I am the registered owner of a freehold residence in Pantymwyn but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Pantymwyn and has limited impact for conveyancing in Pantymwyn 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 generation of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
Do commercial conveyancing searches disclose impending roadworks that may affect a commercial premises in Pantymwyn?
Its becoming the norm that commercial conveyancing solicitors in Pantymwyn will perform a SiteSolutions Highways report as it reduces the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Pantymwyn. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Pantymwyn.
For every commercial conveyancing transaction in Pantymwyn it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can cause delays to Pantymwyn commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Pantymwyn.
I completed on my house on 14 August and the transaction details is yet to be registered. Should I be concerned? My conveyancing solicitor in Pantymwyn expressed confidence that it should be recorded inside ten days. Are properties in Pantymwyn particularly slow to register?
There is nothing unique when it comes to conveyancing in Pantymwyn registration formalities. Rather than based on location, timescales can adjust depending on the party submitting the application, whether it is in order and whether the Land registry communicate with any interested persons or bodies. Currently roughly three quarters of submission are fully addressed within 12 days but occasionally there can be longer delays. Historically registration occurs once the buyer has moved in to the premises therefore 'speed' is not typically an essential issue but where there is a degree of urgency associated with the registration then you or your conveyancer should communicate with the Registry to express the reasoning for the application to be prioritised.
Due to the input of my in-laws I had a survey completed on a house in Pantymwyn prior to appointing lawyers. I have been advised that there is a flying freehold aspect to the house. My surveyor advised that some mortgage companies will not give a mortgage on this type of property.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Halifax. Should you wish to call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Pantymwyn. Conveyancing may be slightly more expensive based on your lender's requirements.
I have been sourcing a conveyancing lawyer in Pantymwyn for my remortgage. Can I see a solicitor's record with the legal regulator?
Members of the public may read documented Solicitor Regulator Association (SRA) decisions resulting from inquisitions started on or after 1 January 2008. Go to Check a solicitor's record. For details Pre 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The SRA sometimes recorded call for training reasons.
If all goes to plan we aim to complete our sale of a £175,000 maisonette in Pantymwyn in just under a week. The landlords agents has quoted £372 for Certificate of Compliance, insurance certificate and previous years service charge statements. Is the landlord entitled to charge such fees for a leasehold conveyance in Pantymwyn?
Pantymwyn conveyancing on leasehold apartments ordinarily involves administration charges levied by landlords agents :
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Addressing pre-exchange questions
Where consent is required before sale in Pantymwyn
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I invested in buying a 1 bedroom flat in Pantymwyn, conveyancing formalities finalised 4 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Pantymwyn with an extended lease are worth £202,000. The ground rent is £60 charged once a year. The lease expires on 21st October 2081
With just 56 years left to run the likely cost is going to span between £29,500 and £34,000 plus professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.