We are about to exchange contracts for a leasehold flat in Trefriw. We have hit a stumbling block. The mortgage offer with Britannia expires on 4/8/2025 but the vendors are suggesting a completion date of 6/8/2025. Is it possible to prolong the mortgage expiry date?
The best person to deal with your issue is your conveyancer who is in a position to determine whether they should be discussing with the mortgage company, seller’s representatives, selling agents or indeed all three given the history of your house move as of today.
We hope to to buy with Darlington Building Society. We have called around locally but am unable to find a Trefriw conveyancing firm on the Darlington Building Society approved list. Please you help?
Feel free to make the most of the search tool on this web page. Pick the lender and type Trefriw or your location and you will discover numerous conveyancers located in Trefriw or nearest you.
Will our conveyancer be raising questions about flooding as part of the conveyancing in Trefriw.
Flooding is a growing risk for solicitors carrying out conveyancing in Trefriw. Plenty of people will purchase a house in Trefriw, completely aware that at some time, it may suffer from flooding. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or dispose of the premises. Steps can be carried out during the course of a house purchase to forewarn the purchaser.
Lawyers are not qualified to impart advice on flood risk, but there are a numerous checks that may be carried out by the buyer or on a buyer’s behalf which should figure out the risks in Trefriw. The conventional set of completed inquiry forms sent to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) contains a standard question of the seller to determine whether the property has suffered from flooding. In the event that the premises has been flooded in past and is not revealed by the owner, then a purchaser may commence a compensation claim stemming from an inaccurate answer. A purchaser’s solicitors will also order an environmental report. This should disclose if there is a recorded flood risk. If so, more detailed investigations will need to be made.
My company is wishing to lease a unit on the high street. Can you recommend lawyers offering competitive fees for commercial conveyancing in Trefriw for less than £1,200?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Trefriw, including the sale and purchase of businesses as well as simply property. Whether you are hoping to buy or dispose of a shop, pub, restaurant, office, retail premises or a complete business we will put you in touch with the right lawyer. Regarding the charges this will depend on the structure and heads of terms of the proposed transaction. Please provide us with your details or telephone so as to enable us to furnish you with a fixed commercial conveyancing calculation.
I've recently bought a leasehold flat in Trefriw. Am I liable to pay service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I own a 2 bed flat in Trefriw, conveyancing having been completed 5 years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Trefriw with an extended lease are worth £180,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease expires on 21st October 2083
With just 58 years left to run we estimate the premium for your lease extension to range between £21,900 and £25,200 as well as costs.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.
We are soon to buying a home in Trefriw. Could our conveyancer keep the amount we are are buying for private from sites such as Nestoria. How do I make sure this is not disclosed?
HM Land Registry as a matter of law bound to specify price sold data on a register of the title for residential properties nationwide which includes premises in Trefriw. The register of title is an open document, so HMLR would be breaching their statutory duty if they failed to allow access to the register.
You can make a request of HMLR to withhold the price paid data however the answer will be in the negative.