I have justbeen informed that Action Conveyancing have closed. They conducted my conveyancing in Fairwater for a purchase of a leasehold flat 9 months ago. How can I establish that my home is not still registered in the name of the former proprietor?
The easiest way to check if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Fairwater conveyancing specialists.
How does conveyancing in Fairwater differ for newly converted properties?
Most buyers of new build premises in Fairwater come to us having been asked by the seller to exchange contracts and commit to the purchase even before the property is finished. This is because developers in Fairwater tend to purchase the site, 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 conveyancers 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 used to new build conveyancing in Fairwater or who has acted in the same development.
I am looking for a ground for flat up to £195,000 and identified one near me in Fairwater I like with open areas and station in the vicinity, the downside is that it only has 61 remaining years left on the lease. There is not much else in Fairwater suitable, so just wondered if I would be making a mistake buying a short lease?
Should you need a home loan the remaining unexpired lease term will be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
Taking into account that I am about to part with 450k on a house in Fairwater I wish to talk to a solicitor regarding thehome move ahead of giving the go ahead to the firm. Can this be arranged?
This is something that we recommend - it is our preference to talk to you we do not take any clients on without you liaising with the lawyer who will be carrying out your conveyancing in Fairwater.There is no ‘factory style conveyancing’ - each client is unique person, not a case number. The solicitors that we put you in touch with believe that the fees you are calculated and presented to you for residential conveyancing in Fairwater should be the figure that you are charged.
As co-executor for the estate of my father I am selling a house in Neath but reside in Fairwater. My solicitor (who is 300 miles awayneeds me to execute a stat dec prior to completion. Could you suggest a conveyancing practitioner in Fairwater to witness and place their company stamp on the document?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are based in Fairwater
I am looking at a couple of apartments in Fairwater which have approximately fifty years remaining on the lease term. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Fairwater. The lease is a right to use the premises for a prescribed time frame. As a lease gets shorter the marketability of the lease decreases and results in it becoming more costly to extend the lease. This is why it is generally wise to extend the lease term. Sometimes it is difficulties arise selling premises with a short lease because mortgage companies may be reluctant to lend money on such properties. Lease enfranchisement can be a protracted process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this field.
Fairwater Leasehold Conveyancing - A selection of Queries Prior to Purchasing
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Best to be warned whether redecorating or some other major work is due shortly to be shared amongst the leasehold owners and will dramatically impact the level of the maintenance charges or necessitate a one off invoice. How many years remain on the lease? Plenty Fairwater leasehold properties will have a service charge for the upkeep of the building invoiced on behalf of the landlord. Should you acquire the apartment you will have to meet this amount, usually in instalments accross the year. This can be anything from a couple of hundred pounds to thousands of pounds for large purpose-built blocks. There will also be a rentcharge for you to pay yearly, ordinarily this is not a exorbitant sum, say around £25-£75 but you need to check it because sometimes it could be surprisingly expensive.