I instructed a high street lawyer for our conveyancing in Llandough yesterday. Going through the Terms and Conditions I seewe are responsible for charges even if the movefalls through. Should I ditch them and appoint a web based lawyer advertising no completion no charge conveyancing in Llandough?
It is usually a trade off in that if "No Sale No Fee" is advertised then the fee levels will generally be uplifted to counteract the transactions that do not proceed. Also remember that these arrangements generally do not protect you from expenditure for instance Llandough conveyancing search expenses.
Our solicitor has identified a defect with the lease for the property we are purchasing in Llandough. The seller’s lawyers have offered defective title insurance as a solution. We are happy with insurance and will pay for it. Our lawyer says that he must ensure that the bank is willing to move forward with this solution. Are we the client or is the bank?
Notwithstanding that you have a mortgage offer from the lender does not mean to say that the property will meet their provisions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the bank are the client. These conveyancing instructions have to be complied with.
I am about to put a bid on a leasehold flat in Llandough. The estate agents advise that it is the norm for flats in Llandough to have less than 75 years remaining. I am expecting a mortgage with Platform. Will the property be mortgageable given that the lease has Seventy One years left.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 21/11/2024 the requirements read as follows :
I'm purchasing a new build house in Llandough benefiting from help to buy. The sellers refused to reduce the amount so I negotiated 6k of additionals instead. The house builders rep suggested that I not to tell my lawyer about the side-deal as it would affect my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been on the look out for a flat up to £305k and found one near me in Llandough I like with open areas and transport links in the vicinity, the downside is that it only has 61 years unexpired on the lease. I can't really find anything else in Llandough for this price, so just wondered if I would be making a mistake buying a short lease?
Should you require a home loan the shortness of the lease may be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 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 current lease with a zero ground rent applied. You should consult your conveyancing solicitor about this.
As co-executor for the estate of my grandfather I am selling a residence in Swansea but reside in Llandough. My conveyancer (based 250 kilometers awayhas requested that I sign a stat dec before completion. Could you suggest a conveyancing lawyer in Llandough who can witness this legal document for me?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are Llandough based