I purchased a freehold house in Conwy yet pay rent, why is this and what is this?

It’s unusual for properties in Conwy and has limited impact for conveyancing in Conwy 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 new 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.

There are a variety of conveyancing solicitors in Conwy but how do I know who I should use?

Do not opt for the cheapest Conwy conveyancing costs illustration. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.

is it true that all Conwy conveyancing solicitors on the Bank of Ireland conveyancing panel are overseen by the Solicitors Regulatory Authority?

As a firm of solicitors, in order to be on the Bank of Ireland approved list of solicitors they would need to be governed by the Solicitors Regulatory Authority. Many mortgage companies do allow licenced conveyancers on their panel and in such a situation the firms would be overseen by the CLC.

Completion of my remortgage has taken place for my property in Conwy. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How do I make a complaint?

All banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. Ordinarily complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.

Have purchased a a terraced house in Conwy , What is the estimated time for the Land Registry to record the transfer to my name? My Conwy conveyancing solicitor has been painfully slow, so I want to be sure that my ownership is recorded.

There is nothing unique when it comes to conveyancing in Conwy registration formalities. Rather than based on location, timescales can adjust depending on the party submitting the application, whether it is in order and if the Land registry communicate with any 3rd persons or bodies. As of today approximately three quarters of submission are fully addressed in less than three weeks but occasionally there can be extensive delays. Historically registration occurs after the new owner has moved in to the premises thus 'speed' is not always primary concern but if there is a degree of urgency associated with the registration then you or your lawyers can speak with the land registry and explain the circumstances.

Is it possible to transfer to a new conveyancer as I have to instruct one who is on the Bank of Ireland conveyancing list. I hired a family conveyancing solicitor in Conwy five minutes from me but he is not accepted by Bank of Ireland

We will our best to assist in finding you a conveyancing solicitor in Conwy on the Bank of Ireland panel. Please note that the conveyancers that we on the directory do not pay us commission if you instruct them and are under regulation of the SRA who oversee all conveyancing solicitors in Conwy. Using the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Conwy.

Planning to sign contracts shortly on a studio apartment in Conwy. Conveyancing lawyers assured me that they are sending me a report on Monday. What should I be looking out for?

Your report on title for your leasehold conveyancing in Conwy should include some of the following:

Who has the liability for maintaining the window frames Are you allowed to have a pet in the flat? What options are open to you if an adjoining owner breaches a clause of their lease? The landlord’s rights to access the flat. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided.

Conwy Leasehold Conveyancing - Examples of Questions you should ask Prior to buying

This information is important as a) areas could cause problems in the building as the communal areas may start to deteriorate if services remain unpaid b) if the leasehold owners have an issue with the managing agents you will wish to know about it How long is the Lease? Are there any major works on the horizon that could increase the maintenance charges?