We are looking to buy a house and require a conveyancing solicitor in Barry Island who is on the Co-operative approved panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Co-operative . We don't recommend any particular firms conducting conveyancing in Barry Island.
My property lawyer in Barry Island has never been on on the Virgin Money Solicitor Panel. Can I still retain my prefered solicitor notwithstanding that they are not on the Virgin Money approved list?
Your options are as follows:
- Complete the purchase with your existing Barry Island lawyers but Virgin Money will need to retain a solicitor on their list of acceptable firms. This will result in additional total conveyancing fees and cause frustration.
- Choose a new practitioner to act in the conveyancing, remembering to check they are on the Virgin Money panel
I'm buying my first flat in Barry Island with a mortgage from The Mortgage Works. The builders would not move on the price so I negotiated £7000 of fixtures and fittings instead. The sale representative told me not reveal to my solicitor about this extras as it will jeopardize my mortgage with The Mortgage Works. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
In my capacity as executor for the estate of my grandfather I am disposing of a property in Swansea but live in Barry Island. My lawyer (who is 200 kilometers awayrequires that I execute a statutory declaration prior to the transaction finalising. Can you recommend a conveyancing lawyer in Barry Island to witness this legal document for me?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will do regardless of whether they are based in Barry Island
I am attracted to a couple of apartments in Barry Island both have about 50 years left on the lease term. Will this present a problem?
A lease is a right to use the premises for a period of time. As the lease gets shorter the saleability of the lease decreases and it becomes more expensive to extend the lease. This is why it is generally wise to extend the lease term. More often than not it is difficult to sell a property with a short lease because mortgage companies less inclined to grant a loan on properties of this type. Lease enfranchisement can be a difficult process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this area.
I am the registered owner of a leasehold flat in Barry Island, conveyancing was carried out half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding properties in Barry Island with over 90 years remaining are worth £201,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease expires on 21st October 2089
You have 64 years unexpired we estimate the premium for your lease extension to be between £15,200 and £17,600 plus costs.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.
The solicitors carrying out our conveyancing in Barry Island has forwarded papers to review that show the property is unregistered with epitome documents. Why is the property not registred at the Land Registry?
It is unusual for premises in Barry Island not to be registered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Many Barry Island conveyancing practitioners should be able to handle such matters but where uncertainty exists the standard proposition nowadays seems to be for the current owners to register the title first and thereafter sell - this undoubtedly cause a drawn-out conveyancing.