on the on the bank panel.
I am helping my sister sell her property in Roath. Will the solicitor order the energy assessment or it is for the owner to see to?
Following the abolition of Home Packs, EPC’s remained a compulsory part of moving house. An energy assessment should be to hand in advance of the property being put on the market. It is not as aspect of the sale process that solicitors normally organise. Where you are instructing a Roath conveyancing lawyer they might be willing to arrange energy performance certificates given their contacts with reputable local energy assessors
Can you help - my lawyer says that lack of right of way insurance is required on my purchase. What is the level of cover for Roath conveyancing?
The right level of lack of right of way indemnity insurance should be dictated by who who your lender is. It would differ for example between Halifax and Bank of Scotland. Conveyancing solicitors as opposed to members of the public take out such insurances.
I am currently in the process of buying my council flat in Roath. I have a mortgage agreed with Kent Reliance. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Kent Reliance, you will need to appoint a solicitor on the Kent Reliance conveyancing panel.
A friend recommended that where I am purchasing in Roath I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes quoted for as part of the standard Roath conveyancing searches. It is a large report of about 40 pages, listing and detailing important information about Roath around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Roath Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Roath Education with plans and statistics, Local Amenities and other useful information regarding Roath.
Do you have any advice for leasehold conveyancing in Roath from the perspective of expediting the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Roath can be bypassed where you instruct lawyers as soon as you market your property and ask them to put together the leasehold documentation needed by the purchasers’ solicitors. If you have the benefit of shareholding in the Management Company, you should make sure that you hold the original share document. Obtaining a replacement share certificate can be a lengthy formality and slows down many a Roath home move. Where a new share certificate is needed, do contact the company director and secretary or managing agents (if relevant) for this sooner rather than later. Many landlords or managing agents in Roath levy fees for providing management packs for a leasehold home. You or your lawyers should find out the fee that they propose to charge. The management pack can be applied for on or before finding a buyer, thus reducing delays. The typical amount of time it takes to receive management information is three weeks. It is the most common reason for frustration in leasehold conveyancing in Roath. You believe that you know the number of years remaining on your lease but you should verify this by asking your lawyers. A buyer’s conveyancer will not be happy to advise their client to to exchange contracts if the lease term is below 75 years. It is therefore essential at an early stage that you consider whether the lease for your property needs extending. If it does, contact your solicitors before you put your property on the market for sale. If you have carried out any alterations to the premises would they have required Landlord’s permission? Have you, for example laid down wooden flooring? Roath leases often stipulate that internal structural changes or installing wooden flooring require a licence issued by the Landlord approving such alterations. Should you fail to have the approvals to hand do not contact the landlord without checking with your solicitor before hand.
I own a 1 bedroom flat in Roath, conveyancing was carried out 6 years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Roath with over 90 years remaining are worth £171,000. The ground rent is £50 invoiced every year. The lease ends on 21st October 2104
You have 79 years unexpired we estimate the price of your lease extension to be between £8,600 and £9,800 as well as professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. Do 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 take any other action placing reliance on this information before seeking the advice of a professional.