Recently been in touch with my conveyancing lawyer in Pentyrch who acted for me two years ago and wanted a conveyancing costs illustration based on the same type of home move (a leasehold premises and a freehold property) of similar values with a loan from . It looks as though am now being quoted twice the amount. Am I right to be tempted to shop around for a cheaper internet property lawyer?

The estimate does seem a little steep. If you are content to spend time comparing costs you could get the conveyancing a bit cheaper by perhaps £100 plus VAT. On the other hand, assuming were pleased with the service the firm gave you mightcome to regret opting for an an untested lawyer. If is important to enquire the conveyancer can represent . You can use our search tool to find a Pentyrch conveyancing firm on the approved list of lawyers, which can often include conveyancing solicitors in Pentyrch.

At what point can the exchange of contracts take place for residential conveyancing in Pentyrch and am I required to be at the conveyancers branch?

Where you are local to one of the conveyancing solicitors in Pentyrch you are invited in to sign documents. However, the firms we work with offer countrywide coverage for conveyancing and give as equally comprehensive and professional a job for you when communicating with you electronically. The signing of the sale agreement is not when everything is set in stone. A signed contract simply enables the solicitor to address the formalities at the suitable time, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Pentyrch)to be in the office at the appropriate time.

Is it possible to transfer to a new firm as I need to find a firm on the conveyancing panel. I instructed a local conveyancing solicitor in Pentyrch round the corner but he is not accepted by

We will our best to assist in finding you a conveyancing solicitor in Pentyrch on the panel. Please note that the property lawyers that we on the directory do not pay us fee if you instruct them and are registered with the Solicitors Regulation Authority who regulate all conveyancing solicitors in Pentyrch. Using the find a conveyancing solicitor tool on this site, you can contrast charges for conveyancing solicitors in Pentyrch and throughout England and Wales.

I am the registered owner of a basement flat in Pentyrch, conveyancing having been completed 3 years ago. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Pentyrch with a long lease are worth £165,000. The ground rent is £45 charged once a year. The lease finishes on 21st October 50

With 50 years remaining on your lease the likely cost is going to span between £36,100 and £41,800 plus legals.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.

I own a leasehold flat in Pentyrch. Conveyancing was finished in five years ago. I have read on various advice forums that I mustn’t allow the the remaining lease term to get too short. Why is that a problem?

Pentyrch leasehold properties are for a set period - usually ninety nine years when they commenced. However a significant appartments in Pentyrch were constructed or converted 35 or more years ago and so such leases now have fewer than eighty years remaining. This may sound like a long time however Banks, Building Societies and other mortgage companies generally require leases to have at least 75 years unexpired to be mortgageable. Accordingly when you come to sell the property you will need to extend the term of your lease if you are nearing seventy five years. To increase the saleability of your property you should be thinking about whether or not to extend your lease long before you come to sell it. Furthermore advantages to taking action before the lease hits eighty years as when the lease falls below 80 years the premium to be paid to extend starts to increase.