We are about to exchange contracts for a property in Cardiff Bay. We have hit a snag. Our loan offer with Platform Home Loans Ltd runs out on 10/11/2025 but the vendors are suggesting a completion date of 12/11/2025. Can one extend the mortgage offer?
The person best placed to deal with your issue is your lawyer who should determine whether he or she is better off negotiating with the mortgage broker, seller’s lawyers, estate agents or conceivably all parties based on the circumstances your house move as of today.
I just acquired a flat at auction in Cardiff Bay. Conveyancing is required. What are my next steps?
Now that you are for all intents and purposes signed on the dotted line you will need to hire the services of a conveyancing lawyer as a matter of urgency as you will have a tight deadline in which to complete the conveyancing. All auction property will have a corresponding auction pack. This will likely include most,if not all of the documents that your solicitor requires. In the case of leasehold premises the legal pack should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to leasehold premises. You must hand this to your appointed conveyancing solicitor at the earliest opportunity. You also need to ensure that your finances are in place to complete the transaction on the set completion date.
A colleague informed me that in buying a property in Cardiff Bay there could be various restrictions affecting the ability to carry out external alterations to a property. Is this right?
There are a number of properties in Cardiff Bay which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Cardiff Bay should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have instructed a Cardiff Bay property lawyer having checked that they are on the Nationwide conveyancing panel. Does my lawyer arrange the survey of the property?
Nationwide will need an independent valuation of the property. Your lawyer will not arrange this. Usually Nationwide will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Cardiff Bay postcode. As you are getting a mortgage with Nationwide, you could contact them to see if they have a list of approved surveyors in Cardiff Bay.
Various online forums that I have visited warn that are the primary reason for stalling in Cardiff Bay house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the findings of a review by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of delays in the conveyancing process. Searches are unlikely to be the root cause of holding up conveyancing in Cardiff Bay.
Are there any apps to assist me to identify a Cardiff Bay law firm on the Coventry Building Society conveyancing panel? I drive a motor bike and am willing to travel upto 10kilometers to meet the conveyancer.
You can use the tool on this page. Please pick a bank and your location and you will see a number of Cardiff Bay conveyancing lawyers located nearest you. We have listed some Cardiff Bay conveyancing firms towards the end of this page and you can telephone them to see whether they are on the Coventry Building Society member panel
I am using a search engine for the term conveyancing in Cardiff Bay it shows results of numerous conveyancerslocally. How do I determine which is the suitable solicitor for me?
The best method of choosing a suitable conveyancer is through a trusted referral, so enquire of friends and relatives who have bought a property in Cardiff Bay or the local estate agent or financial adviser. Fees for conveyancing in Cardiff Bay differ, so it's a good idea to obtain a minimum of three quotes from different companies. Make sure that you know what costs in the quote includes.
I am attracted to a two flats in Cardiff Bay which have about fifty years remaining on the leases. should I be concerned?
A lease is a right to use the premises for a prescribed time frame. As the lease shortens the value of the lease deteriorates and it becomes more expensive to extend the lease. For this reason it is advisable to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease as mortgage companies may be unwilling to lend money on such properties. Lease extension can be a protracted process. We advise that you get professional help from a solicitor and surveyor with experience in this arena.
I am the registered owner of a studio flat in Cardiff Bay, conveyancing formalities finalised 8 years ago. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Cardiff Bay with over 90 years remaining are worth £195,000. The average or mid-range amount of ground rent is £45 yearly. The lease ceases on 21st October 2088
With just 63 years unexpired we estimate the premium for your lease extension to be between £16,200 and £18,600 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.