It is 10 years ago since I acquired my house in Bala. Conveyancing solicitors have now been appointed on the sale but I am unable to track down my title deeds. Will this cause complications?
You need not be too concerned. Firstly there is a chance that the deeds will be with your mortgage company or they could stored with the conveyancers who oversaw the purchase. Secondly the chances are that the title will be registered at the land registry and you will be able to prove you own the property by your conveyancing solicitors acquiring current official copies of the land registers. The vast majority of conveyancing in Bala involves registered property but in the unlikely event that your property is unregistered it adds to the complexity but is resolvable.
We are buying a property in Bala. I might seem paranoid but how we can trust a lawyer? On completion day we have to deposit funds into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
How can we know in advance if a Bala conveyancing solicitor on the Principality panel is any good?
When it comes to conveyancing in Bala getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the solicitor carrying out your conveyancing.
We expect to receive a OIP from Principality this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Principality recommend any Bala solicitors on the Principality conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Bala solicitors independently although you'll need to choose one on the Principality conveyancing panel. The solicitor represents both you and Principality through the process.
My partner and I are close to exchanging contracts on the sale of our home in Bala and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A high street Bala lawyer would know that there is no such problem. For the life of me I don't know why the buyers used a factory type conveyancing practice rather than a conveyancing solicitor in Bala. We have lived in Bala for 4 years we know of no issue. Should we get in touch with our local Authority to seek clarification that the buyers are looking for.
It would appear that you have a conveyancing solicitor currently acting for you. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
How does conveyancing in Bala differ for new build properties?
Most buyers of new build premises in Bala approach us having been asked by the builder to sign contracts and commit to the purchase even before the property is completed. This is because new home sellers in Bala usually acquire 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 used to new build conveyancing in Bala or who has acted in the same development.
I opted to have a survey completed on a house in Bala in advance of appointing lawyers. I have been informed that there is a flying freehold overhang to the house. The surveyor has said that some lenders may not grant a loan on this type of property.
It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. If you e-mail us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Bala. Conveyancing will be smoother if you use a solicitor in Bala especially if they are accustomed to such properties in Bala.
I have recently realised that I have 68 years unexpired on my lease in Bala. I need to extend my lease but my landlord is missing. What should I do?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. You will be obliged to demonstrate that you have done all that could be expected to locate the lessor. In some cases an enquiry agent may be useful to conduct investigations and to produce a report which can be used as evidence that the landlord can not be located. It is advisable to get professional help from a property lawyer both on investigating the landlord’s absence and the vesting order request to the County Court overseeing Bala.
Bala Leasehold Conveyancing - Examples of Questions you should ask Prior to Purchasing
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The prefered form of lease structure is a share of the freehold. In this scenario the leaseholders enjoy being in charge if their destiny and although a managing agent is often employed if the building is larger than a house conversion, the managing agent retained by the leaseholders. How is the lease structured? Many Bala leasehold flats will be liable to pay a service charge for maintenance of the block set by the management company. Where you buy the flat you will have to pay this liability, usually in instalments during the year. This can be anything from several hundred pounds to thousands of pounds for buildings with lifts and large communal areas. There will also be a rentcharge for you to pay annual, this is usually not a exorbitant figure, say around £50-£100 but you should to check as occasionally it could be many hundreds of pounds.