Do the conveyancing practitioners listed on your site conduct auction conveyancing in Pencoed?
There are a few auction practitioners we can connect you with those who can conduct auction conveyancing. Pencoed is just one of the many locations where our lawyers cover.
My partner and I are close to exchanging contracts on the sale of our home in Pencoed and according to the buyers it appears that there is a risk of it being constructed on contaminated land. A high street Pencoed conveyancer would know this is not the case. It does beg the question why the buyers instructed an online conveyancing outfit rather than a conveyancing solicitor in Pencoed. We have lived in Pencoed for many years we know of no issue. Should we get in touch with our local Authority to get confirmation that there is no issue.
It would appear that you have a conveyancing firm already. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
I opted to have a survey carried out on a house in Pencoed before instructing solicitors. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some banks may not grant a loan on this type of premises.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Halifax. Should you wish to telephone us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Pencoed. Conveyancing may be slightly more expensive based on your lender's requirements.
What does commercial conveyancing in Pencoed cover?
Pencoed conveyancing for business premises covers a wide range of services, supplied by qualified solicitors, relating to business premises. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
My father has recommend that I use his conveyancers in Pencoed. Should I find my own solicitor?
There are no two ways about it the best way to choose a conveyancing lawyer is to get guidance from friends or relatives who have used the solicitor you're contemplating using.
I am a negotiator for a reputable estate agent office in Pencoed where we have experienced a few leasehold sales put at risk as a result of leases having less than 80 years remaining. I have received contradictory information from local Pencoed conveyancing firms. Please can you clarify whether the vendor of a flat can commence the lease extension process for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Leasehold Conveyancing in Pencoed - Sample of Questions you should ask before buying
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Is there a share of the freehold? The prefered form of lease structure is a share of the freehold. In this scenario the leaseholders have being in charge if their destiny and notwithstanding that a managing agent is usually employed if it is bigger than a house conversion, the managing agent acts for the leaseholders themselves. Plenty Pencoed leasehold flats will have a service bill for maintenance of the building set by the freeholder. Where you purchase the flat you will have to meet this amount, normally in instalments during the year. This could be anything from a few hundred pounds to thousands of pounds for blocks with lifts and large common areas. There will also be a ground rent to be met yearly, this is usually not a exorbitant figure, say about £50-£100 but you should to check as sometimes it can be many hundreds of pounds.