Finally the sale completed on my house in Tonteg last February but the buyer keeps Skype messaging every few hours complaining that his solicitor needs to hear from mine. What are the post completion sale formalities following completion?
Post completion of your house sale your lawyer should deliver the transfer documentation and all of the paperwork to the purchaser's solicitors. Depending on the transaction, your conveyancer must also send confirmation that the home loan has been redeemed to the buyers solicitors. There is unlikely to be post completion formalities unique to conveyancing in Tonteg.
What does a local search inform me about the property I am buying in Tonteg?
Tonteg conveyancing often commences with the ordering local authority searches directly from your local Authority or via a personal search organisations for example PSG The local search is essential in every Tonteg conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your property. The search should supply data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.
How does conveyancing in Tonteg differ for new build properties?
Most buyers of new build residence in Tonteg come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is constructed. This is because developers in Tonteg typically buy the site, 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 conveyancers 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 accustomed to new build conveyancing in Tonteg or who has acted in the same development.
I opted to have a survey done on a property in Tonteg ahead of appointing solicitors. I have been told that there is a flying freehold element to the property. The surveyor advised that some mortgage companies will refuse to grant a mortgage on a flying freehold house.
It varies from the lender to lender. HSBC has different requirements for example to Nationwide. If you call us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Tonteg. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm refinancing my existing house to a buy to let mortgage with Accord Mortgages Ltd and intend to use the remaining equity as a down payment on a second property. The area we are interested in is Tonteg. Will your conveyancers be able to act for the two banks and tie in the transactions?
Do use our comparison tool on this page to check that the lawyers are approved by both banks. Assuming that they are your solicitor will be able to tie up the two transactions but you should have a chat with you solicitor and communicate your expectations and requirements.
What could I expect to pay for conveyancing in Tonteg?
Almost all Tonteg conveyancing solicitors will charge a set fee. In the event that additional work become due during the transaction your lawyer should inform you in writing of any additional charges for such work as soon as it becomes obvious. Some work on a no move no cost basis, others will levy an bill for a fraction of the agreed fee, calculated based on the point at which the conveyancing falls through.
It may be helpful for you to obtain various conveyancers to give you an estimate.