My Conveyancer in Sketty is not on the Britannia Solicitor Panel. Can I still retain my family solicitor even though they are not on the Britannia list of approved lawyers?
The limited options available to you here include:
- Complete the purchase with your existing Sketty lawyers but Britannia will need to instruct a conveyancer on their panel. This will inevitably rack up the overall legal fees as well as cause frustration.
- Get a new lawyer to to deal with the purchase, remembering to check they are Britannia approved.
- Persuade your Britannia solicitor to try to join the Britannia panel
I am downsizing from our house in Sketty and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. Any local lawyer would know this is not the case. For the life of me I don't know why the buyers are using a national conveyancing outfit rather than a conveyancing solicitor in Sketty. We have lived in Sketty for three years we know that this is a non issue. Do we get in touch with our local Authority to get clarification need.
It would appear that you have a conveyancing lawyer already. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
The estate agent has sent us the confirmation of our purchase of a new build apartment in Sketty. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Sketty
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Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one close by in Sketty I like with amenity areas and railway links nearby, the downside is that it only has 61 years on the lease. There is not much else in Sketty 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 shortness of the lease will be a potential deal breaker. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you can ask them to commence the lease extension formalities and then assign 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 regarding this.
I need to retain a conveyancing solicitor for sale conveyancing in Sketty. I happened to chance upon a site which seems to have the ideal answer If it is possible to get all formalities completed via email that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am tempted by the attractive purchase price for a two apartments in Sketty which have in the region of 50 years left on the lease term. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the premises for a prescribed time frame. As the lease gets shorter the value of the lease decreases and results in it becoming more expensive to extend the lease. For this reason it is generally wise to extend the lease term. More often than not it is difficult to sell a property with a short lease as mortgage lenders may be unwilling to lend money on such properties. Lease enfranchisement can be a protracted process. We advise that you seek professional assistance from a conveyancer and surveyor with experience in this arena.
Leasehold Conveyancing in Sketty - Sample of Questions you should ask Prior to buying
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In the main the outlay for major works are not included within maintenance charges, albeit that there some managing agents in Sketty obliged leaseholders to pay into a reserve fund created for the specific purpose of building a fund for larger works. You will want to discover as much as you can about the company managing the block as they will affect your use and enjoyment of the property. Being a leasehold owner you will be at the mercy of the managing agents both financially and when it comes to every day matters such as the tidiness of the common parts. Ask prospective neighbours if they are happy with their service. Finally, investigate as to the dates that the service fees are due to the managing agents and precisely what it includes.