After what seems like an age a mortgage agreement from Santander for the remortgage of my single bedroom flat is due any day now. Could you put forward a low cost conveyancing solicitor in Torfaen?
You have arrived at the wrong place to search for a cheap conveyancing in Torfaen. Our goal is to offer excellent value conveyancing but our intention is not to advertise as being the cheapest. Resist the temptation to appoint brokers offering the bait of £100 conveyancing in Torfaen. At best, in being led by cheap conveyancing, you will get your money’s worth and at worst it will result in you being stung for additional fees and still not receive the service you were looking for.
My wife and I are planning on selling our house in Torfaen and according to the buyers it appears that there is a risk of it being built on contaminated land. Any high street Torfaen conveyancer would know this is not the case. It does beg the question why the buyers instructed an online conveyancing outfit rather than a conveyancing solicitor in Torfaen. Having lived in Torfaen for three years we know of no issue. Is it a good idea to contact our local Authority to seek confirmation need.
It would appear that you have a conveyancing firm already. Are they able to advise? You should check with 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 life insurance to cover that same illness)
How does conveyancing in Torfaen differ for new build properties?
Most buyers of new build premises in Torfaen approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is constructed. This is because house builders in Torfaen typically 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 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 Torfaen or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a property in Torfaen in advance of instructing conveyancers. I have been informed that there is a flying freehold overhang to the property. My surveyor advised that some lenders tend refuse to issue a mortgage on such a home.
It varies from the lender to lender. HSBC has different instructions from Birmingham Midshires. Should you wish to call us we can check 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 Torfaen. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Torfaen to see if the conveyancing costs will increase in light of this.
Hoping to buy a property located in Torfaen and I am already nervous. I couldn't find anything specific about Torfaen. Conveyancing will be needed in due course but do you know about the Torfaen area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Torfaen. In the meantime here are some basic statistics that we found
Midway through the sale of a leasehold flat in Torfaen. Conveyancing solicitors are doing their job but we have been asked to pay a fortune from the freeholder. So far we have forked out £250 for a leasehold management information and then another £200 plus VAT for supplemental queries raised by the purchaser's lawyer.
Your conveyancing practitioner will unlikely have any impact over the level of the charges for this information however the average costs for the information for Torfaen leasehold premises is £360. For Torfaen conveyancing transactions it is customary for the vendor to cover the costs. The landlord or their agents are not duty bound to address such questions although many will agree to do so - albeit often at exorbitant prices out of proportion to the work involved. Unfortunately there is no law that mandates fixed fees for administrative tasks. There is no statutory time frame by which they are obliged to issue answers.