We are getting closer to an exchange on a house in Roath and my parents have sent the ten percent deposit to my conveyancing practitioner. I am now told that as the deposit has not arrived from me my solicitor needs to disclose this to my mortgage company. I am advised that, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I informed the mortgage company concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your lawyer is legally required to clarify with mortgage company to make sure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.
Do I need to pop into the offices of the solicitor to execute the mortgage deed? If so, I will instruct a firm who offer conveyancing in Roath so that I can attend their offices when needed.
Most conveyancing panel lawyers for mortgage companies undertake all of the work via Royal Mail, e-mail or over phone calls. This means that they can undertake the legal work for your home move regardless of where you live in the country. Nevertheless you can check if you can still book an appointment to visit conveyancing lawyer if needed.
Will our solicitor be asking questions about flooding as part of the conveyancing in Roath.
Flooding is a growing risk for solicitors dealing with homes in Roath. Plenty of people will purchase a house in Roath, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Lawyers are not qualified to offer advice on flood risk, however there are a numerous checks that can be carried out by the purchaser or on a buyer’s behalf which can figure out the risks in Roath. The standard completed inquiry forms supplied to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual inquiry of the seller to discover whether the premises has suffered from flooding. If flooding has previously occurred which is not notified by the vendor, then a purchaser could commence a claim for damages as a result of such an incorrect answer. A buyer’s solicitors will also order an enviro report. This should indicate whether there is a recorded flood risk. If so, further investigations will need to be initiated.
About to purchase a new build apartment in Roath. 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 legal work.
Here is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Roath
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Forfeiture - bankruptcy or liquidation must not apply under this provision. There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I am looking for a leasehold apartment up to £195,000 and found one near me in Roath I like with open areas and station in the vicinity, the downside is that it only has 52 years on the lease. There is not much else in Roath for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a mortgage that many years will likely be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of twenty four months you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
I am downsizing from my house. My past solicitors have shut. I am in need of a recommendation of a conveyancing firm. Im based in Roath if that makes things easier.
Do use our search tool to help you choose a solicitor for your conveyancing in Roath. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.