Just contacted my conveyancing lawyer in Treforest who completed the legal work 18 months ago asking for a conveyancing estimate based on an identical type of house move (a leasehold residence and a freehold premises) of almost identical values with a mortgage from Nationwide Building Society. It looks as though am now being quoted double. Better the devil I know or do I seek out an alternative conveyancer?
The estimate does seem a tad overpriced. If you you were to look around you could trim some of the expense by as much as £125. That being said, assuming were happy with the conveyancing the firm gave you maylive to rue opting for an an unknown conveyancer. Remember to be sure the firm can act for Nationwide Building Society. Do use our search tool to locate a Treforest conveyancing firm on the Nationwide Building Society approved list of lawyers, which can often include conveyancing solicitors in Treforest.
I am the registered owner of a freehold house in Treforest but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Treforest and has limited impact for conveyancing in Treforest 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 have existed for hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
I have recentlybeen informed that Action Conveyancing have been shut down. They carried out my conveyancing in Treforest for a purchase of a leasehold flat 10 months ago. How can I be sure that my home is in my name in the name of the former proprietor?
The easiest way to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Treforest conveyancing specialists.
How does conveyancing in Treforest differ for new build properties?
Most buyers of new build or newly converted property in Treforest approach us having been asked by the developer to exchange contracts and commit to the purchase even before the house is constructed. This is because new home sellers in Treforest typically purchase 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 Treforest or who has acted in the same development.
The mortgage broker has recommended their solicitor for our conveyancing in Treforest - won’t it be better to just instruct them?
It is not always the case and you are entitled to instruct whichever conveyancing practitioner you prefer for your Treforest conveyancing. A conveyancer suggested by an estate agent may not necessarily be the best conveyancer, they may put forward their own conveyancing firm who are based remotely. In this instance you may not have contact with your lawyer and due to the lack of continuity in the transaction, it may be difficult to obtain progress reports.