What is the first thing I need to know concerning purchase conveyancing in Church Village?
Not many law firms shout this from the rooftops but conveyancing in Church Village or throughout Rhondda Cynon Taff is an adversarial experience. Put another way, when it comes to conveyancing there exists lots of room for conflict between you and other parties involved in the transaction. For instance, the seller, property agent and even potentially a lender. Choosing a lawyer for your conveyancing in Church Village is a critical decision as your conveyancer is your adviser, and is the SOLE person in the legal process whose responsibility is to look after your legal interests and to keep you safe.
There is a distinct increase in the "blame" culture- someone must be blamed for the process taking so long. We recommend that you your first instinct should be to trust your solicitor ahead of the other parties in the home moving process.
I am about to put an offer on a leasehold property in Church Village. The property agents advise that it is the norm for flats in Church Village to have less than 75 years unexpired on the lease. I am obtaining a mortgage with Platform. Will the property be mortgageable given that the lease has 69 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 20/3/2024 the requirements read as follows :
I need some quick conveyancing in Church Village as I am under an ultimatum to exchange contracts within 4 weeks. A home loan is not required. Can I decline from having conveyancing searches to save fees and time?
As you are are a cash purchaser you have the choice not to have searches carried out although no lawyer would advise that you don't. With plenty of history conveyancing in Church Village the following are instances of issues that can be revealed and therefore impact future mortgageability: Enforcement Notices, Overdue Charges, Overdue Grants, Railway Schemes,...
My wife and I have a terraced Victorian house in Church Village. Conveyancing lawyer acted for me and Virgin Money. I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold with the exact same address. Is it worth asking Virgin Money to clarify?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Church Village and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with your conveyancing lawyer who carried out the work.
I am buying a new build house in Church Village with a mortgage from Bank of Ireland. The developers refused to move on the amount so I negotiated £7000 of extras instead. The house builders rep suggested that I not reveal to my lawyer about the deal as it would put at risk my mortgage with the bank. Do I keep my lawyer in the dark?.
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.
Due to the advice of my in-laws I had a survey completed on a house in Church Village in advance of retaining conveyancers. I have been advised that there is a flying freehold element to the house. My surveyor has said that some lenders will refuse to grant a mortgage on such a home.
It varies from the lender to lender. Lloyds has different requirements from Halifax. If you call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Church Village. Conveyancing will be smoother if you use a solicitor in Church Village especially if they are familiar with such properties in Church Village.