My husband and I are buying a newly constructed duplex in Radyr and my solicitor is telling me that she has to the lender to disclose incentives from the builder. I am under pressure to exchange contracts and my preference is not to prolong deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am assisting my niece sell her flat in Radyr. Will the conveyancer commission an EPC or it is for the seller to coordinate?
After the demise of HIPs, energy performance certificates was maintained a compulsory component of selling a house. An energy assessment must be to hand before the property is put on the market. This is not as aspect of the sale process that lawyers ordinarily organise. Where you are using a Radyr conveyancing lawyer they might be able to arrange energy performance certificates due to their contacts with reputable Radyr assessors
Can you point me to a directory of TSB panel solicitors in Radyr on the Building Society Association’s Website?
Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. A small selection of lenders make their panel listings viewable on the web. If you are in need of a Radyr conveyancing practitioner on the TSB please use our facility.
I am expecting a DIP from Leeds Building Society this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Leeds Building Society recommend any Radyr solicitors on the Leeds Building Society conveyancing panel, or is it better to go independently?
You will need to appoint Radyr solicitors independently although you'll need to choose one on the Leeds Building Society conveyancing panel. The solicitor represents both you and Leeds Building Society through the process.
three months have gone by following my purchase conveyancing in Radyr took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. 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.
What does commercial conveyancing in Radyr cover?
Radyr conveyancing for business premises incorporates a wide array of services, supplied by regulated solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
Am I best advised to choose a Radyr conveyancing solicitor who is local to the property I am buying? We have a good friend who can perform the legal formalities however her office is approximately 350kilometers drive away.
The benefit of a local Radyr conveyancing firm is that you can attend the office to execute paperwork, deliver your ID and apply pressure on them where appropriate. They will also have local intelligence which is a plus. However nothing is more important than finding someone that will pull out all the stops for you. If other friends have instructed your friend and the majority were happy that must surpass using an unfamiliar Radyr conveyancing lawyer solely due to them being Radyr based.
Is there a reason that Radyr conveyancing costs differ for leasehold and freehold properties?
There is always increased work necessary in leasehold conveyancing. Radyr has many leasehold properties. There is more paperwork involved in the purchase: for example, the lease and leasehold information (including current service charge, ground rent and buildings insurance details) obtained from the freeholder or managing agents. There are strict criteria that the lease must meet in order to be acceptable to a mortgage company. If it does not meet these requirements, the lease must be amended, which can involve additional expense for the seller.