Me and my wife are acquiring our first property. Our solicitor has messagedto see if we want to take out supplemental conveyancing searches. We are really unsure what's necessary for conveyancing in Maesteg
The range of Maesteg conveyancing searches should be triggered based primarily on the premises, the location, the possibility of any of these risks, your knowledge of the locality and risks, your general appetite to risk. What is important is that you properly appreciate what information the searches could provide. Then you can decide if you personally think you need that search. Where you are unclear, ask your property lawyer to recommend.
A relative pointed out to me me that in purchasing a property in Maesteg there may be various restrictions prohibiting external changes to the property. Is this right?
There are anumerous of properties in Maesteg which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Maesteg should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am aiming to move property in March. Does my conveyancing solicitor communicate with the removal company on the day of completion. As an aside, can you recommend a removal company in Maesteg. Conveyancing lawyer was organised prior to coming across this website.
On the day of completion you will need to pick up the keys from your estate agent however this should only be done once the vendors solicitors inform the agent that they acknowledge receipt of the completion payment and the keys can be passed over. After that you can advise the removal company that you are ready to move in. We are not in a position to recommend a particular removal company but can help you find a residential property solicitor in Maesteg or a lawyer that specialises in conveyancing in Maesteg.
I am buying a property in Maesteg. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Virgin Money be concerned?
Given that you are obtaining a mortgage with Virgin Money your lawyer must comply with the formal instructions set out in Part 2 of UK Finance Lenders’ Handbook for Virgin Money. The Council of Mortgage Lenders’ Handbook stipulates minimum specifications for solar panel roof-space leases, and lawyers are required to report to Virgin Money where a lease fails to comply with these requirements. The requirements relate to the installation of panels on properties nationwide and is not limited to Maesteg.
Me and my brother purchased a terraced Edwardian house in Maesteg. Conveyancing solicitor represented me and Santander. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold under the exact same address. Is it worth asking Santander to clarify?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Maesteg and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with your conveyancing lawyer who conducted the purchase.
In sourcing the web for the term cheap conveyancing in Maesteg it shows results of numerous property lawyersin the area. How do I determine which is the right property lawyer for me?
The best way of seeking the right conveyancer is via personal recommendation, so ask colleagues and those you trust who have purchased a property in Maesteg or the local estate agent or financial adviser. Costs for conveyancing in Maesteg differ, so it's sensible to request a minimum of four costs illustrations from varying types of law firms. Dont forget to clarify that the fees are fixed.
Back In 2008, I bought a leasehold flat in Maesteg. Conveyancing and Halifax mortgage went though with no issue. A letter has just been received from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1992. The conveyancing solicitor in Maesteg who acted for me is not around. What should I do?
First make enquiries of the Land Registry to make sure that this person is in fact the registered owner of the freehold reversion. There is no need to instruct a Maesteg conveyancing solicitor to do this as it can be done on-line for £3. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Leasehold Conveyancing in Maesteg - Sample of Questions you should consider before Purchasing
-
Please note if it is fewer than eighty years it will affect the value of the flat. It is worth checking with your lender that they are willing to to proceed given the lease term. Leases with less than 80 years remaining means that you will probably need a lease extension sooner rather than later and you need to have some idea of how much this will be. Remember, in most cases you will need to own the residence for a couple of years before you are eligible to extend the lease. What prohibitions are contained in the Maesteg Lease? Best to be warned whether a new roof is being installed or some other significant cost is pending that will be shared amongst the leasehold owners and will materially increase the the service costs or necessitate a specific invoice.
What is the reason for my conveyancer requiring numerous items of ID before I can commence with my conveyancing in Maesteg?
Maesteg lawyers are obliged by the Law Society, SRA, HM Land Registry and current Money Laundering Regulations to certify that the have verified the identity of their clients. It will also be a requirement of your lender where you are obtaining a mortgage. In addition they have to complete various forms, particularly those relating to stamp duty land tax and need to have information such as your full names, national insurance number and DOB.