We are about to sign contracts for a ground floor flat in Aberdare. We encountered a snag. Our mortgage offer with Britannia expires on 13/3/2026 but the vendors are insisting on a completion date of 17/3/2026. Can one prolong the loan offer?
The best person to address this issue is your lawyer who should assess whether he or she is should be discussing with the mortgage company, owner’s solicitors, estate agents or indeed all parties taking into account what has gone on in your transaction to date.
I am considering applying for a Nottingham mortgage for purchase of a newly converted (under development) in Aberdare with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Nottingham ?
In theory, you could use a solicitor that is not on the Nottingham conveyancing panel, but Nottingham would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
I have been told that property searches are the primary reason for obstruction in Aberdare house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays during the legal transfer of property. Searches are not likely to be the root cause of holding up conveyancing in Aberdare.
It has been 2 months since my purchase conveyancing in Aberdare completed. I have checked the Land Registry site which shows that I paid £200,000 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 premises 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've found a house that seems to be perfect, at a great price which is making it all the more appealing. I have subsequently found out that the title is leasehold rather than freehold. I would have thought that there are issues buying a house with a leasehold title in Aberdare. Conveyancing advisers have are about to be appointed. Will my lawyers set out the risks of buying a leasehold house in Aberdare ?
The majority of houses in Aberdare are freehold and not leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can assist with the conveyancing process. it is apparent that you are buying in Aberdare so you should seriously consider shopping around for a Aberdare conveyancing practitioner and check that they are used to advising on leasehold houses. First you will need to check the number of years remaining. As a lessee you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as requiring the freeholder’sconsent to conduct alterations. You may also be required to pay a contribution towards the upkeep of the communal areas where the property is located on an estate. Your solicitor will appraise you on the various issues.
I purchased a basement flat in Aberdare, conveyancing having been completed 7 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Aberdare with an extended lease are worth £180,000. The ground rent is £65 invoiced every year. The lease finishes on 21st October 2085
You have 59 years unexpired the likely cost is going to be between £20,900 and £24,200 as well as legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.
Can you suggest a trustworthy Aberdare solicitor for purchasing an apartment? A relative suggested one but their quote was £1150 for a 175k property. That seems high. The lender will be Nationwide.
LenderPanel.com is restricted to being a directory service for solicitors who wish to be listed as being on the approved conveyancing panel for Nationwide in certain locations for example Aberdare . We dont recommend any specific property lawyer.