I am purchasing property in Llandaff North. My lawyer has never been on on the lender approved list. Is it possible for me to use my Llandaff North conveyancing solicitor notwithstanding that they are excluded from the lender approved list?
One must have a property lawyer to complete the formalities if you take out a mortgage to buy your property. The property lawyer will carry out all the necessary legal checks on the property, make sure that you will be properly registered as the owner and ensure that all the required mortgage paperwork is dealt with. You could instruct a Llandaff North conveyancer of your choosing. Nevertheless, if the property lawyer appointed is not a member of the bank approved list further costs will be levied as separate legal representation will be need by the bank. Bank panel applications can be submitted, so if your lawyer has not in the past sought membership they can do so.
Are the Llandaff North conveyancing solicitors identified as being on the RBS conveyancing panel, together with their details provided by RBS?
Llandaff North conveyancing firms themselves provide us confirmation that they are on the RBS conveyancing panel as opposed to being supplied with a list from RBS directly.
I have justdiscovered that Arc property Solicitors have been shut down. They carried out my conveyancing in Llandaff North for a purchase of a freehold house 9 months ago. How can I be sure that my home is in my name in the name of the previous owner?
The easiest method to check if the property is registered to you, you can carry out 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 Llandaff North conveyancing specialists.
How does conveyancing in Llandaff North differ for newly converted properties?
Most buyers of new build property in Llandaff North approach us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because new home sellers in Llandaff North usually buy 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 conveyancing solicitors 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 Llandaff North or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £245,000 and identified one close by in Llandaff North I like with amenity areas and station in the vicinity, however it's only got 61 years on the lease. There is not much else in Llandaff North for this price, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a home loan the shortness of the lease may be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
How do I determine who owns a property in Llandaff North?
As long as the premises is registered with HMLR, and you have requisite details of the address of the premises, you should be able to view details from the HMLR of the registered owner for a a minimal charge.