I require expedited conveyancing in Cardiff as I have pressure to exchange contracts in less than 4 weeks. Thankfully I do not need a mortgage. Can I escape the need for conveyancing searches to save money and time?
If.Given you are not taking a mortgage you are at liberty not to do searches although no law firm would suggest that you don't. With plenty of history conveyancing in Cardiff the following are examples of issues that can crop up and adversely affect future mortgageability: Enforcement Actions, Overdue Charges, Outstanding Grants, Railway Schemes,...
2 months have gone by since my purchase conveyancing in Cardiff concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm purchasing my first flat in Cardiff with a loan from HSBC Bank. The builders refused to move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative told me not to tell my lawyer about this extras as it could affect my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I opted to have a survey completed on a property in Cardiff in advance of instructing lawyers. I have been told that there is a flying freehold element to the property. The surveyor advised that some banks may refuse to grant a mortgage on a flying freehold home.
It varies from the lender to lender. Lloyds has different requirements from Halifax. Should you wish to call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Cardiff. Conveyancing may be slightly more expensive based on your lender's requirements.
I have been recommended by a number of selling agents in Cardiff to locate a solicitor using your seach tool. Is there a financial advantage for Estate Agents to offer your site rather than another?
We refuse to give any financial incentive for pointing buyers and sellers to this site. We found it would be just too difficult a fee because a client could think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
I need to instruct a conveyancing solicitor for leasehold conveyancing in Cardiff. I've stumble upon a site which looks to be the ideal solution If it is possible to get all the legals completed via email that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?