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Recently asked questions about conveyancing in Tenby

I chose a local solicitor for our conveyancing in Tenby today. After carefully reading the official terms of business I notewe are liable for costs even where the transaction does not complete. Should I ditch them and use a web based conveyancing company who offer no completion no charge conveyancing in Tenby?

Generally there is a concession along the lines that if "No Sale No Fee" is advertised then the fee levels will tend to be be more expensive to cover the cases that fail to complete. Dont forget that such offerings generally do not protect you from expenses for example Tenby conveyancing search expenses.

Due to the advice of my in-laws I had a survey completed on a property in Tenby ahead of instructing conveyancers. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some lenders will refuse to grant a mortgage on such a property.

It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to call us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Tenby. Conveyancing will be smoother if you use a solicitor in Tenby especially if they regularly deal with such properties in Tenby.

How does the Landlord & Tenant Act 1954 impact my business property in Tenby and how can your lawyers assist?

The particular law that you refer to gives protection to commercial leaseholders, giving them the legal entitlement to make a request to court for a renewal tenancy and remain in occupation at the end of an expired lease. There are limited grounds that a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and assist with commercial conveyancing in Tenby

Completion is due on the sale of our £425,000 maisonette in Tenby next Wednesday. The management company has quoted £312 for Certificate of Compliance, building insurance schedule and previous years statements of service charge. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Tenby?

For the majority of leasehold sales in Tenby conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :

    Addressing pre-exchange questions Where consent is required before sale in Tenby Copies of the building insurance and schedule Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale
Your solicitor will have no control over the level of the charges for this information but the average costs for the information for Tenby leasehold property is £350. For Tenby conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are required to supply answers.

I acquired a 1st floor flat in Tenby, conveyancing having been completed December 2008. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Tenby with over 90 years remaining are worth £181,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease ceases on 21st October 2076

With 51 years unexpired the likely cost is going to range between £30,400 and £35,200 as well as costs.

The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.

It has taken forever and a day but a loan offer from a lender for the refinancing of my 2 bedroom maisonette is to be issued by the end of next week. Are you able to suggest a cheap remortgage conveyancing lawyer in Tenby ?

This site is not designed to help in pursuit of a cheap conveyancing solicitors in Tenby. We can offer you value for money conveyancing but we do not advertise as being the cheapest. Resist the temptation to appoint companies offering £99 conveyancing in Tenby.In your best case scenario, in going for cheap conveyancing, you will end up with what you pay for and at worst you will end up invoiced for extras and still not get the service expected.

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Tenby

Find out more about how flying freehold can affect your the value of a property.