I am need of leasehold conveyancing for a flat in a fairly new development (seven years built) in Treuddyn. The vast majority the appartments are already disposed of. Do I need carry out the conveyancing searches as part of conveyancing in Treuddyn?
If you are purchasing a property with the assistance of a loan, your mortgage company will insist on some (many) of the searches so you'll have no choice. If not, then Treuddyn conveyancing searches are optional. No doubt your conveyancer, will ’encourage’, perhaps strongly, that you should have the searches done, but he or she has a professional duty to do this. One thing to bear in mind; if you are likely to sell the house one day, it may be of interest to your future buyer what the searches contain. Sometimes houses with no practical issues can still throw up adverse search results. But if you choose to instruct your lawyer to proceed without searches then your lawyer will have to follow your instructions or ask you to appoint a different lawyer for your conveyancing in Treuddyn.
It is 10 years ago since I bought my house in Treuddyn. Conveyancing solicitors have recently been appointed on the sale but I am unable to locate the title documents. Will this cause complications?
You need not be too concerned. Firstly the deeds may be retained by your mortgage company or they could be in the possession of the conveyancers who handled the purchase. Secondly the likelihood is that the land will be registered at the land registry and you will be able to establish that you own the property by your conveyancing lawyers obtaining current official copies of the land registers. Nearly all conveyancing in Treuddyn involves registered property but in the rare situation where your property is unregistered it adds to the complexity but is resolvable.
Are there restrictive covenants that are commonly identified during conveyancing in Treuddyn?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Treuddyn. 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…’
I have been on the look out for a ground for flat up to £235,500 and identified one near me in Treuddyn I like with amenity areas and transport links in the vicinity, the downside is that it only has 52 years on the lease. There is not much else in Treuddyn in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will likely be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you may ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
I am looking to sell my home. My previous conveyancers has retired. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Treuddyn if that affects matters.
Please use our search tool to help you find a solicitor for your conveyancing in Treuddyn. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.
Our conveyancer has advised that he intends to complete and exchange simultaneously on our sale of a £225,000 apartment in Treuddyn next Thursday. The landlords agents has quoted £408 for Certificate of Compliance, insurance certificate and 3 years statements of service charge. Is the landlord entitled to charge exorbitant fees for a flat conveyance in Treuddyn?
Treuddyn conveyancing on leasehold maisonettes normally involves the purchaser’s conveyancer sending enquiries for the landlord to answer. Although the landlord is not legally bound to address such questions the majority will be willing to do so. They are at liberty to invoice a reasonable charge for responding to questions or supplying documentation. There is no upper cap for such fees. The average fee for the paperwork that you are referring to is £350, in some cases it exceeds £800. The administration charge invoiced by the landlord must be accompanied by a summary of rights and obligations in relation to administration fees, otherwise the charge is not strictly payable. In reality one has little option but to pay whatever is demanded should you wish to complete the sale of your home.
I own a 1 bedroom flat in Treuddyn, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Treuddyn with a long lease are worth £175,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease terminates on 21st October 2084
With just 58 years left to run we estimate the premium for your lease extension to be between £23,800 and £27,400 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. 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 take any other action based on this information before seeking the advice of a professional.