We were just about to exchange contracts for a garden flat in Penarth. We have hit a problem. Our mortgage offer with Alliance & Leicester runs out on 28/8/2025 but the sellers are putting forward a completion date of 1/9/2025. Can one prolong the loan offer?
The best person to address this concern is your lawyer who will determine if he or she is should be discussing with the mortgage company, vendor’s conveyancers, selling agents or indeed all parties based on what has gone on in your conveyancing as of today.
After reviewing moneysavingexpert.com for a cheap lawyer in Penarth, many advise that I must use a CQS kitemarked solicitor. What is CQS?
The Law Society's Conveyancing Quality Scheme is the recognised kitemark for legal experts in the legal transfer of properties, trusted by some of the UK's biggest mortgage companies. In 2011-12 the Conveyancing Quality Scheme was officially recognised by the Building Societies Association (BSA). CQS is not a scheme offered by the Society for Licensed Conveyancers. Penarth is one of the many areas in England and Wales where there are CQS solicitors.
It has been 4 months following my purchase conveyancing in Penarth took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Penarth. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Penarth
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. 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.
Should I use a Penarth conveyancing practitioner who is local to the property I am buying? I have an old university friend who can execute the legal work however her office is over three hundred kilometers away.
The primary upside of using a local Penarth conveyancing firm is that you can pop in to execute paperwork, present your identification documents and pester them where appropriate. Having local Penarth know how is a plus. However nothing is more important than finding someone that will pull out all the stops for you. If other friends have used your friend and the majority were impressed that must trump using an unknown Penarth conveyancing lawyer just because they are round the corner.
Do online conveyancing organisations do everything a local Penarth solicitor does or must I use a solicitor for the final stages for my conveyancing in Penarth?
If you use an online conveyancer they will cover all the things your Penarth conveyancer will cover.