We are purchasing a property and require a conveyancing solicitor in Cyncoed who is on the Aldermore solicitor panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Aldermore . We don't recommend any particular firms conducting conveyancing in Cyncoed.
A colleague advised me that if I am purchasing in Cyncoed I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually quoted for as part of the standard Cyncoed conveyancing searches. It is a large document of about 40 pages, listing and setting out important information about Cyncoed around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful data concerning Cyncoed.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Cyncoed?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Cyncoed. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Cyncoed differ for newly converted properties?
Most buyers of new build residence in Cyncoed approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is completed. This is because developers in Cyncoed typically purchase the real estate, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Cyncoed or who has acted in the same development.
I need to instruct a conveyancing solicitor for my conveyancing in Cyncoed. I happened to discover a site which appears to be the ideal solution If there is a chance to get all formalities done via phone that would be preferable. 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?
I have just started marketing my basement apartment in Cyncoed. Conveyancing has not commenced, however I have recently received a quarterly service charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should clear the service charge as you normally would as all rents and maintenance invoices will be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Leasehold Conveyancing in Cyncoed - Sample of Questions you should consider Prior to Purchasing
-
The answer will be useful as a) areas can cause problems for the block as the common areas may start to deteriorate where services remain unpaid b) if the tenants have a dispute with the managing agents you will need to know about it If a Cyncoed lease has fewer than eighty years it will have adverse implications on the salability of the property. It is worth checking with your bank that they are willing to to proceed given the lease term. A short lease means that you will probably have to extend the lease sooner rather than later and it is worth finding out how much this would cost. For most Cyncoedlease extensions you will be be obliged to have been the owner of the residence for 24 months in order to be legally able to carry out a lease extension. Many Cyncoed leasehold apartments will be liable to pay a service charge for the upkeep of the building levied by the freeholder. If you purchase the flat you will have to meet this charge, usually in instalments accross the year. This may differ from several hundred pounds to thousands of pounds for buildings with lifts and large communal areas. In all probability there will be a ground rent for you to pay annual, ordinarily this is not a significant figure, say around £50-£100 but you need to enquire as sometimes it could be many hundreds of pounds.