I own a freehold property in Llandovery but still pay rent, why is this and what is this?

It’s unusual for properties in Llandovery and has limited impact for conveyancing in Llandovery 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 many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.

Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.

My husband and I are purchasing a newly converted apartment in Llandovery with a mortgage from Halifax.We would like to retain our Llandovery conveyancing practitioner but Halifax advised that his firm is not listed on their "panel". It seems we are left with no choice but to instruct a Halifax panel solicitor or retain our high street solicitor and fork out for a Halifax panel lawyer to represent them. We feel as though this is unjust; is there anything we can do?

No, not really. The loan issued to you contains various provisions, a common one being that solicitors needs to be on the Halifax solicitor panel. Until recently, most mortgage companies had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Halifax

How does conveyancing in Llandovery differ for new build properties?

Most buyers of new build premises in Llandovery come to us having been asked by the seller to exchange contracts and commit to the purchase even before the house is finished. This is because developers in Llandovery typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Llandovery or who has acted in the same development.

I am using a search engine for the term cheap conveyancing in Llandovery it reveals numerous conveyancersin the area. How do I determine which is the right conveyancer for the sale of my house?

The ideal way of seeking a suitable conveyancer is through a trusted referral, so seek the opinion of colleagues and those you trust who have acquired a property in Llandovery or the reputable estate agent or financial adviser. Costs for conveyancing in Llandovery vary, so it's a good idea to secure a minimum of four estimates from different law firms. Dont forget to clarify what costs in the quote includes.

What type of premises does your Llandovery conveyancing estimates apply to?

The quotes supplied are only applicable to standard residential property in England & Wales. Where you have any different needs such as industrial or agricultural property or commercial conveyancing in Llandovery please telephone us to address your requirements .