I decided to go with a high street lawyer for our conveyancing in Tonypandy today. Reviewing the small print I seewe are on the hook for fees even if our purchase doesn't happen. Would I be best advised to use an internet solicitor practice who offer no move no charge conveyancing in Tonypandy?
Generally there is a compromise along the lines that if "No Completion No Fee" is offered then the conveyancing charges will generally be uplifted to cover the cases that do not go ahead. Dont forget that these offerings generally do not protect you from disbursements for instance Tonypandy conveyancing search expenses.
I am the registered owner of a freehold property in Tonypandy but still invoiced for rent, why is this and what is this?
It is rare for properties in Tonypandy and has limited impact for conveyancing in Tonypandy 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 hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Tonypandy?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Tonypandy. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Just had an offer accepted on a new build flat in Tonypandy. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Tonypandy
-
Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are surveyor prepared. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
I've recently found out that there is a flying freehold issue on a house I have offered on last month in what should have been a quick, no chain conveyancing. Tonypandy is where the house is located. Can you shed any light on this issue?
Flying freeholds in Tonypandy are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Tonypandy you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Tonypandy may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Back In 2005, I bought a leasehold house in Tonypandy. Conveyancing and Santander mortgage organised. I have received a letter from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1994. The conveyancing practitioner in Tonypandy who acted for me is not around. Any advice?
First make enquiries of HMLR to be sure that the individual claiming to own the freehold is in fact the new freeholder. There is no need to instruct a Tonypandy conveyancing practitioner to do this as it can be done on-line for a few pound. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I own a garden flat in Tonypandy, conveyancing formalities finalised 10 years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Tonypandy with an extended lease are worth £206,000. The ground rent is £45 charged once a year. The lease expires on 21st October 2092
With just 67 years remaining on your lease the likely cost is going to range between £10,500 and £12,000 as well as legals.
The figure above a general guide to costs for extending a lease, but we are not able to advice on 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 concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.