My wife and I are purchasing a property in Gowerton. It might be a silly question but how we can trust a solicitor? At some point we have to put funds into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We have a mortgage agreed in principle with Clydesdale. Gowerton conveyancing practitioners have been chosen. How long does it take for Clydesdale to forward the offer to the property lawyer?
There is no definitive answer here. Have Clydesdale completed the survey? Have you informed Clydesdale as to your lawyers' details and checked that your lawyers are on the Clydesdale conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have finally had an offer on an apartment in Gowerton accepted, but there is a chain. The owners have offered on a property, however it’s not yet agreed to, and have viewings of other apartments in the pipeline. I have selected a nearby conveyancing solicitor in Gowerton. What do I do now? When do I get the mortgage application with Virgin Money started?
It is usual to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of £1k, then survey, Gowerton conveyancing search costs, etc). First, you should check that your conveyancing practitioner is on the Virgin Money approved list. As to the subsequent stages this very much depends on the specifics of your transaction, motivation for this property and on the state of the market. During a buoyant market the majority of purchasers will apply for a home loan with Virgin Money and arrange for the valuation and only if it comes back ok would they pay their lawyer to proceed with the conveyancing in Gowerton.
Various online forums that I have come across warn that are the number one reason for delay in Gowerton conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of delays during the legal transfer of property. Local searches are unlikely to be the root cause of delay in conveyancing in Gowerton.
The estate agent has sent us the confirmation of our purchase of a new build flat in Gowerton. 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 conveyancing.
Set out below are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Gowerton
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There must be mutual enforceability of lessee’s covenants. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please supply a car parking plan. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
How simple is it to switch conveyancer as I need to choose a firm on the Chelsea Building Society conveyancing list. I instructed a family conveyancing solicitor in Gowerton five minutes from me but she is not accepted by Chelsea Building Society
We will our best to assist in finding you a conveyancing solicitor in Gowerton on the Chelsea Building Society panel. Please note that the property lawyers that we work with do not pay us a referral fee if you instruct them and are fully regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Gowerton. Using search facility on this site, you can compare fees for conveyancing solicitors in Gowerton and beyond.
Estate agents have just been given the go-ahead to market my basement apartment in Gowerton. Conveyancing is yet to be initiated, but I have just received a yearly maintenance charge demand – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should pay the service charge as you normally would given that all ground rent and service payments will be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I purchased a garden flat in Gowerton, conveyancing was carried out in 2005. Can you work out an approximate cost of a lease extension? Equivalent properties in Gowerton with over 90 years remaining are worth £265,000. The ground rent is £50 levied per year. The lease ends on 21st October 2100
With 75 years unexpired we estimate the price of your lease extension to be between £8,600 and £9,800 plus costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply 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 may be other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.
I purchased a house in Gowerton last 12/2/2024 and to date it is still not recorded with HMLR. It is part of a development site and my solicitor told me that it may take 12 months to register. I have spoken with the Land Registry directly and they have informed me the initial application was cancelled due to questions not being addressed in time. Do I need to be concerned?
get in touch with your property lawyer - Where you are unsatisfied with the responses, enquire as to their internal complaints procedure and amplify your problem to a Partner. Registrations for Gowerton conveyancing are not known to be especially complex.