We were just about to sign contracts for a property in Cardiff. We encountered a problem. The mortgage offer with TSB expires on 18/2/2025 but the vendors are insisting on a completion date of 20/2/2025. Is it possible to prolong the loan offer?
The person best placed to deal with your issue is your lawyer who is in a position to assess whether he or she is better off negotiating with the mortgage broker, owner’s lawyers, property agents or possibly all parties based on what has happend in your house move as of today.
Do all mortgage companies provide you with an approved list of Cardiff conveyancing solicitors? How do you know who is on the UBS conveyancing panel?
Cardiff conveyancing firms themselves provide us confirmation that they are on the UBS conveyancing panel as opposed to being supplied with a list from UBS directly.
Are the BSA planning on creating a search tool with a view to list firms on the Norwich and Peterborough Building Society conveyancing panel for example in Cardiff?
Lexsure has not been advised of any intention on the part of the BSA to promote such a register.
How does conveyancing in Cardiff differ for new build properties?
Most buyers of new build property in Cardiff come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is completed. This is because house builders in Cardiff tend to acquire 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 property lawyers 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 accustomed to new build conveyancing in Cardiff or who has acted in the same development.
I am a sole trader hoping to take over a lease of a shop on the high street. Can you recommend lawyers offering no-move-no fees for non-domestic conveyancing in Cardiff for below £1,200?
We can recommend firms who have well rounded knowledge of commercial conveyancing in Cardiff, including the disposal and acquisition of businesses as well as simply property. If you are intending to acquire or sell a shop, pub, restaurant, office, retail premises or a whole business we will find you the right solicitor. As for the fees this will depend on the structure and nuances of the proposed transaction. Please provide us with your details or call us so that we may supply you with a fixed commercial conveyancing calculation.
I wish to let out my leasehold apartment in Cardiff. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for permission?
A small minority of properties in Cardiff do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord cannot unreasonably refuse but, in such cases, they would need to see references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
I inherited a basement flat in Cardiff, conveyancing formalities finalised in 2008. 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? Equivalent properties in Cardiff with over 90 years remaining are worth £180,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease finishes on 21st October 2082
You have 58 years left to run we estimate the premium for your lease extension to span between £22,800 and £26,400 plus professional fees.
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. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.