My wife and I are close to exchanging contracts on the sale of our home in Mynydd Isa and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. Any high street Mynydd Isa conveyancer would know that there is no such problem. It does beg the question why the purchasers instructed a web based conveyancing outfit as opposed to a conveyancing solicitor in Mynydd Isa. Having lived in Mynydd Isa for 5 years we know of no issue. Do we contact our local Authority to obtain confirmation need.
It would appear that you have a conveyancing solicitor 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)
I have justfound out that Arc property Solicitors have been shut down. They carried out my conveyancing in Mynydd Isa for a purchase of a leasehold flat 18 months ago. How can I be sure that my home is in my name in the name of the previous owner?
The quickest method to check if the property is in your name, 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 Mynydd Isa conveyancing specialists.
I am buying my first flat in Mynydd Isa with a mortgage from Virgin Money. The builders refused to move on the price so I negotiated 6k of fixtures and fittings instead. The sale representative advised me not to tell my conveyancer about the deal as it could adversely affect my loan with Virgin Money. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a simple, no chain conveyancing. Mynydd Isa is the location of the property. Can you shed any light on this issue?
Flying freeholds in Mynydd Isa are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Mynydd Isa you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Mynydd Isa may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
How can the Landlord & Tenant Act 1954 impact my business premises in Mynydd Isa and how can your lawyers assist?
The particular law that you refer to affords security of tenure to commercial lessees, giving them the right to make a request to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act for protection and handle your commercial conveyancing in Mynydd Isa
What makes a Mynydd Isa lease unmortgageable?
Leasehold conveyancing in Mynydd Isa is not unique. Most leases are drafted differently and drafting errors can sometimes mean that certain clauses are wrong. For example, if your lease is missing any of the following, it could be defective:
A duty to insure the building Service charge per centages that don't add up correctly leaving a shortfall
A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. HSBC Bank, The Mortgage Works, and Bank of Ireland all have very detailed conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to provide security, forcing the purchaser to pull out.
Leasehold Conveyancing in Mynydd Isa - Examples of Questions you should ask Prior to buying
This information is helpful as a) areas can result in problems for the block as the common areas may start to deteriorate if services are not paid for b) if the tenants have an issue with the running of the building you will need to have all the details It is important to be aware if a new roof is being put on or some other significant cost is due shortly to be shared by the tenants and could well materially increase the the maintenance costs or result in a specific invoice.