Various online forums that I have come across warn that are the primary reason for hinderance in Cyncoed house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays in the conveyancing process. Searches are unlikely to feature in any delay in conveyancing in Cyncoed.
three months have elapsed since my purchase conveyancing in Cyncoed concluded. I have checked the Land Registry website 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 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.
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 developer to sign contracts and commit to the purchase even before the residence is built. This is because builders in Cyncoed tend to acquire the site, 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 used to new build conveyancing in Cyncoed or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a house in Cyncoed ahead of appointing lawyers. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some banks will not issue a loan on a flying freehold home.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. Should you wish to call us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Cyncoed. Conveyancing may be slightly more expensive based on your lender's requirements.
Should I instruct a Cyncoed conveyancing practitioner who is local to the property I am purchasing? An old friend can deal with the legal formalities however his firm is located over three hundred kilometers away.
The benefit of a local Cyncoed conveyancing practice is that you can pop in to execute paperwork, present your identification documents and apply pressure on them if necessary. They will also have local intelligence which is a benefit. However it's more important to get someone that will do a good and efficient job. If other friends have instructed your friend and the majority were impressed that should trump using an unknown Cyncoed conveyancing solicitor solely due to them being round the corner.
My in 2008. He has since got wed, divorced and is now married again. He now wants to dispose of the Cyncoed property. I think he will just be need to provide a copy of the marriage certificates to the lawyer however he is worried it will frustrate the home move. Is it worth updating the land title details for the house?
The is no need to bring up to date the register on the basis that you have the proof required to demonstrate how the change of name occurred.
The buyer’s lawyer will review the title entries and require evidence to prove the change of name e.g. marriage documentation.