We are acquiring our first home. Our solicitor has e-mailedto ask if we want to order extra conveyancing searches. We are really unsure what's necessary for conveyancing in Roath
The type of Roath conveyancing searches should be triggered based primarily on the property, the location, the likelihood of any of these risks, your familiarity of the region and risks, your overall approach to risk. What is important is that you adequately comprehend what information each search could provide. Then you can make a decision if you personally think you need that search. Should you be uncertain, ask your lawyer to guide you.
Finally the sale completed on my house in Roath last March but the buyer keeps calling me to say her solicitor needs to hear from mysolicitor. What are the post completion sale legalities following completion?
Following your sale your solicitor is committed to deliver the transfer deeds and all additional paperwork to the purchaser's conveyancer. If applicable, your conveyancer must also evidence that the mortgage has been redeemed to the purchasers solicitors. There are no post completion steps unique to conveyancing in Roath.
Do the Building Society Association intend to launch a search tool with a view to list solicitors on the Earl Shilton BS conveyancing panel for example in Roath?
We would not expect to be advised of any intention on the part of the BSA to promote such a tool.
It has been five months following my purchase conveyancing in Roath completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a leasehold apartment up to £305k and found one round the corner in Roath I like with open areas and transport links nearby, however it only has 49 years unexpired on the lease. There is not much else in Roath suitable, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a mortgage the shortness of the lease will be an issue. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you can request that they start the process of the extension 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 concerning this.
I'm converting the mortgage on my current property to a buy to let loan with Accord Mortgages Ltd and intend to use the remaining equity as a down payment on another property. The area we are looking at is Roath. Will your lawyers be able to act for both sets of lenders and tie in the transactions?
Make use of our search tool on this site to check that the solicitors are approved by both banks. On the basis that they are your lawyer should be able to tie up the two transactions but you should have a chat with you conveyancer and make clear your expectations and requirements.