Finally, a mortgage agreement from NatWest for the remortgage of my 3 bedroom apartment is expected by the end of next week. Are you able to suggest a low cost conveyancing practitioner in Adamsdown?
You have come to the wrong site to search for cut-price fees for conveyancing in Adamsdown. Our aim is to provide excellent value conveyancing but we do not advertise as being the cheapest. Avoid the trap of appointing brokers offering ninety nine pound conveyancing in Adamsdown. At best, in choosing a lawyer for low cost conveyancing, you will receive what you pay for and at worst you will end up paying a lot in additional fees and still not get the service required.
I am need of leasehold conveyancing for a flat in a fairly new development (seven years built) in Adamsdown. Almost all the flats are already disposed of. Do I need carry out the neighbourhood searches as part of conveyancing in Adamsdown?
You are opening yourself up to an unnecessary risk in refusing to carrying out Adamsdown conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying mortgage free there is no legal necessity to have them, but we would strongly advise in no uncertain terms that your solicitor conducts them. If time pressures and driving down costs are primary issues you should consider with your conveyancer about the options such as indemnity insurance available to you
Completed the sale of my flat in Adamsdown last March but our buyer keeps texting daily to say their lawyer is waiting to hear from myconveyancer. What are the post completion sale formalities now that I have sold?
After completion of your house sale your solicitor is committed to deliver the transfer documentation and all additional paperwork to the buyer’s conveyancer. Depending on the transaction, your lawyer must also confirm that the home loan has been paid off to the buyers lawyers. There are no post completion steps peculiar conveyancing in Adamsdown.
Do commercial conveyancing searches reveal planned roadworks that could impact a commercial premises in Adamsdown?
Its becoming the norm that commercial conveyancing solicitors in Adamsdown will carry out a SiteSolutions Highways report as it reduces the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Adamsdown. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Adamsdown.
For every commercial conveyancing transaction in Adamsdown it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can cause delays to Adamsdown commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Adamsdown.
It has been four months following my purchase conveyancing in Adamsdown took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. 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.
I work for a reputable estate agency in Adamsdown where we have experienced a number of flat sales put at risk as a result of short leases. I have received contradictory information from local Adamsdown conveyancing firms. Could you clarify whether the vendor of a flat can commence the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I inherited a 1st floor flat in Adamsdown, conveyancing having been completed 4 years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Adamsdown with over 90 years remaining are worth £206,000. The ground rent is £45 yearly. The lease terminates on 21st October 2092
You have 66 years left to run we estimate the premium for your lease extension to range between £12,400 and £14,200 as well as costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.