IfI were to buy a straightforward homein Saundersfoot for cash and dispense with a survey and no conveyancing searches how much should I expect to to save on my conveyancing in Saundersfoot?
Any savings you would make would be limited to the Saundersfoot conveyancing searches. A property lawyer is required to do the vast majority of work - money laundering, liaising with the vendors conveyancing practitioner, SDLT return, register the ownership etc. A marginal saving might be made by not needing to register a mortgage however it won't be significant.
I am the registered owner of a freehold premises in Saundersfoot but nevertheless charged rent, why is this and what is this?
It is rare for properties in Saundersfoot and has limited impact for conveyancing in Saundersfoot 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 have existed for hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
My partner and I are planning on selling our property in Saundersfoot and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. Any local conveyancer would know this is not the case. It does beg the question why the purchasers are using a nationwide conveyancing outfit as opposed to a conveyancing solicitor in Saundersfoot. We have lived in Saundersfoot for 4 years we know of no issue. Is it a good idea to contact our local Authority to seek clarification that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor already. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
My brother has suggested that I use his conveyancers in Saundersfoot. Should I use them?
No doubt the ideal way to select a conveyancing practitioner is to get recommendations from friends or family who have actually used the firm you're considering.
My wife and I purchased a leasehold flat in Saundersfoot. Conveyancing and Skipton Building Society mortgage went though with no issue. I have received a letter from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1993. The conveyancing solicitor in Saundersfoot who previously acted has long since retired. What should I do?
First make enquiries of the Land Registry to make sure that the individual claiming to own the freehold is in fact the new freeholder. There is no need to incur the fees of a Saundersfoot conveyancing solicitor to do this as you can do this on the Land Registry website for less than a fiver. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I own a garden flat in Saundersfoot, conveyancing having been completed May 2012. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Saundersfoot with a long lease are worth £222,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease terminates on 21st October 2096
With 71 years unexpired the likely cost is going to span between £9,500 and £11,000 plus legals.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.
I have been informed by numerous family members to expect up to two months for Saundersfoot conveyancing to complete.This was a month ago. The draft contract was only forwarded from the vendors conveyancer yesterday so now does it countdown?
There is no definitive time frame for conveyancing in Saundersfoot. Conveyancing is subject to many variable. Saundersfoot conveyancing searches alone could take some weeks to arrive.