I have given 8 weeks notice to my existing landlord and must be out of my let out property in Radyr by the end of next month. Conveyancing for my house purchase is underway. Is it possible to complete in six weeks as don't want to have to find short term accommodation?
The normal practice is not to give notice for your letting unless you have exchanged. If you have not previously done so, update to your conveyancer and request that they seek the assistance the sellers side, try to get a realistic time scale from them that everyone will look towards
I am buying a new build flat in Radyr. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Radyr
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There must be mutual enforceability of lessee’s covenants. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan.
I am looking for a ground for flat up to £305k and found one near me in Radyr I like with a park and transport links nearby, the downside is that it only has 51 years unexpired on the lease. There is not much else in Radyr suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan the remaining unexpired lease term will likely be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
My husband and I are 3 weeks into a residential purchase having been referred to solicitors by the high street agent to execute conveyancing in Radyr. I am am starting to be frustrated with the level of service. Could you you assist me in finding new solicitors?
A lawyer would need to be very bad to suggest diss instructing them. Has your mortgage been issued? If so you will need to make them aware of the new contact details and ensure the offer are issued to the new lawyers. The solicitor ideally needs to be on the banks approved list to avoid added charges and frustration. So that should be your starting point. Our find a solicitor tool can assist you in finding a bank approved conveyancer for your home move in Radyr
I today plan to offer on a house that seems to be perfect, at a reasonable figure which is making it all the more appealing. I have since discovered that the title is leasehold rather than freehold. I would have thought that there are issues purchasing a leasehold house in Radyr. Conveyancing advisers have are about to be appointed. Will they explain the issues?
Most houses in Radyr are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are buying in Radyr in which case you should be looking for a Radyr conveyancing solicitor and be sure that they are used to dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a leaseholder you will not be entirely free to do whatever you want with the house. The lease comes with conditions such as requiring the freeholder’sconsent to carry out alterations. It may be necessary to pay a maintenance charge towards the upkeep of the estate where the house is part of an estate. Your lawyer should advise you fully on all the issues.
I bought a studio flat in Radyr, conveyancing having been completed 9 years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Radyr with an extended lease are worth £185,000. The ground rent is £65 charged once a year. The lease ceases on 21st October 2086
With just 60 years unexpired we estimate the price of your lease extension to be between £20,000 and £23,000 plus professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.
Partway through the sale of a leasehold flat in Radyr. Conveyancing is fine but we have been asked to pay an extortionate amount by the freeholder. To date we have issued a cheque for £268 for a leasehold management information and then a further £134.40 for supplemental queries raised by the buyers property lawyer.
Neither you or your property lawyer will have any control over the extent of the fee for this information however the typical costs for the information for Radyr leasehold property is £355. When it comes to Radyr conveyancing transactions it is conventional for the seller to pay for these charges. The landlord or their agents are not duty bound to address these questions most will be content to do so - albeit often at high prices where the fees bear little relation to the work involved. Regretfully there is no statute that mandates set fees for administrative tasks. There is no set time limit by which they are required to provide answers.