What is the first thing I need to know about purchase conveyancing in Crynant?
Not many law firms shout this from the rooftops but conveyancing in Crynant and elsewhere in Neath Port Talbot is an adversarial experience. In other words, when it comes to conveyancing there is plenty of opportunity for friction between you and others involved in the home moving process. For instance, the vendor, estate agent and on occasion your lender. Selecting a lawyer for your conveyancing in Crynant should not be taken lightly as your conveyancer is your adviser, and is the ONE party in the transaction whose role it is to look after your best interests and to keep you safe.
There is a definite emergence of a "blame" culture- someone must be blamed for the process being so protracted. You your first instinct should be to trust your conveyancer above the other players in the home moving process.
I am about to put an offer on a leasehold apartment in Crynant. The estate agents say that it is normal for flats in Crynant to have less than 75 years unexpired on the lease. I am taking out a loan with Virgin. Is this going to be a problem if the lease has 69 years left.
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. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 17/6/2025 the requirements read as follows :
When it comes to mortgage companies such as Aldermore, do Crynant lawyers incur an annual charge to be on the list of approved solicitors?
We are unaware of any lender fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
How can we tell if a Crynant conveyancing solicitor on the Lloyds panel is any good?
When it comes to conveyancing in Crynant obtaining 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 advocate that you speak with the solicitor handling your transaction.
Completion of my remortgage has taken place for my property in Crynant. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Most lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. Ordinarily complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
Various web forums that I have come across warn that are the main cause of stalling in Crynant house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances during the legal transfer of property. Local searches are unlikely to feature in any slowing down conveyancing in Crynant.
four months have elapsed since my purchase conveyancing in Crynant concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. 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 asset 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.
What makes a Crynant lease unacceptable for security purposes?
There is nothing unique about leasehold conveyancing in Crynant. All leases are individual and legal mistakes in the legal wording can result in certain provisions are erroneous. For example, if your lease is missing any of the following, it could be defective:
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A provision to repair to or maintain elements of the property Clauses dealing with recovering service charges for expenditure on the building or common parts.
A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Barclays , The Mortgage Works, and Godiva Mortgages Ltd all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the buyer to withdraw.
I invested in buying a 1 bedroom flat in Crynant, conveyancing formalities finalised in 1998. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Crynant with over 90 years remaining are worth £171,000. The ground rent is £50 levied per year. The lease finishes on 21st October 2104
With just 79 years remaining on your lease the likely cost is going to be between £8,600 and £9,800 plus costs.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.