Our family lawyer has sent a quote for £1200 for no completion no fee conveyancing in Roath Park. I am hoping to sell a Victorian property for £275,000. This sounds too much. Is it above the norm for conveyancing in Roath Park?
The estimate does seem a tad overpriced. If you shop around you could reduce the fees marginally by say a hundred pounds. On the other hand, you mightcome to regret opting for an a cheaper solicitor. If is important to enquire the firm can also act for your mortgage company. Do employ our search tool to select a Roath Park conveyancing firm on the banks conveyancing panel which can often include conveyancing solicitors in Roath Park.
Are you able to suggest a HSBC Bank accepted Roath Park conveyancing solicitor that can complete within a short deadline? Would it be better to use a local Roath Park practice or a national conveyancer?
We would be happy to suggest some excellent Roath Park conveyancing firms. You can also walk up the main road in Roath Park. Go in to a couple of firms and ask to see a conveyancing solicitor for a fee estimate. Discuss your requirements together with your reasons and ask for a commitment on speed. Appoint the lawyer that appears most efficient.
4 months have gone by following my purchase conveyancing in Roath Park concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm buying a new build house in Roath Park with a mortgage from Godiva Mortgages Ltd. The sellers refused to reduce the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep told me not inform my conveyancer about this side-deal as it will jeopardize my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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.
I decided to have a survey done on a property in Roath Park before instructing lawyers. I have been told that there is a flying freehold element to the house. The surveyor advised that some banks may refuse to issue a loan on such a home.
It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. If you contact us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Roath Park. Conveyancing may be slightly more expensive based on your lender's requirements.
I only have 72 years unexpired on my flat in Roath Park. I now wish to get lease extension but my freeholder is can not be found. What options are available to me?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. However, you will be required to demonstrate that you have done all that could be expected to track down the freeholder. In some cases a specialist may be helpful to try and locate and to produce a report to be accepted by the court as evidence that the landlord can not be located. It is wise to seek advice from a conveyancer both on proving the landlord’s absence and the vesting order request to the County Court overseeing Roath Park.
Roath Park Leasehold Conveyancing - Sample of Questions you should ask Prior to Purchasing
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Make sure you investigate if there are any onerous restrictions in the lease. For example some leases prohibit pets being allowed in certain buildings in Roath Park. If you love the propertyin Roath Park but your cat can’t move with you then you will be presented with a hard compromise. Does the lease contain onerous restrictions? On the whole the outlay for major works tend not to be included within maintenance charges, although a few managing agents in Roath Park require leasehold owners to pay into a reserve fund and this is used to offset against larger repairs or maintenance.