We are about to exchange contracts for a garden flat in Radyr. We have hit a problem. The loan offer with Chelsea Building Society runs out on 17/2/2025 but the owners are insisting on a completion date of 19/2/2025. Is it possible to prolong the mortgage expiry date?
The person best placed to deal with your concern is your lawyer who will hopefully assess whether he or she is corresponding with the bank, seller’s solicitors, selling agents or conceivably all parties given the circumstances your transaction to date.
We are looking to buy a property and need a conveyancing solicitor in Radyr who is on the Leeds Building Society conveyancing panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Leeds Building Society . We don't recommend any particular firms conducting conveyancing in Radyr.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Radyr?
There are two types of lawyers who can conduct conveyancing in Radyr namely licenced conveyancers or solicitors. Both professionals administer conveyancing services that required to complete the disposal or purchase of property. They are both obliged to carry out Radyr conveyancing on similar quality and guidelines so you can be safe in the knowledge that your conveyancing will be properly administered and that the requisite procedures should be suitably adhered to.
We previously chose solicitors located in Radyr on the Principality solicitor panel. They are now charging me a separate amount for handling the Principality mortgage. Is this a supplemental conveyancing fee specified by Principality?
Unfortunately, so long as it is in their Terms and Conditions or estimate then yes your solicitor can levy a fee for this. This fee is not set by Principality but by your Radyr property lawyer. Numerous firms on the Principality panel will quote an ‘acting for lender’ fee and others do not.
It is not clear whether my bank requires a lease extension. I have telephoned my Radyr building society branch on numerous occasions and was advised it wasn't an issue and they will lend. My Radyr conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they will not lend based on their specific requirements. Who do I believe?
As long as the conveyancing practitioner is on the lender approved list, they must adhere to the CML Handbook provisions for the lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
I am purchasing a new build house in Radyr with the aid of help to buy. The builders refused to reduce the amount so I negotiated 6k of fixtures and fittings instead. The house builders rep advised me not to tell my lawyer about this extras as it would put at risk my mortgage with the lender. Do I keep my lawyer in the dark?.
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.
What does commercial conveyancing in Radyr cover?
Non domestic conveyancing in Radyr incorporates a wide range of services, provided by regulated solicitors, relating to business property. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies 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 aim is to acquire a ground floor apartment in Radyr. Conveyancing solicitor has been waiting for, from the seller, building insurance paperwork. This morning I was informed that the owner needs to forward the insurance documents for the flat above in addition. Why would my property lawyer want to check the insurance for the flat above? Is it strictly required? We have been stalled for the last month…
It is not impossible in leasehold conveyancing in Radyr to discover Conveyancing in Radyr in a minority of cases reveals that the lease obliges the leasehold owners to insure their individual flats as opposed to the freeholder insuring the whole block - which is clearly preferable. You should double check with your conveyancing practitioner but it would seem that your conveyancer is seeking to establish that the complete building is insured. Insuring your flat is no help when it comes to rebuilding after a fire if the 1st floor cannot be reconstructed as a result of lack of insurance.