My wife and I are buying a newly built apartment in Fforestfach and my conveyancer is advising me that she has to the lender to reveal incentives from the seller. I am nearing the developer’s deadline to sign contracts and my preference is not to prolong deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
When will exchange of contracts take place for domestic conveyancing in Fforestfach and do I need to attend the lawyers office?
Where you are in close proximity to one of the conveyancing solicitors in Fforestfach you are invited in to sign the paperwork. That being said, the law practices we work with supply a countrywide conveyancing service and give as equally detailed and professional a job for you when dealing with you digitally. The signing of the sale agreement is not the critical part. Signing on the dotted line simply enables the solicitor to officially exchange when the time is right, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Fforestfach)to be in the office at the appropriate time.
We are intent on selling our house in Fforestfach and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. Any local lawyer would know this is not the case. For the life of me I don't know why the purchasers used a factory type conveyancing outfit rather than a conveyancing solicitor in Fforestfach. We have lived in Fforestfach for 4 years we know that this is a non issue. Do we contact our local Authority to obtain confirmation that the buyers are looking for.
It would appear that you have a conveyancing lawyer currently acting for you. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I am looking for a ground for flat up to £235,500 and identified one close by in Fforestfach I like with open areas and railway links nearby, the downside is that it only has 52 years on the lease. There is not much else in Fforestfach in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a mortgage that many years will likely be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
As co-executor for the estate of my father I am disposing of a property in Newport but live in Fforestfach. My solicitor (based 200 kilometers awayhas requested that I execute a statutory declaration before completion. Can you recommend a conveyancing lawyer in Fforestfach to witness this legal document for me?
Technically speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will be fine regardless of whether they are Fforestfach based
Am in the process of purchasing my 1st property in Fforestfach. Conveyancing practitioner has been instructed. The broker pointed out that a survey is not needed as the property was only constructed 22 years ago.
As the bare minimum you need a Home Buyer's Report. As the premises was built over a decade ago the property will not come with a warranty, so you would be well advised not to take a risk. For a property that age with no signs of defects a Home Buyer's report may be sufficient. They will highlight any apparent issues and suggest further investigation where appropriate. If there are any indications of problems get a full structural survey.