My solicitor has identified a defect with the lease for the property we are buying in Adamsdown. The seller’s lawyers have offered defective title insurance as a solution. We are content with insurance and will cover the costs. Our solicitor says that he must ensure that the mortgage company is content with this solution. Are we the client or is the mortgage company ?
Even though you have a mortgage offer from the mortgage company does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook provisions. You and the lender are the client. The appropriate lender specifications have to be complied with.
Completed the sale of my flat in Adamsdown last March but our buyer keeps Skype messaging me complaining that her lawyer needs to hear from mine. What should my lawyer have done following completion?
Post completion of your house sale your conveyancer should forward the transfer deeds and all of the paperwork to the buyer’s lawyers. If applicable, your conveyancer must also confirm that the home loan has been paid off to the buyers lawyers. There is unlikely to be post completion formalities specific conveyancing in Adamsdown.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a straight forward, chain free conveyancing. Adamsdown is where the house is located. Can you offer any guidance?
Flying freeholds in Adamsdown are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Adamsdown you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Adamsdown may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am looking into buying my first house which is in Adamsdown and I am already nervous. I couldn't find anything specific about Adamsdown. Conveyancing will be needed in due course but do you know about the Adamsdown area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Adamsdown. In the meantime here are some basic statistics that we found
In my capacity as executor for the will of my uncle I am selling a property in Cardiff but live in Adamsdown. My solicitor (based 260 miles awayrequires that I execute a stat dec before the transaction finalising. Can you recommend a conveyancing lawyer in Adamsdown to attest and place their company stamp on the document?
strictly speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are Adamsdown based
Completion is due on the sale of our £150,000 flat in Adamsdown in just under a week. The managing agents has quoted £312 for Landlord’s certificate, building insurance schedule and previous years service charge statements. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Adamsdown?
Adamsdown conveyancing on leasehold flats often involves the buyer’s lawyer sending enquiries for the landlord to address. Although the landlord is under no legal obligation to answer such questions most will be content to assist. They may charge a reasonable charge for responding to enquiries or supplying documentation. There is no upper cap for such fees. The average costs for the paperwork that you are referring to is £350, in some transactions it exceeds £800. The administration charge invoiced by the landlord must be sent together with a synopsis of rights and obligations in respect of administration charges, otherwise the charge is not strictly payable. In reality one has no option but to pay whatever is requested of you should you wish to complete the sale of your home.
Adamsdown Leasehold Conveyancing - A selection of Questions you should consider before Purchasing
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If a Adamsdown lease has fewer than 80 years it will affect the salability of the flat. Check with your mortgage company that they are happy with remaining years on the lease. Leases with less than 80 years remaining means that you will most likely require a lease extension sooner rather than later and it is worth finding out what this will be. For most Adamsdownlease extensions you will be required to have owned the property for a couple of years in order to be eligible to carry out a lease extension. Is the freehold owned jointly by the tenants? Make sure you discover if there are any onerous restrictions in the lease. For example it is very common in Adamsdown leases that pets are not permitted in certain buildings in Adamsdown. If you love the flatin Adamsdown but your cat can’t live with you then you will be faced difficult compromise.