AssumingI was to acquire a freehold housein Rudry for cash and have no survey and no conveyancing searches how much would I expect to have to pay for conveyancing in Rudry?
The sole reduction in fees you would make on is the disbursement for searches. Your conveyancing practitioner is obliged to do the vast majority of work - money laundering, communicating with the vendors property lawyer, stamp duty submission, register the ownership etc. You might save a bit for them not needing to register a charge however it will not be a lot.
I had intended to instruct a conveyancing solicitor in Rudry for our house move. Our financial adviser informed us that our mortgage lenders Virgin Money won't deal with them. Why is this not regarded as unduly restrictive?
Lenders ordinarily restrict either the category or the number of conveyancing solicitors on their approved list of lawyers. A common example of such criteria being that a firm must not be a sole practitioner. As well as restricting the profile of firm, some have decided to limit the amount of solicitor practices they allow to represent them. Be aware that Virgin Money have no responsibility for the quality of advice provided by any member of Virgin Money Conveyancer Panel. Mortgage fraud was a key driver in the reduction of conveyancing panels since 2008 even though there are mixed opinions regarding the extent of solicitor engagement in some of that fraud. Data from the Land Registry reveal that hundreds of law firms, including some in or near Rudry only execute one or two conveyances a year.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Rudry?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Rudry. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the encouragement of my in-laws I had a survey completed on a house in Rudry prior to instructing conveyancers. I have been informed that there is a flying freehold aspect to the house. My surveyor has said that some mortgage companies will refuse to issue a mortgage on a flying freehold home.
It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. Should you wish to telephone us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Rudry. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Rudry to see if the conveyancing will be more expensive.
What does commercial conveyancing in Rudry cover?
Rudry conveyancing for business premises incorporates a wide array of advice, supplied by regulated solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.