Having sold my house in Tywyn last September but my buyer keeps e-mailing daily to moan that her solicitor is waiting to hear from mylawyer. What should have happened now that I have sold?
After completion of your disposal your solicitor should forward the transfer deeds and all of the paperwork to the purchaser's solicitors. If applicable, your lawyer should also send confirmation that the mortgage has been redeemed to the purchasers solicitors. There is unlikely to be post completion procedures unique to conveyancing in Tywyn.
My wife and I buying a terrace house in Tywyn. We would like to an extension at the rear at the house.Will legal due diligence on the property include investigations to ascertain if these alterations are permitted?
Your solicitor should review the deeds as conveyancing in Tywyn will occasionally identify restrictions in the title deeds which prevent categories of works or need the consent of another owner. Some additions require local authority planning consent and approval under the building regulations. Certain areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these things with a surveyor ahead of any purchase.
I have today made my last payment due on my mortgage with Co-operative. I assume I don't need a Tywyn property lawyer on the Co-operative panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Co-operative mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Co-operative mortgage from the register. Co-operative, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Co-operative has sent the Land Registry the discharge electronically, and
- Co-operative has instructed the Land Registry to do so
Nottingham have agreed my mortgage in principle, my bid on a property in Tywyn has been accepted, now what?
The estate agent will want to be informed of your property lawyer's details (be sure the conveyancers are on the bank’s panel). Contact Nottingham or your financial adviser and complete any relevant forms. Nottingham will instruct a valuer who will get in contact with the estate agent or owners to book a slot for the valuation to happen. Once carried out (assuming no problems) it takes approximately a week for the mortgage offer to be issued. Nottingham will issue the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Tywyn.
A friend advised me that where I am purchasing in Tywyn I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally included in the estimate for your Tywyn conveyancing searches. It is a large report of about 40 pages, listing and setting out important information about Tywyn around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Tywyn Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful data regarding Tywyn.
About to purchase a new build apartment in Tywyn. Conveyancing is necessary evil 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 conveyancing.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Tywyn
Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. 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. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I am looking for a leasehold apartment up to £235,500 and found one round the corner in Tywyn I like with amenity areas and transport links nearby, the downside is that it's only got 49 years on the lease. I can't really find anything else in Tywyn for this price, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a home loan that many years will be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
I am buying a flat and cash is in place. I have provided lawyer with 2 separate evidence of photographic identification, bank statement, multiple utility bills. Now he requires a copy from a probate lawyer acknowledging that the funds are legitimate and that it has come from inheritance and not selling fake DVD.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Tywyn conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.