I purchased a freehold residence in Dinas Powys but nevertheless charged rent, why is this and what is this?

It is rare for properties in Dinas Powys and has limited impact for conveyancing in Dinas Powys 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 date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.

Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.

I require expedited conveyancing in Dinas Powys as I am faced with pressure to complete in less than 4 weeks. Thankfully I do not need a mortgage. Can I decline from having conveyancing searches to save fees and time?

As you are are a cash purchaser you are at free not to have searches conducted although no conveyancer would advise that you don't. With lots of history conveyancing in Dinas Powys the following are examples of issues that can show up and adversely affect future saleability: Refused Planning Applications, Overdue Charges, Outstanding Grants, Railway Schemes,...

Despite weeks of looking the Title Certificate and documents to my house can not be found. The solicitors who conducted the conveyancing in Dinas Powys 4 years ago are no longer around. What are my options?

You no longer need to have the physical original deeds to establish that you are the owner of your registered land or premises, given that the Land Registry have everything they need in a digital format.

Estate agents have just been given the go-ahead to market my garden flat in Dinas Powys. Conveyancing lawyers have not yet been instructed, however I have just received a half-yearly service charge demand – what should I do?

The sensible thing to do is clear the maintenance contribution as normal given that all rents and service charges should be allotted on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.

Leasehold Conveyancing in Dinas Powys - Examples of Questions you should consider before buying

The answer will be helpful as a) areas may result in problems in the building as the common areas may start to deteriorate where repairs remain unpaid b) if the leaseholders have a dispute with the managing agents you will want to have full disclosure Is anyone aware of any major works on the horizon that will likely increase the service costs? For most Dinas Powys leaseholds the cost for major works are not included within service charges, albeit that some managing agents in Dinas Powys ask leasehold owners to contribute towards a sinking fund and this is used to offset against major repairs or maintenance.

My brother is buying a leasehold flat in Dinas Powys. He was given a quote by the property lawyer connected to the estate agents and it came to £1385 . It was eight years ago I sold and bought a house and the fee was £440. Have costs really gone up that much?

What does the conveyancing estimate include? Is it just for the legal fees, or what you will be paying in total (for example Dinas Powys searches, land registry fees, etc)