How up to date is your database of Cardiff Bay solicitors on the Bank of Ireland conveyancing panel? Do Bank of Ireland send you an updated list?
Cardiff Bay conveyancing firms themselves provide us confirmation that they are on the Bank of Ireland conveyancing panel as opposed to being supplied with a list from Bank of Ireland directly.
What will a local search inform me about the house my wife and I purchasing in Cardiff Bay?
Cardiff Bay conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search organisations for instance Onsearch The local search is essential in every Cardiff Bay conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your property. The search should reveal information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
I am buying a new build flat in Cardiff Bay. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Cardiff Bay
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Forfeiture - bankruptcy or liquidation must not apply under this provision. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
Due to the input of my in-laws I had a survey completed on a property in Cardiff Bay before instructing solicitors. I have been told that there is a flying freehold overhang to the house. My surveyor has said that some banks may refuse to grant a mortgage on such a property.
It varies from the lender to lender. HSBC has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Cardiff Bay. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to appoint a conveyancing solicitor for leasehold conveyancing in Cardiff Bay. I have stumble upon a site which seems to have the perfect solution If it is possible to get all the legals done via email that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
We are midway through buying a house in Cardiff Bay. Conveyancing solicitor has told us the title is "Leasehold". Should this impact our lender’s valuation?
Cardiff Bay conveyancing does not usually involve leasehold houses. The crucial factor here is the length of lease and the ground rent. If there are over a hundred years remaining with a peppercorn rent, it's almost the same as freehold, so it shouldn't impact the saleability too much.
At the other extreme, if it's, say, 50 years it is bound to have a adverse effect on the saleability, and most likely wouldn't be acceptable to the bank. The length of lease and ground rent will be set out in the lease which should be made available to your solicitor.