I decided to go with a Penarth based solicitor for our conveyancing in Penarth last week. Reviewing the fine print it is apparent thatwe are responsible for costs even if the dealfalls through. Would I be best advised to select a web based solicitor practice offering no-sale-no-fee conveyancing in Penarth?
Generally there is a compromise along the lines that if "No Sale No Fee" is available then the fee levels will tend to be be uplifted to neutralise those transactions that abort. You should be mindful that such offerings generally do not cover disbursements for example Penarth conveyancing search costs.
Can your site be used to recommend a Conveyancing solicitor in Penarth even if I’m not purchasing or disposing of a house, for example if I want to acquire a shop in Penarth with a mortgage from Bank of Ireland?
Our comparison service is mainly used to help choose residential conveyancing solicitors in Penarth but we have set out at the bottom of this page some Penarth commercial conveyancing firms. You will need to make contact with the firm directly to see if they are also authorised to represent Bank of Ireland
I have recentlybeen informed that Stirling Law have closed. They conducted my conveyancing in Penarth for a purchase of a leasehold apartment 9 months ago. How can I establish that my home is not still registered in the name of the previous owner?
The quickest way to see 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 Penarth conveyancing specialists.
How does conveyancing in Penarth differ for new build properties?
Most buyers of new build property in Penarth contact us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is completed. This is because new home sellers in Penarth 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 property lawyers 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 accustomed to new build conveyancing in Penarth or who has acted in the same development.
I opted to have a survey completed on a property in Penarth in advance of instructing conveyancers. I have been told that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies will refuse to issue a loan on this type of house.
It depends who your proposed lender is. Bank of Scotland has different instructions from Birmingham Midshires. If you e-mail us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Penarth. Conveyancing will be smoother if you use a solicitor in Penarth especially if they are accustomed to such properties in Penarth.
Back In 2006, I bought a leasehold flat in Penarth. Conveyancing and Bank of Ireland mortgage went though with no issue. I have received a letter from someone claiming to own the freehold. It included a ground rent demand for rent dating back to 1991. The conveyancing practitioner in Penarth who previously acted has now retired. Do I pay?
First contact HMLR to be sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Penarth conveyancing solicitor to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Penarth Leasehold Conveyancing - Sample of Questions you should ask before buying
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Who manages the block? The majority of Penarth leasehold properties will be liable to pay a service bill for the upkeep of the block set by the management company. If you acquire the apartment you will have to meet this charge, usually periodically throughout the year. This can vary from two or three hundred pounds to thousands of pounds for bigger purpose-built buildings. There will also be a ground rent for you to pay annual, this is usually not a exorbitant amount, say around £25-£75 but you need to check it because sometimes it could be prohibitively expensive. How many of the leaseholders are in arrears for their maintenance charge payments?