We are a couple about to exchange contracts for a freehold house in Taffs Well. We have hit a stumbling block. Our mortgage offer with Barclays expires on 29/12/2025 but the sellers are suggesting a completion date of 31/12/2025. Can one extend the loan expiry date?
The person best placed to address this issue is your solicitors who is in a position to assess if he or she is better off negotiating with the bank, owner’s conveyancers, selling agents or conceivably all parties based on the history of your transaction to date.
I have been told that property searches are the primary cause of stalling in Taffs Well house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any delay in conveyancing in Taffs Well.
How does the Landlord & Tenant Act 1954 impact my business offices in Taffs Well and how can you help?
The particular law that you refer to provides a safeguard to business tenants, granting the right to apply to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Taffs Well is one of the numerous locations in which our lawyers are based
In surfing the internet for the words conveyancing in Taffs Well it shows results of numerous solicitorsin the area. With so much choice what is the best way to find the suitable conveyancer for me?
The ideal way of seeking the right conveyancer is via personal testimonial, so ask colleagues and relatives who have acquired a property in Taffs Well or the reputable estate agent or financial adviser. Charges for conveyancing in Taffs Well vary, so it's sensible to obtain a minimum of four estimates from different solicitors. Be sure to obtain confirmation what costs in the quote includes.
I want to let out my leasehold flat in Taffs Well. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for their consent?
A small minority of properties in Taffs Well do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord is not entitled to unreasonably refuse but, in such cases, they would need to review references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
I invested in buying a 2 bed flat in Taffs Well, conveyancing having been completed in 2003. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Taffs Well with over 90 years remaining are worth £206,000. The ground rent is £45 per annum. The lease ends on 21st October 2091
With only 66 years unexpired the likely cost is going to span between £12,400 and £14,200 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.
Should I stop my mortgage payments with UBS once a completion date for my home sale in Taffs Well has been agreed?
No, you should keep meeting any mortgage payments to UBS pending the mortgage being paid off from the proceeds of sale as part of your Taffs Well conveyancing.