It has been four months since my purchase conveyancing in Pembrokeshire concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Pembrokeshire differ for newly converted properties?
Most buyers of new build premises in Pembrokeshire come to us having been asked by the builder to sign contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Pembrokeshire usually acquire the land, 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 conveyancers 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 Pembrokeshire or who has acted in the same development.
I'm refinancing my primary property to a buy to let mortgage with and I will use the rest of the raised equity as a deposit on further property. The area we are talking about is Pembrokeshire. Will your conveyancers be able to act for the two banks and tie in the conveyances?
Do use our search tool on this page to ensure that the lawyers are on the relevant lender panels. On the basis that they are the lawyer will be able to tie up the two deals but you should have a chat with you solicitor and make clear your expectations and needs.
In my capacity as executor for the will of my father I am disposing of a residence in Monmouth but live in Pembrokeshire. My conveyancer (approximately 300 kilometers from mehas requested that I sign a stat dec prior to completion. Could you suggest a conveyancing practitioner in Pembrokeshire who can attest this legal document for me?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are based in Pembrokeshire
My wife and I purchased a leasehold house in Pembrokeshire. Conveyancing and mortgage went though with no issue. A letter has just been received from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1993. The conveyancing solicitor in Pembrokeshire who previously acted has now retired. Do I pay?
The first thing you should do is make enquiries of HMLR to make sure that the individual claiming to own the freehold is in fact the new freeholder. It is not necessary to instruct a Pembrokeshire conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I bought a 1 bedroom flat in Pembrokeshire, conveyancing having been completed in 1995. Can you work out an approximate cost of a lease extension? Similar properties in Pembrokeshire with a long lease are worth £165,000. The ground rent is £45 invoiced every year. The lease ceases on 21st October 50
You have 50 years left to run the likely cost is going to be between £36,100 and £41,800 as well as professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.