I have todaydiscovered that Action Conveyancing have closed. They carried out my conveyancing in Llanelli for a purchase of a leasehold flat 12 months ago. How can I establish that the property is registered correctly in the name of the former proprietor?
The easiest method to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Llanelli conveyancing specialists.
How does conveyancing in Llanelli differ for newly converted properties?
Most buyers of new build residence in Llanelli contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is built. This is because builders in Llanelli usually buy 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 property lawyers 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 Llanelli or who has acted in the same development.
I opted to have a survey carried out on a property in Llanelli in advance of appointing conveyancers. I have been advised that there is a flying freehold element to the house. My surveyor has said that some banks tend not give a loan on such a premises.
It depends who your proposed lender is. Lloyds has different requirements from Nationwide. If you call us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Llanelli. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to instruct a conveyancing solicitor for leasehold conveyancing in Llanelli. I happened to discover a site which seems to have the perfect answer If it is possible to get all the legals done via phone that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am employed by a busy estate agency in Llanelli where we have experienced a number of flat sales put at risk as a result of leases having less than 80 years remaining. I have received conflicting advice from local Llanelli conveyancing solicitors. Could you clarify whether the vendor of a flat can instigate the lease extension formalities for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means 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 prior to, or at the same time as completion of the sale.
An alternative approach is to extend the lease informally by agreement with the landlord 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 buyer.
Llanelli Conveyancing for Leasehold Flats - A selection of Questions you should consider Prior to buying
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Please tell me if there are any major works anticipated that will add a premium to the service fees? How much is the service charge and ground rent on the property? This question is important as a) areas may cause problems in the block as the communal areas may begin to deteriorate if services are not paid for b) if the leaseholders have a dispute with the running of the building you will need to have all the details
I was advised by my bank that their approved lawyers work on no move no fee basis for conveyancing in Llanelli. Our purchase aborted and now the conveyancers want search fees! They are stating that the fees are nothing to do with their fees!
Llanelli conveyancing search costs are separate expenses not legal costs as these are payable to independent parties.