Do I need to take out insurance to address the risk of chancel repairs when purchasing a property in Bridgend?
Unless a previous purchase of the premises completed after 12 October 2013 you may assume that lawyers carrying out conveyancing in Bridgend to continue to propose a a chancel search and or insurance against a claim.
I have been on the look out for a leasehold apartment up to £305k and identified one near me in Bridgend I like with open areas and transport links in the vicinity, the downside is that it's only got 51 years on the lease. I can't really find anything else in Bridgend for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a mortgage that many years will be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
I am looking to sell my property. My past conveyancers closed down. It would be helpful to have a recommendation of a conveyancing firm. Im based in Bridgend if that makes a difference.
Please use our search tool to help you choose a solicitor for your conveyancing in Bridgend. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
We expect to complete the disposal of our £200,000 apartment in Bridgend in just under a week. The management company has quoted £336 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Bridgend?
For the majority of leasehold sales in Bridgend conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
Completing pre-exchange enquiries
Where consent is required before sale in Bridgend
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I am the registered owner of a studio flat in Bridgend, conveyancing was carried out in 2002. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Bridgend with an extended lease are worth £211,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease ends on 21st October 2088
With 67 years left to run we estimate the price of your lease extension to span between £10,500 and £12,000 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more comprehensive 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 move forward placing reliance on this information before getting professional advice.
Me and my wife are buying a leasehold apartment in Bridgend. Conveyancing estimates are coming in at around £1800. Is that in the right ballpark?
The average cost in 2014 for conveyancing in Bridgend was £1,500 excluding SDLT and HM Land Registry charges.