I am hoping to receive a mortgage with Lloyds. I intend to retain the legal services of a Licensed Conveyancer in Radyr. Does the Lloyds Solicitor panel include conveyancers regulated by the CLC?
The Lloyds approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Can you explain why leasehold purchase conveyancing in Radyr costs more?
The conveyancing fees on a leasehold property in Radyr is frequently higher than on a freehold acquisition or disposal. This is because there is an amount of extra investigations required in corresponding with the freeholder and management company to collate the information about whether the rent and maintenance charges have been cleared and whether there are any major works due in the foreseeable future on repairs or maintenance of the building.
My uncle passed away last year and as sole heir and executor I was left the house in Radyr. The house had a small mortgage remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to UBS, pay off the mortgage. Is this possible?
Given you plan to refinance then UBS will insist on your using a conveyancer on the UBS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your UBS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the UBS mortgage is registered as a charge at the Land Registry.
How does conveyancing in Radyr differ for newly converted properties?
Most buyers of new build or newly converted property in Radyr contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is built. This is because new home sellers in Radyr tend to acquire the real estate, 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 Radyr or who has acted in the same development.
How can the Landlord & Tenant Act 1954 affect my business offices in Radyr and how can your lawyers assist?
The 1954 Act affords a safeguard to business tenants, granting the legal entitlement to apply to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing practices who use the act for protection and help with commercial conveyancing in Radyr
Due to sign contracts shortly on a leasehold property in Radyr. Conveyancing solicitors assured me that they report fully on Monday. What should I be looking out for?
The report on title for your leasehold conveyancing in Radyr should include some of the following:
The landlord’s rights to access the property. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Your solicitors should enable you to have an understanding of the building insurance obligations Defining your legal entitlements in respect of the communal areas in the block.For example, does the lease include a right of way over a path or staircase? It needs to be made clear to you if the lease allows you to add or upgrade aspects of the flat- you must know whether any restrictions applies to all alterations or just structural alteration, and whether licences for alterations is required The physical ownership of the property. This might be the apartment itself but could also incorporate a roof area or basement if applicable.
Leasehold Conveyancing in Radyr - A selection of Questions you should ask Prior to buying
Does the lease contain onerous restrictions? It would be sensible to discover as much as possible about the company managing the block as they will affect your use and enjoyment of the property. As the owner of a leasehold property you are frequently in the clutches of the managing agents both financially and when it comes to practical matters such as the cleanliness of the common parts. Ask other people if they are happy with them. Finally, investigate as to the dates that the maintenance charges are due to the managing agents and specifically how they are spending that money.