Is it realistic for conveyancing in Penllergaer to be concluded in 3 weeks?
In a situation where you are under pressure for your conveyancing it is highly recommended that your solicitor is familiar with the location as they will make use of local relationships and insight. It is even conceivable that they would have transacted otherhomes in the same street. Therefore consider using a Penllergaer conveyancing solicitor. In addition, make sure that the conveyancing firm is on the on the approved list for your mortgage company. It is claimed that just under twenty per cent of Penllergaer conveyancing deals are suspended or jeopardised after discovering a buyer’s solicitor was not on their banks list of approved solicitors. In many cases this discovery resulted in the buying process being frustrated by as much as three weeks. It is believed that this issue impacts in the region of 100,000 home sales every year. Many Penllergaer conveyancing practices can not act for certain banks so do check at the outset.
My brother-in-law has suggested I instruct a conveyancing solicitor in Penllergaer. I I am struggling to find out if they are accepted on the Bank of Ireland conveyancing panel. Could you help?
The first thing to do is contact your conveyancer and ask them if they are on the lender panel. Alternatively please call Bank of Ireland who may be able to confirm.
Me and my brother own a 4 bedroom Georgian house in Penllergaer. Conveyancing lawyer represented me and Godiva Mortgages Ltd. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
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 Penllergaer and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with your conveyancing practitioner who conducted the purchase.
How does conveyancing in Penllergaer differ for newly converted properties?
Most buyers of new build or newly converted property in Penllergaer approach us having been asked by the developer to sign contracts and commit to the purchase even before the premises is constructed. This is because builders in Penllergaer typically buy the real estate, 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 conveyancers 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 used to new build conveyancing in Penllergaer or who has acted in the same development.
I decided to have a survey done on a property in Penllergaer ahead of instructing solicitors. I have been told that there is a flying freehold aspect to the house. Our surveyor advised that some banks will not give a loan on a flying freehold house.
It depends who your proposed lender is. Santander has different requirements from Halifax. Should you wish to call us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Penllergaer. Conveyancing will be smoother if you use a solicitor in Penllergaer especially if they are accustomed to such properties in Penllergaer.
Is planning permission required to change a single dwelling into multiple appartments in Penllergaer? This has been carried out to a property opposite to my home in Penllergaer and was not aware of the conversion until the works were complete.
Planning consent is necessary for converting a single house in Penllergaer into apartments but probably not for converting back to single dwelling-house so, in answer to your question, yes.