We're in Llandrindod Wells, FTBs buying with a mortgage (lender is Barclays , and our lawyer is on the Barclays conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Barclays conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
is it true that all Llandrindod Wells solicitor practices on the Principality conveyancing panel are governed by the SRA?
As solicitors, in order to be on the Principality conveyancing panel they would need to be regulated by the SRA. Many banks do permit licenced conveyancers on their panel and in that case the practice would be overseen by the Council of Licensed Conveyancers.
Can I be sure that the Llandrindod Wells conveyancing solicitor on the Lloyds panel is any good?
When it comes to conveyancing in Llandrindod Wells obtaining recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor handling your conveyancing.
We were going to get a OIP from Leeds Building Society this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Leeds Building Society recommend any Llandrindod Wells solicitors on the Leeds Building Society conveyancing panel, or is it better to go independently?
You will need to appoint Llandrindod Wells solicitors independently although you'll need to choose one on the Leeds Building Society conveyancing panel. The solicitor represents both you and Leeds Building Society through the process.
My wife and I are close to exchanging contracts on the sale of our house in Llandrindod Wells and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. A high street Llandrindod Wells conveyancer would know this is not the case. It does beg the question why the purchasers are using a national conveyancing practice rather than a conveyancing solicitor in Llandrindod Wells. We have lived in Llandrindod Wells for many years we know of no issue. Should we contact our local Authority to seek clarification that there is no issue.
It would appear that you have a conveyancing lawyer already. What do they say? You must 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 ailment)
About to purchase a new build flat in Llandrindod Wells. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Llandrindod Wells
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I am looking into buying my first house which is in Llandrindod Wells and I am already nervous. I couldn't find anything specific about Llandrindod Wells. Conveyancing will be needed in due course but do you know about the Llandrindod Wells area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Llandrindod Wells. In the meantime here are some basic statistics that we found
I am looking at a two flats in Llandrindod Wells which have about fifty years remaining on the leases. Will this present a problem?
There are plenty of short leases in Llandrindod Wells. The lease is a legal document that entitles you to use the premises for a period of time. As the lease shortens the saleability of the lease deteriorates and it becomes more costly to acquire a lease extension. This is why it is advisable to extend the lease term. It is often difficult to sell a property with a short lease because mortgage companies may be unwilling to lend money on properties of this type. Lease enfranchisement can be a difficult process. We advise that you seek professional help from a solicitor and surveyor with experience in this field.
I own a basement flat in Llandrindod Wells, conveyancing formalities finalised August 2002. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Llandrindod Wells with a long lease are worth £260,000. The ground rent is £45 invoiced every year. The lease ceases on 21st October 2099
You have 74 years remaining on your lease the likely cost is going to be between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.