My apartment in Radyr is up for sale and I have a purchaser. Does my lawyer need to be required to be on the Coventry BS conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Coventry BS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently in recent years.
Is it necessary to pay for insurance to cover chancel repairs when buying a property in Radyr?
Unless a prior purchase of the property took place after 12 October 2013 you may take it that solicitors delivering conveyancing in Radyr to remain encouraging a chancel search and or insurance against a claim.
My wife and I purchased a 4 bedroom Victorian property in Radyr. Conveyancing solicitor represented me and TSB. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold under the exact same address. I thought I was buying a freehold how can I check?
You need to read 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Radyr and other areas of 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 purchasers. You can also check the situation with your conveyancing practitioner who conducted the conveyancing.
I am purchasing my first flat in Radyr with a mortgage from Bank of Ireland. The builders refused to reduce the amount so I negotiated £7000 of extras instead. The property agent told me not disclose to my lawyer about the side-deal as it may adversely affect my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the input of my in-laws I had a survey completed on a property in Radyr in advance of retaining lawyers. I have been informed that there is a flying freehold aspect to the house. Our surveyor advised that some mortgage companies will not issue a mortgage on this type of home.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. If you contact us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Radyr. Conveyancing will be smoother if you use a solicitor in Radyr especially if they are accustomed to such properties in Radyr.
I am looking into buying my first house which is in Radyr and I am already nervous. I couldn't find anything specific about Radyr. Conveyancing will be needed in due course but do you know about the Radyr area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Radyr. In the meantime here are some basic statistics that we found