I was advised today by my mortgage broker that my Splott property lawyer is not on the mortgage company Conveyancing panel. What can I do to check?
The sensible course of action for you to take is to contact your Splott conveyancer. It is reasonable to expect your lawyer to inform you of the situation. Where they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your bank.
We are planning to acquire a flat and need a conveyancing solicitor in Splott who is on the TSB approved panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for TSB . We don't recommend any particular firms conducting conveyancing in Splott.
What is the best way to investigate if the solicitor conducting my conveyancing in Splott is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Virgin Money thus paying £192.00 in additional conveyancing costs.
Please do make use of the search tool on this page. Please choose the mortgage company and type ‘Splott’ or your preferred area and you will discover numerous solicitors located in Splott or by proximity to you.
I purchased a renovated Edwardian property in Splott. Conveyancing solicitor acted for me and Alliance & Leicester . I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, the second leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Splott 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 check the position with your conveyancing solicitor who conducted the conveyancing.
How does conveyancing in Splott differ for newly converted properties?
Most buyers of new build residence in Splott come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is finished. This is because developers in Splott usually buy the real estate, 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 property lawyers 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 Splott or who has acted in the same development.
I am looking for a leasehold apartment up to £245,000 and found one near me in Splott I like with a park and railway links in the vicinity, the downside is that it's only got 61 years on the lease. There is not much else in Splott in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
If you need a mortgage the remaining unexpired lease term will be a potential deal breaker. Reduce 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 twenty four months you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.