The lawyer who helped my previous purchase has sent a quote for £1400 for no sale no fee conveyancing in Tongwynlais. I’m selling a Edwardian property for £300,000. Are these estimated fees excessive? Is it above the norm for conveyancing in Tongwynlais?
The charges are a little high. If you shop around you might decrease the fees slightly by as much as £125. That being said, you couldlive to regret opting for an a cheaper lawyer. Don't forget to be sure that the firm can represent your lender. You can use our search tool to select a Tongwynlais conveyancing firm on the lender’s member panel which can often include conveyancing solicitors in Tongwynlais.
My property lawyer in Tongwynlais has never been on on the Aldermore Conveyancing Panel. Is it possible for me to retain my family solicitor notwithstanding that they are excluded from the Aldermore panel of approved conveyancing solicitors?
The limited options available to you here include:
- Complete the purchase with your existing Tongwynlais solicitors but Aldermore will need to instruct a lawyer on their list of acceptable firms. This will inevitably rack up the overall conveyancing fees as well as cause frustration.
- Find a new lawyer to to deal with the purchase, obviously checking they are on the Aldermore panel
Me and my brother own a semi-detached Georgian property in Tongwynlais. Conveyancing lawyer acted for me and Platform Home Loans Ltd. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold under the exact same property. I thought I was buying a freehold how can I check?
You should read 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Tongwynlais and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with the conveyancing solicitor who conducted the conveyancing.
I'm purchasing a new build house in Tongwynlais with the aid of help to buy. The developers refused to reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent suggested that I not inform my solicitor about the deal as it would affect my loan with Halifax. Do I keep my lawyer in the dark?.
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.
Due to the guidance of my in-laws I had a survey completed on a property in Tongwynlais ahead of retaining solicitors. I have been advised that there is a flying freehold element to the property. My surveyor has said that some lenders may not give a loan on this type of house.
It varies from the lender to lender. HSBC has different requirements from Nationwide. If you contact us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Tongwynlais. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Tongwynlais to see if the conveyancing costs will increase in light of this.
I’m about to sell my garden apartment in Tongwynlais. Conveyancing has not commenced, however I have just received a yearly maintenance charge demand – Do I pay up?
The sensible thing to do is clear the invoice as you normally would because all ground rent and service payments will be allotted on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Tongwynlais Leasehold Conveyancing - Sample of Queries before Purchasing
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The answer will be useful as a) areas may result in problems in the block as the communal areas may begin to deteriorate where repairs are not paid for b) if the tenants have a dispute with the managing agents you will want to know about it If a Tongwynlais lease has fewer than eighty years it will affect the value of the apartment. It is worth checking with your mortgage company that they are content with remaining years on the lease. Leases with less than 80 years remaining means that you will almost definitely have to extend the lease sooner rather than later and it is worth discovering how much this will be. For most Tongwynlaislease extensions you will be required to have owned the residence for two years in order to be entitled to carry out a lease extension.