Just been in touch with my conveyancing lawyer in Swansea who acted for me 18 months ago requesting a conveyancing estimate based on the same type of home move (a leasehold residence and a freehold premises) of almost identical values with a loan from Platform Home Loans Ltd. It looks as though am now being charged double. Am I right to be tempted to shop around for a cheaper internet conveyancer?
The quote is fractionally on the expensive side. If you you were to look around you might get the conveyancing a bit cheaper by say £125. That being said, if you were happy with the conveyancing the firm gave you maylive to regret choosing an a cheaper conveyancer. Don't forget to ensure the conveyancer can also act for Platform Home Loans Ltd. You can use our search tool to select a Swansea conveyancing firm on the Platform Home Loans Ltd approved list of lawyers, which can often include conveyancing solicitors in Swansea.
Do the conveyancing lawyers identified via your search tool conduct conveyancing in Swansea by way of an attended exchange?
There are a few conveyancing specialists who can conduct 24hr exchanges. Do call us to secure a fee calculation and details as to availability.
I purchased a freehold premises in Swansea yet charged rent, why is this and what is this?
It is rare for properties in Swansea and has limited impact for conveyancing in Swansea 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 new rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
I have been told that property searches are the primary reason for stalling in Swansea conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of delays in the conveyancing process. Searches are unlikely to be the root cause of holding up conveyancing in Swansea.
I have been on the look out for a flat up to £235,500 and found one close by in Swansea I like with a park and railway links nearby, the downside is that it's only got 51 remaining years left on the lease. There is not much else in Swansea suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan the remaining unexpired lease term may be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
My partner has urged me to use his conveyancing solicitors in Swansea. Do I take his advice?
There are no two ways about it the best way to select a conveyancing solicitor is to get feedback from friends or relatives who have actually experience in using the solicitor that you are considering.