I have been told that property searches are the number one reason for hinderance in Tonteg house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not feature within the top 10 causes of delays in the conveyancing process. Searches are not likely to feature in any delay in conveyancing in Tonteg.
four months have elapsed following my purchase conveyancing in Tonteg concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. 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 asset 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.
Due to the input of my in-laws I had a survey completed on a property in Tonteg prior to retaining conveyancers. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some lenders will not give a loan on a flying freehold property.
It varies from the lender to lender. HSBC has different instructions from Nationwide. If you call us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Tonteg. Conveyancing may be slightly more expensive based on your lender's requirements.
I was pointed in your direction by a number of estate agents in Tonteg to get a quote from a property lawyer on your site. Is there a financial advantage for Estate Agents to promote your services over another?
We don’t give any financial incentive for directing people to this site. We thought it would be too underhand to pay a commission as a client could think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
Should I appoint a Tonteg conveyancing solicitor based in the vicinity that I am purchasing? We have a good friend who can deal with the legal work but her office is over three hundred kilometers away.
The primary upside of using a high street Tonteg conveyancing practice is that you can drop in to execute paperwork, deliver your identification documents and apply pressure on them if necessary. Having local Tonteg know how is a benefit. That being said nothing is more important than finding someone that will pull out all the stops for you. If other friends have used your friend and in the main were impressed that must outweigh using an unfamiliar Tonteg conveyancing solicitor just because they are round the corner.
I am on look out for some leasehold conveyancing in Tonteg. Before I set the wheels in motion I want to be sure as to the unexpired term of the lease.
If the lease is recorded at the land registry - and almost all are in Tonteg - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in Tonteg - A selection of Queries before Purchasing
-
What is the length of the lease? Is anyone aware of any major works anticipated that will likely add a premium to the service charges?