My friend's sister is a solicitor. I am hopeful that I will receive mate’s fee for conveyancing, but if not, what kind of figure should I be expecting for conveyancing in Hay On Wye?

You should compare pricing. Make use of our comparison tool on this site. You will notice that prices do vary but the service one can expect differ between conveyancers as is true with the vast majority of professional services.

I am the registered owner of a freehold residence in Hay On Wye but still charged rent, why is this and what is this?

It is rare for properties in Hay On Wye and has limited impact for conveyancing in Hay On Wye 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 creation of new rentcharges from 1977 onwards.

Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.

I have been advised by my conveyancer that lack of right of way insurance is needed on my purchase. What is the level of cover for Hay On Wye conveyancing?

The appropriate level of lack of right of way indemnity insurance should be dictated by who your lender. It would differ for example between HSBC Bank and Bank of Scotland. Conveyancing solicitors as opposed to borrowers take out such policies.

Last month we had a mortgage agreed in principle with Aldermore. Hay On Wye conveyancing practitioners were instructed. What is the average time that one could expect to receive a mortgage offer from Aldermore?

Some lenders take longer than others. Have Aldermore completed the survey? Have you informed Aldermore as to your lawyers' details and checked that your lawyers are on the Aldermore conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.

It is unclear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Hay On Wye building society branch on various occasions and was advised it wasn't a problem and they would lend. My Hay On Wye conveyancing solicitor - who is on the bank conveyancing panel- called and was told they will not lend in accordance with their specific requirements. Who do I believe?

The conveyancer must comply with the CML Handbook section two provisions for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.

Do you have any top tips for leasehold conveyancing in Hay On Wye from the point of view of expediting the sale process?

• Much of the delay in leasehold conveyancing in Hay On Wye can be avoided if you instruct lawyers the minute you market your property and request that they start to put together the leasehold documentation needed by the purchasers’ conveyancers.
You believe that you know the number of years left on your lease but you should double-check via your lawyers. A purchaser's conveyancer will be unlikely to recommend their client to to exchange contracts if the lease term is less than 80 years. It is therefore essential at an early stage that you identify whether the lease term requires a lease extension. If it does, contact your solicitors before you put your premises on the market for sale. Many landlords or Management Companies in Hay On Wye levy fees for supplying management packs for a leasehold premises. You or your lawyers should enquire as to the fee that they propose to charge. The management pack can be applied for as soon as you have a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most common cause of frustration in leasehold conveyancing in Hay On Wye. If you have had conflict with your landlord or managing agents it is essential that these are resolved before the property is marketed. The buyers and their solicitors will be reluctant to purchase a flat where a dispute is unsettled. You will have to accept that you will have to pay any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the buyers, but it is clearly preferable to present the dispute as historic as opposed to unsettled.

Leasehold Conveyancing in Hay On Wye - A selection of Questions you should ask Prior to Purchasing

What is the length of the lease? Most Hay On Wye leasehold apartments will be liable to pay a service bill for maintenance of the building invoiced on behalf of the management company. If you purchase the property you will have to pay this amount, normally periodically during the year. This could be anything from a few hundred pounds to thousands of pounds for large purpose-built buildings. In all probability there will be a rentcharge to be met yearly, this is usually not a large amount, say about £25-£75 but you need to enquire as on occasion it could be many hundreds of pounds.

Is it possible for you to suggest a property lawyer for buying a bungalow? Ideally someone in Hay On Wye, who will contact me via email - not someone who insists on a letter in the post or fax.

The purpose of this site is restricted to being a directory service for conveyancing practitioners who want to be listed as being on the approved conveyancing panel for Clydesdale in certain areas for instance Hay On Wye . Our intention is not to recommend any particular lawyer.