Me and my wife are purchasing our first house. The property lawyer has messagedto enquire if we would like to purchase extra conveyancing searches. We are really unsure what's recommended for conveyancing in Creigiau
The scope of Creigiau conveyancing searches should be dictated primarily on the premises, the location, the possibility of any of these risks, your familiarity of the locality and risks, your overall appetite to risk. What is important is that you properly appreciate what information the searches could supply. Then you can make a decision if you consider that you need that information. Should you be uncertain, ask the solicitor to recommend.
Do lenders provide you with an approved list of Creigiau conveyancing solicitors? How do you know who is on the Nationwide conveyancing panel?
Creigiau conveyancing firms themselves provide us confirmation that they are on the Nationwide conveyancing panel as opposed to being supplied with a list from Nationwide directly.
We're in Creigiau, FTBs purchasing with a mortgage (lender is Aldermore , and our lawyer is on the Aldermore conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Aldermore conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Despite weeks of looking the Title Certificate and documents to our house are lost. The solicitors who dealt with the conveyancing in Creigiau 5 years ago are no longer around. What do I do?
You no longer need to hold title deeds to establish that you are the registered proprietor of land or premises, as the Land Registry have everything they need in a digital format.
I'm remortgaging my current home to a buy to let mortgage with Britannia and I will use the ballance of the raised equity towards a second house. The location we are looking at is Creigiau. Will your solicitors be able to act for the two lenders and tie in the conveyances?
Do use our comparison tool on this site to be sure that the conveyancers are on the relevant lender panels. Having checked that they are your lawyer will be able to simultaneously deal with the two conveyancing matters but you should have a chat with you conveyancer and make clear your expectations and requirements.
I am in need of some leasehold conveyancing in Creigiau. Before I get started I would like to find out the remaining lease term.
If the lease is recorded at the land registry - and almost all are in Creigiau - then the leasehold title will always include the short particulars 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 invested in buying a 1st floor flat in Creigiau, conveyancing having been completed August 1998. How much will my lease extension cost? Equivalent properties in Creigiau with a long lease are worth £180,000. The average or mid-range amount of ground rent is £65 per annum. The lease expires on 21st October 2084
You have 59 years unexpired we estimate the premium for your lease extension to span between £20,900 and £24,200 plus 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 the actual costs in the absence of detailed investigations. Do 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 want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.