My mortgage broker has asked me for my Llandeilo solicitor’s panel member for the Nationwide conveyancing panel. What is the best way to discover this. I have called my local Llandeilo office but they have not got back to me yet.
Have you tried calling your Llandeilo property lawyer about this?. They keep a central record lender panel numbers.
We were just about to sign contracts for a leasehold flat in Llandeilo. We encountered a problem. The mortgage offer with The Mortgage Works runs out on 26/6/2025 but the owners are putting forward a completion date of 30/6/2025. Can one extend the mortgage expiry date?
The best person to address this question is your lawyer who should determine if he or she is better off negotiating with the bank, seller’s representatives, property agents or possibly all parties given what has happend in your house move to date.
Just acquired a terraced house in Llandeilo , What is the estimated time for the Land Registry to deal with the formalities evidencing my ownership? My Llandeilo conveyancing solicitor has been painfully slow, so I want to be sure that my ownership is recorded.
There is nothing unique when it comes to conveyancing in Llandeilo registration formalities. As opposed to being determined by geographic area, timescales can differ subject to who lodges the application, whether it is in order and whether the Land registry need to notify any 3rd persons or bodies. At present in the region of three quarters of such applications are fully addressed in less than three weeks but occasionally there can be extensive hold-ups. Historically registration occurs once the purchaser has moved in to the property therefore post completion formalities is not usually primary concern yet where there is a degree of urgency associated with the registration then you or your conveyancer must speak with the land registry and explain the circumstances.
Due to the encouragement of my in-laws I had a survey completed on a property in Llandeilo prior to appointing solicitors. I have been informed that there is a flying freehold aspect to the house. Our surveyor advised that some mortgage companies will not issue a mortgage on a flying freehold premises.
It depends who your proposed lender is. Santander has different requirements for example to Halifax. Should you wish to call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Llandeilo. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Llandeilo to see if the conveyancing will be more expensive.
I was advised by a few estate agents in Llandeilo to locate a solicitor on your site. Is there a financial advantage for Estate Agents to recommend your services ahead of alternative conveyancing organisations?
We refuse to make any referral fee for pointing buyers and sellers to this site. We found it would be just too difficult a fee as a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
I am a negotiator for a reputable estate agency in Llandeilo where we see a few leasehold sales derailed due to leases having less than 80 years remaining. I have received contradictory information from local Llandeilo conveyancing firms. Could you shed some light as to whether the owner of a flat can initiate the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the disposal of the property.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Llandeilo Conveyancing for Leasehold Flats - Examples of Questions you should consider before buying
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The answer will be useful as a) areas may result in problems in the building as the common areas may start to deteriorate if services remain unpaid b) if the leasehold owners have a dispute with the running of the building you will want to know about it Are any of leasehold owners in dispute over their service charge liability? Make sure you enquire if there is anything that is prohibited in the lease. For instance it is fairly common in Llandeilo leases that pets are not permitted in in a block in Llandeilo. If you like the propertyin Llandeilo but your cat can’t live with you then you will be faced hard determination.