Do all mortgage companies provide you with an approved list of Roath Park conveyancing solicitors? How do you know who is on the Lloyds conveyancing panel?
Roath Park conveyancing firms themselves provide us confirmation that they are on the Lloyds conveyancing panel as opposed to being supplied with a list from Lloyds directly.
My lender has suggested a law firm on their panel based in Roath Park but I would rather use a conveyancing lawyer in Roath Park local to me. Can you assist?
It is by no means the case that all Roath Park conveyancing practices are on all banks conveyancing panel. Use our search tool to find a Roath Park conveyancing solicitor on the on the mortgage company panel.
I bought my apartment on 14 March and the transaction details is not yet on the land registry website. Need I be worried? My conveyancing solicitor in Roath Park advises it should be concluded inside ten days. Are properties in Roath Park particularly slow to register?
As far as conveyancing in Roath Park registration is no quicker or slower than the rest of the country. Rather than based on location, timeframes can adjust according to the party submitting the application, whether it is in order and whether the Land registry communicate with any interested parties. At present approximately 80% of submission are fully addressed in less than three weeks but occasionally there can be extensive delays. Registration is effected after the purchaser is living at the property therefore 'speed' is not typically top priority but where there is a degree of urgency associated with the registration then you or your conveyancer should communicate with the Registry to express the reasoning for the application to be prioritised.
Over the last few months I have been searching for a flat up to £195,000 and identified one near me in Roath Park I like with a park and station nearby, the downside is that it's only got 61 remaining years left on the lease. There is not much else in Roath Park for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term will likely be problematic. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
What does commercial conveyancing in Roath Park cover?
Roath Park conveyancing for business premises covers a wide array of guidance, given by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer 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 mortgages and the termination of tenancies.
I own a leasehold house in Roath Park. Conveyancing and Accord Mortgages Ltd mortgage organised. A letter has just been received from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1991. The conveyancing solicitor in Roath Park who previously acted has long since retired. Do I pay?
The first thing you should do is make enquiries of the Land Registry to make sure that the individual purporting to own the freehold is indeed the new freeholder. There is no need to instruct a Roath Park conveyancing firm to do this as it can be done on-line for a few pound. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I inherited a garden flat in Roath Park, conveyancing was carried out in 2004. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Roath Park with over 90 years remaining are worth £195,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease ceases on 21st October 2087
With just 62 years unexpired we estimate the premium for your lease extension to range between £17,100 and £19,800 plus legals.
The figure 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 investigations. You should not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.