I have given 8 weeks notice to my existing landlord and have to vacate my let out apartment in Rhyl by 23/4/2025. Conveyancing on my purchase is underway. Can I complete in six weeks as I wish to avoid having to find short term accommodation?
Generally one should not give notice on a rental unless you have exchanged. If you have not previously done so, contact to your solicitor and request that they chase the sellers side, try to get a realistic time scale from them that all parties will work to achieve
Should our conveyancer be asking questions about flooding during the conveyancing in Rhyl.
The risk of flooding is if increasing concern for conveyancers dealing with homes in Rhyl. Plenty of people will purchase a house in Rhyl, fully aware that at some time, it may suffer from flooding. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or sell the property. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Lawyers are not best placed to impart advice on flood risk, but there are a various searches that can be undertaken by the purchaser or on a buyer’s behalf which should give them a better appreciation of the risks in Rhyl. The standard property information forms given to a buyer’s solicitor (where the Conveyancing Protocol is adopted) contains a usual inquiry of the owner to find out if the property has suffered from flooding. In the event that flooding has previously occurred and is not disclosed by the seller, then a buyer could commence a claim for damages stemming from an incorrect response. The buyer’s solicitors may also commission an environmental search. This should higlight if there is any known flood risk. If so, more detailed investigations will need to be made.
I own a semi-detached Georgian property in Rhyl. Conveyancing solicitor acted for me and The Mortgage Works. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, another for leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register as there may be 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 Rhyl 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 purchasers. You can also question the situation with your conveyancing lawyer who carried out the work.
How does conveyancing in Rhyl differ for new build properties?
Most buyers of new build or newly converted property in Rhyl contact us having been asked by the seller to sign contracts and commit to the purchase even before the property is ready to move into. This is because developers in Rhyl typically buy the site, 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 conveyancing solicitors 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 Rhyl or who has acted in the same development.
I am using a search engine for the words on line conveyancing in Rhyl it brings up many property lawyersin the area. How do I determine which is the suitable property lawyer for my move?
The ideal way of finding the right conveyancer is through a personal referral, so seek the guidance of friends and family who have acquired a property in Rhyl or a reputable estate agent or financial adviser. Costs for conveyancing in Rhyl vary, so it's sensible to request at least three fee estimates from different property lawyers. Dont forget to clarify that the costs are guaranteed not to increase.
I dont have enough spare money to pay a 10% deposit on my house purchase in Rhyl , but I still want to go ahead. What can I do?
One option is to try and accept a lower deposit. Most property owners will accept a lesser deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last moment