Our lawyer has discovered a defect with the lease for the flat we are buying in Connahs Quay. The other side have put forward defective title insurance as a solution. We are happy with insurance and will pay for it. Our conveyancer says that he must be satisfied that the mortgage company is happy with this solution. Who is the client here, us or the mortgage company ?
Notwithstanding that you have a mortgage offer from the bank does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook provisions. You and the lender are the client. These conveyancing instructions have to be complied with.
My partner and I are planning on selling our property in Connahs Quay and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. A local lawyer would know that there is no such problem. It does beg the question why the buyers instructed a web based conveyancing firm as opposed to a conveyancing solicitor in Connahs Quay. Having lived in Connahs Quay for many years we know of no issue. Should we contact our local Authority to seek clarification that there is no issue.
It would appear that you have a conveyancing firm already. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
Are there restrictive covenants that are commonly picked up as part of conveyancing in Connahs Quay?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Connahs Quay. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a straight forward, chain free conveyancing. Connahs Quay is the location of the property. What do you suggest?
Flying freeholds in Connahs Quay are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Connahs Quay you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Connahs Quay may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
My husband and I are 17 days into a residential purchase having been referred to solicitors by the selling agent to carry out the conveyancing in Connahs Quay. I am am very dissatisfied with the quality of service. Could you help me find new conveyancers?
They would have to be very poor to suggest replacing them. Has the mortgage been sent? If so you must advise them of the replacement conveyancer and have the offer are issued to the new lawyers. Your conveyancer should be on the mortgage company approved list to avoid added fees and delays. That should be your starting point. Our search tool will help you find a lender approved lawyer for your conveyancing in Connahs Quay
Having had my offer accepted I require leasehold conveyancing in Connahs Quay. Before I set the wheels in motion I want to be sure as to the remaining lease term.
If the lease is registered - and most are in Connahs Quay - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I inherited a 1 bedroom flat in Connahs Quay, conveyancing having been completed 9 years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Connahs Quay with over 90 years remaining are worth £197,000. The average or mid-range amount of ground rent is £55 levied per year. The lease finishes on 21st October 2080
With only 55 years left to run the likely cost is going to span between £31,400 and £36,200 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.