We were about to instruct a conveyancing solicitor in Neath found by you but stumbled across some other estimates on the internet look less pricey – how come?
There are hundreds of conveyancers offering theoretically looks to be very low prices. We would encourage you to think long and hard about how important this transaction is to you that want to be penny wise pound foolish with regard to the standard of the legal work. Many of them list a bargain fee as a headline but hide additional charges in the fine print..
My fiancee and I are buying our first house. Our lawyer has calledto see if we want to order additional conveyancing searches. We are really unsure what's recommended for conveyancing in Neath
The scope of Neath conveyancing searches should be dictated primarily on the property, the location, the likelihood of any of these risks, your familiarity of the locality and risks, your overall approach to risk. What matters is that you properly understand what information the searches could supply. You may then make a decision if you consider that you need that information. Where you are unsure, ask the solicitor to explain.
Is there a search tool that I can utilise to discover of the solicitor carrying out my conveyancing in Neath is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Barclays Direct thus spending £175.00 in further conveyancing charges.
Please do take advantage of the search tool on this page. Please choose the mortgage company and type ‘Neath’ or your location and you will be presented with a number of lawyer located in Neath or near you.
2 months have elapsed following my purchase conveyancing in Neath took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. 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 residence 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.
I have been advised by a few estate agents in Neath to locate a property lawyer on your site. Is there a financial upside for Estate Agents to offer your lawyers over alternative conveyancing organisations?
We don’t give any commission for pointing buyers and sellers to this site. We found it would be just too difficult to pay a commission because home movers will think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am looking at a couple of maisonettes in Neath which have approximately 50 years unexpired on the lease term. should I be concerned?
There are no two ways about it. A leasehold apartment in Neath is a deteriorating asset as a result of the shortening lease. The closer the lease gets to its expiry date, the more it reduces the value of the premises. For most buyers and banks, leases with under eighty years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Neath conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I am the registered owner of a basement flat in Neath, conveyancing formalities finalised in 2012. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar properties in Neath with a long lease are worth £195,000. The ground rent is £45 charged once a year. The lease expires on 21st October 2089
With only 63 years left to run we estimate the price of your lease extension to range between £16,200 and £18,600 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.