My partner and I are purchasing our first house. Our conveyancing practitioner has e-mailedto enquire if we want to order extra conveyancing searches. Unfortunately we are clueless as to what's appropriate for conveyancing in Torfaen
The extent of Torfaen conveyancing searches depends entirely on the property, the location, the probability of any of these risks, your familiarity of the area and risks, your overall appetite to risk. What is important is that you adequately comprehend what information each search could provide. Then you can make a decision if you personally think you need that search. Should you be in doubt, ask your conveyancer to offer guidance.
My property lawyer in Torfaen has never been on on the Yorkshire Building Society Conveyancing Panel. Is it possible for me to continue with my family solicitor notwithstanding that they are excluded from the Yorkshire Building Society approved list?
The limited options available to you here include:
- Complete the purchase with your preferred Torfaen lawyers but Yorkshire Building Society will need to retain a lawyer on their list of acceptable firms. This will result in additional overall legal fees as well as cause frustration.
- Get an alternative solicitor to act in the purchase, not forgetting to check they are on the Yorkshire Building Society panel
five months have gone by following my purchase conveyancing in Torfaen concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Is there anything unique about your site and alternative online quote calculators when it comes to conveyancing in Torfaen?
At this site secure a conveyancing quote via a Solicitor or Licensed Conveyancer that understands the nuances for your conveyancing in Torfaen. As opposed to estate agents and many comparison sites we do not operate kick-back deals with solicitors. Some agents and online brokers 'recommend' solicitors who pay the most commission, rather than the best value conveyancing in Torfaen
Back In 2004, I bought a leasehold flat in Torfaen. Conveyancing and Leeds Building Society mortgage organised. A letter has just been received from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1991. The conveyancing practitioner in Torfaen who previously acted has long since retired. Do I pay?
First contact the Land Registry to be sure that the individual claiming to own the freehold is indeed the new freeholder. It is not necessary to incur the fees of a Torfaen conveyancing solicitor to do this as you can do this on the Land Registry website for a few pound. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I bought a 1st floor flat in Torfaen, conveyancing formalities finalised 9 years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Torfaen with a long lease are worth £211,000. The ground rent is £50 invoiced annually. The lease finishes on 21st October 2093
With 68 years remaining on your lease the likely cost is going to range between £9,500 and £11,000 as well as legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.
My partner and I have had DIP from The Royal Bank of Scotland who have advised that they will lend up to £400k. At what point do we need to instruct a practitioner for conveyancing? Torfaen is where we are .
It would be wise to instruct a solicitor now so that the conveyancer can open the file so they can commence their ID checks etc. As and when you wish them to start work they will seek a deposit normally about £225. That would generally be once you have the mortgage offer and valuation back, nevertheless if you wish to expedite matters you can start quicker even though you may be risking some money.