We are about to sign contracts for a garden flat in Bridgend. We encountered a stumbling block. The loan offer with The Mortgage Works expires on 8/12/2026 but the sellers are suggesting a completion date of 10/12/2026. Is it possible to extend the mortgage expiry date?
The person best placed to deal with your question is your solicitors who will hopefully determine if he or she is corresponding with the mortgage broker, owner’s conveyancers, selling agents or conceivably all three given the history of your transaction as of today.
What is the difference between a licensed conveyancer and conveyancing solicitor in Bridgend
There are many recorded licenced Conveyancers in Bridgend and Solicitor partnerships in Bridgend who can assist with your conveyancing We would stress that both are regulated professionals specialising in the legal aspects of the home buying process. They may both also handle other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
This question may be naive but I am unseasoned as a 1st time buyer of a two bedroom flat in Bridgend. Do I pick up the keys to the house on the completion date from my conveyancer? If so, I will use a High Street conveyancing solicitor in Bridgend?
On the day of completion you will not be required to go to the conveyancers office in Bridgend. Your solicitors will electronically transfer the purchase money to the owner’s conveyancers, and shortly after the monies have arrived, you should be able to collect the keys from the property Agents and move into your new home. Usually this happens between 1 and 3pm.
Can I be sure that the Bridgend conveyancing solicitor on the Bank of Ireland panel is any good?
When it comes to conveyancing in Bridgend seeking recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the solicitor conducting your conveyancing.
I used Stirling Law a few years past for my conveyancing in Bridgend. I now require my papers but cannot find the solicitor. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Bridgend of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am buying a new build apartment in Bridgend. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Bridgend
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
I have recently realised that I have Fifty years remaining on my lease in Bridgend. I now want to extend my lease but my landlord is can not be found. What options are available to me?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the Court. However, you will be required to demonstrate that you have done all that could be expected to find the lessor. On the whole a specialist may be useful to conduct investigations and prepare a report which can be accepted by the court as evidence that the freeholder can not be located. It is advisable to get professional help from a property lawyer both on investigating the landlord’s absence and the vesting order request to the County Court covering Bridgend.
I purchased a 1st floor flat in Bridgend, conveyancing having been completed 7 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 Bridgend with an extended lease are worth £260,000. The ground rent is £45 levied per year. The lease expires on 21st October 2100
You have 74 years unexpired we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as costs.
The figure above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.
Why is it not possible to complete our conveyancing in Bridgend on a bank holiday?
This is due to the fact that on completion the sale price will be transferred electronically between the banks of the buyer and owner’s solicitor and at present this can only take place on a business day. So you can't complete on a saturday or sunday either.