My partner’s sister is a solicitor. I anticipate that I will be offered mate’s pricing for conveyancing, However if that does not come through, what kind of fees should I be expecting for conveyancing in Roath Park?
Do compare pricing. Make use of our comparison tool on this page. Whilst fees will contrast greatly but the service one can expect are distinct between law firms as is the case with the vast majority of professional services.
Due to complete my purchase in Roath Park next Monday. My property lawyer now wants me to supply her with evidence of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the bank. What does the insurance need to cover?
All property lawyers on acting for mortgage companies would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s UK Finance Lenders’ Handbook requirements. These requirements are not specific to conveyancing in Roath Park.
I am the registered owner of a freehold premises in Roath Park but still charged rent, why is this and what is this?
It is rare for properties in Roath Park and has limited impact for conveyancing in Roath Park 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 date back many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
I used Stirling Law a few years past for my conveyancing in Roath Park. Now, I need the documents however the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate 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 Roath Park 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 decided to have a survey carried out on a property in Roath Park in advance of retaining lawyers. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some lenders will not grant a loan on a flying freehold home.
It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. Should you wish to call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Roath Park. Conveyancing will be smoother if you use a solicitor in Roath Park especially if they are familiar with such properties in Roath Park.
Do you have any top tips for leasehold conveyancing in Roath Park from the perspective of speeding up the sale process?
- A significant proportion of the delay in leasehold conveyancing in Roath Park can be reduced if you appoint lawyers as soon as your agents start marketing the property and request that they start to collate the leasehold information needed by the buyers’ lawyers. The majority of landlords or Management Companies in Roath Park charge for supplying management packs for a leasehold premises. You or your lawyers should discover the fee that they propose to charge. The management information can be applied for on or before finding a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most frequent reason for frustration in leasehold conveyancing in Roath Park. If you have carried out any alterations to the premises would they have required Landlord’s permission? In particular have you laid down wooden flooring? Roath Park leases often stipulate that internal structural changes or addition of wooden flooring necessitate a licence from the Landlord consenting to such changes. Where you dont have the consents to hand you should not communicate with the landlord without contacting your solicitor in the first instance. If you have had conflict with your freeholder or managing agents it is essential that these are settled before the property is marketed. The purchasers and their solicitors will be concerned about purchasing a flat where there is a current dispute. You will have to accept that you will have to pay any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the purchasers, but it is better to reveal the dispute as over rather than unsettled. A minority of Roath Park leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, you should notify your estate agents to make sure that the purchasers obtain financial (bank) and professional references. The bank reference should make it clear that the buyer is financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their solicitors.
Roath Park Leasehold Conveyancing - Examples of Questions you should ask Prior to buying
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Be sure to discover if the the lease includes any unreasonable restrictions in the lease. For example it is fairly common in Roath Park leases that pets are not allowed in in a block in Roath Park. If you love the propertyin Roath Park yet your dog is not allowed to make the move with you then you will be faced difficult compromise. The best form of lease structure is a share of the freehold. In this situation the lessees have control and notwithstanding that a managing agent is often retained where the building is bigger than a house conversion, the managing agent retained by the leaseholders. This question is helpful as a) areas could cause problems in the block as the communal areas may begin to deteriorate where services remain unpaid b) if the leasehold owners have an issue with the running of the building you will wish to have full disclosure