Would the conveyancing solicitors via your comparison service carry out conveyancing in Colwyn Bay by way of an attended exchange?
We do have a number of conveyancing experts carrying out one day exchanges. Please call us to get a costs illustration and details as to dates.
I purchased a freehold premises in Colwyn Bay but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Colwyn Bay and has limited impact for conveyancing in Colwyn Bay 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 creation of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
I'm buying a new build house in Colwyn Bay with a mortgage from Bank of Ireland. The builders would not move on the amount so I negotiated £7000 of additionals instead. The house builders rep advised me not disclose to my conveyancer about the deal as it could jeopardize my loan with Bank of Ireland. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
What does commercial conveyancing in Colwyn Bay cover?
Colwyn Bay conveyancing for business premises incorporates a wide array of advice, provided by qualified solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
In my capacity as executor for the will of my aunt I am selling a property in Monmouth but live in Colwyn Bay. My solicitor (who is 260 miles awayrequires that I execute a statutory declaration before the transaction finalising. Could you suggest a conveyancing lawyer in Colwyn Bay who can attest and place their company stamp on the document?
strictly speaking you should not be required to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are Colwyn Bay based
I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a reasonable price which is making it all the more appealing. I have subsequently discovered that it's a leasehold as opposed to freehold. I am assuming that there are particular concerns purchasing a leasehold house in Colwyn Bay. Conveyancing lawyers have not yet been appointed. Will they explain the issues?
Most houses in Colwyn Bay are freehold rather than leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can help the conveyancing process. it is apparent that you are purchasing in Colwyn Bay so you should seriously consider shopping around for a Colwyn Bay conveyancing solicitor and be sure that they have experience in advising on leasehold houses. First you will need to check the unexpired lease term. Being a leaseholder you will not be at liberty to do whatever you want with the house. The lease comes with conditions such as obtaining the freeholder’sconsent to conduct alterations. You may also be required to pay a contribution towards the upkeep of the estate where the house is located on an estate. Your conveyancer should advise you fully on all the issues.
I own a basement flat in Colwyn Bay, conveyancing formalities finalised in 2001. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Colwyn Bay with over 90 years remaining are worth £192,000. The average or mid-range amount of ground rent is £55 yearly. The lease comes to an end on 21st October 2076
With 54 years left to run the likely cost is going to span between £32,300 and £37,400 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.