We are soon to complete on the purchase of a property in Gwernaffield but as a result of wreckage from some water damage at the property I have managed to agree reparation from the current proprietors of £3k in the form of a deduction in the price. This was going to be dealt with as part of a side agreement however Barclays will not permit this. Why were they approached?
Your property lawyer that is on the Barclays conveyancing panel is obliged to disclose to Barclays of any amendments to the sale price. If you prohibit your conveyancer to notify the reduction to Barclays then they would have to discontinue acting for you. In addition, Barclays and you would have to appoint a new conveyancing practitioner for your conveyancing in Gwernaffield.
Having sold my house in Gwernaffield last November yet the purchaser is telephoning daily to say his lawyer is waiting to hear from mine. What are the post completion sale legalities following completion?
After completion of your sale your conveyancer is obliged to forward the transfer documentation and all additional paperwork to the buyer’s lawyers. If applicable, your solicitor should also send confirmation that the mortgage has been paid off to the purchasers solicitors. There are no post completion formalities just for conveyancing in Gwernaffield.
Will commercial conveyancing searches reveal planned roadworks that could impact a commercial estate in Gwernaffield?
Its becoming the norm that commercial conveyancing solicitors in Gwernaffield will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Gwernaffield. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Gwernaffield.
For each commercial conveyancing transaction in Gwernaffield it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could cause delays to Gwernaffield commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not conducted for domestic conveyancing in Gwernaffield.
My wife and I purchased a 4 bedroom Victorian house in Gwernaffield. Conveyancing solicitor represented me and National Westminster Bank. I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold under the matching property. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Gwernaffield and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with the conveyancing practitioner who conducted the conveyancing.
I'm refinancing my existing property to a BTL mortgage with Virgin Money and I will use the ballance of the raised equity as a down payment on another property. The location we are looking at is Gwernaffield. Will your solicitors be able to act for both sets of mortgage companies and tie in the conveyances?
Make use of our search tool on this page to ensure that the solicitors are on the relevant lender panels. On the basis that they are your conveyancer should be able to simultaneously deal with the two deals but you should have a chat with you solicitor and specify your desired outcome and requirements.
I am in need of some leasehold conveyancing in Gwernaffield. Before diving in I would like to find out the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and most are in Gwernaffield - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I am the registered owner of a leasehold flat in Gwernaffield, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Gwernaffield with an extended lease are worth £197,000. The average or mid-range amount of ground rent is £55 levied per year. The lease ceases on 21st October 2077
With just 54 years left to run the likely cost is going to range between £32,300 and £37,400 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.