How do I identify freehold conveyancing in Ogmore Vale?
Option 1 is to ask the people you trust who they would recommend.
Second, search the internet for conveyancing in Ogmore Vale. Phone a couple or more firms listed and request that they email you their conveyancing quote and speak to the lawyer who will oversee your conveyancing in advance ofcommitting.
Option 3 is to make use of our search tool to assist you in finding the right lawyers for you based on your own factors including location,deadlines, complications and who your intended lender is. Resist the temptation to go for £99 conveyancing in Ogmore Vale
We are a couple about to sign contracts for a garden flat in Ogmore Vale. We have hit a stumbling block. The mortgage offer with Platform Home Loans Ltd expires on 16/2/2026 but the owners are suggesting a completion date of 18/2/2026. Is it possible to extend the mortgage offer?
The best person to deal with your question is your conveyancer who will hopefully assess if he or she is better off negotiating with the mortgage company, seller’s representatives, selling agents or possibly all parties taking into account the history of your transaction to date.
I purchased a freehold premises in Ogmore Vale but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Ogmore Vale and has limited impact for conveyancing in Ogmore Vale 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 have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
I have an AIP. The lender mentioned the home loan came with free conveyancing. Does this mean I have to appoint their panel lawyer as I would much rather appoint a local conveyancing solicitor in Ogmore Vale?
Do check but the the likelihood is that give you one of their panel solicitors where you accept the "fee-free" offer. Call the lender and explore if they allow a cash alternative. In the past a few mortgage companies offered a £250 cashback as a further option in which case that money can go towards your preferred conveyancing solicitor in Ogmore Vale.
In my capacity as executor for the estate of my grandmother I am disposing of a property in Swansea but I am based in Ogmore Vale. My solicitor (based 260 kilometers awayneeds me to sign a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing solicitor in Ogmore Vale who can witness this legal document for me?
strictly speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will suffice regardless of whether they are based in Ogmore Vale
I am employed by a busy estate agency in Ogmore Vale where we have experienced a few leasehold sales put at risk due to leases having less than 80 years remaining. I have been given inconsistent advice from local Ogmore Vale conveyancing solicitors. Could you confirm whether the owner of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I am the registered owner of a 1 bedroom flat in Ogmore Vale, conveyancing formalities finalised in 2000. Can you work out an approximate cost of a lease extension? Equivalent flats in Ogmore Vale with a long lease are worth £265,000. The average or mid-range amount of ground rent is £50 yearly. The lease expires on 21st October 2100
With just 75 years left to run we estimate the premium for your lease extension to be between £8,600 and £9,800 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.