I am obtaining a mortgage offer from Lloyds. I intend to retain the legal services of a Licensed Conveyancer in Aberaeron. Does the Lloyds Solicitor panel exclude Licensed Conveyancers?
The Lloyds conveyancing panel is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Do the conveyancing solicitors via your comparison service handle attended exchange conveyancing in Aberaeron?
There are a few conveyancing experts who can conduct one day exchanges. You should contact us to receive a fee calculation and details as to availability.
About to place an offer on a leasehold flat in Aberaeron. The selling agents assure me that it is normal for flats in Aberaeron to have less than 75 years left on the lease. I am taking out a loan with Platform. Will the property be mortgageable given that the lease has Seventy One years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 3/6/2025 the requirements read as follows :
I have been on the look out for a ground for flat up to £195,000 and identified one round the corner in Aberaeron I like with amenity areas and station in the vicinity, the downside is that it only has 49 years unexpired on the lease. There is not much else in Aberaeron suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a mortgage the remaining unexpired lease term will likely be an issue. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
I'm remortgaging my current house to a buy to let loan with Yorkshire Building Society and I will use the rest of the raised equity towards a second house. The area we are interested in is Aberaeron. Will your conveyancers be able to act for both sets of lenders and tie in the two deals?
Do use our search tool on this site to check that the conveyancers are on the appropriate lender panels. Assuming that they are the conveyancer will be able to simultaneously deal with the two deals but you should have a chat with you lawyer and communicate your expectations and needs.
There are only Sixty One years unexpired on my lease in Aberaeron. I need to extend my lease but my landlord is can not be found. What are my options?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. You will be obliged to prove that you have made all reasonable attempts to track down the freeholder. In some cases a specialist may be helpful to try and locate and to produce an expert document which can be accepted by the court as evidence that the landlord is indeed missing. It is wise to seek advice from a solicitor both on devolving into the landlord’s disappearance and the application to the County Court overseeing Aberaeron.
Aberaeron Conveyancing for Leasehold Flats - Examples of Queries before buying
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This question is helpful as a) areas may cause problems in the block as the common areas may begin to deteriorate where repairs remain unpaid b) if the leaseholders have an issue with the running of the building you will need to have complete disclosure How much is the ground rent and service charge? What prohibitions exist in the Aberaeron Lease?