Can you explain why leasehold purchase conveyancing in Abertillery is more expensive?
Abertillery leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I am intent on selling our house in Abertillery and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A local lawyer would know that there is no such problem. It does beg the question why the purchasers instructed a nationwide conveyancing firm rather than a conveyancing solicitor in Abertillery. We have lived in Abertillery for 5 years we know that this is a non issue. Is it a good idea to contact our local Authority to obtain clarification that there is no issue.
It sounds as though you may have a conveyancing solicitor currently acting for you. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
It has been three months since my purchase conveyancing in Abertillery took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. 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 property 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.
How does conveyancing in Abertillery differ for new build properties?
Most buyers of new build premises in Abertillery contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is constructed. This is because builders in Abertillery typically purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Abertillery or who has acted in the same development.
In what way can the Landlord & Tenant Act 1954 impact my commercial premises in Abertillery and how can your lawyers assist?
The particular law that you refer to affords security of tenure to commercial lessees, giving them the legal entitlement to make a request to court for a renewal tenancy and continue in occupation at the end of the lease term. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and handle your commercial conveyancing in Abertillery
Are you able to clarify what options are available to me where my Abertillery conveyancing searches reveals adverse results?
Normally, almost all issues arising from Abertillery conveyancing search responses can be dealt with prior to completion or indemnity insurance can be obtained. It is important to remember that although you may be acquiring the premises and might be willing to accept the search results, your building society or bank may not, and when all said and done they have the final say.