My husband and I are purchasing a ground floor flat in Abercarn. My property lawyer has never been on on the lender approved panel. Is it possible for me to retain my Abercarn conveyancing solicitor notwithstanding that they are not on the mortgage company list of approved lawyers?
You have a number of options available to you here
- Proceed with your preferred Abercarn solicitor but your mortgage company will need to retain a conveyancing practitioner on their approved panel. The net result is additional fees together with potential delay.
- Choose a new solicitor to act in the purchase, ensuring that they are on the bank conveyancing panel.
- Appeal to your conveyancer to seek to join the lender panel
Do the conveyancing lawyers via your comparison service conduct attended exchange conveyancing in Abercarn?
We do have a number of conveyancing specialists carrying out 24hr exchanges. Do contact us to obtain a fee calculation and details as to dates.
It is 10 years ago since I bought my house in Abercarn. Conveyancing solicitors have just been retained on the sale but I am unable to track down the title documents. Will this jeopardise the sale?
Don’t worry too much. First there is a possibility that the deeds will be kept by the mortgage company or they may be in the possession of the conveyancers who oversaw your purchase. Secondly the chances are that the land will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing lawyers obtaining current official copies of the land registers. Most conveyancing in Abercarn relates to registered property but in the rare situation where your home is not registered it adds to the complexity but is not insurmountable.
What makes your site different to alternative internet conveyancing solicitors for conveyancing in Abercarn?
At this site receive a conveyancing quote via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Abercarn. Unlike many estate agents and many comparison sites we do not charge firms a commission if you instruct them for your property ownership legalities in Abercarn
Last December I purchased a leasehold property in Abercarn. Am I liable to pay service charges for periods before completion of my purchase?
In a situation 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. A critical element of leasehold conveyancing for your conveyancer to ensure 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 bought a leasehold flat in Abercarn, conveyancing formalities finalised September 2001. How much will my lease extension cost? Corresponding properties in Abercarn with an extended lease are worth £165,000. The average or mid-range amount of ground rent is £50 yearly. The lease terminates on 21st October 2096
With only 77 years left to run we estimate the premium for your lease extension to span between £7,600 and £8,800 as well as professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.