lenderpanel

Find a Abertillery Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Abertillery? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Abertillery transaction at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Abertillery conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Abertillery

We are planning to acquire a house and require a conveyancing solicitor in Abertillery who is on the Co-operative solicitor panel. Could you point me in the right direction as regards a firm?

Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Co-operative . We don't recommend any particular firms conducting conveyancing in Abertillery.

Do I need to pay for insurance to address the risk of chancel repairs when buying a property in Abertillery?

Unless a previous acquisition of the premises completed post 12 October 2013 you may expect conveyancing practitioners delivering conveyancing in Abertillery to remain recommending a chancel search and or chancel repair liability policy.

I used Arc property Solicitors a few years ago for my conveyancing in Abertillery. Now, I need the files but cannot find the solicitor. What do I do?

Do call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Abertillery of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

I am looking for a flat up to £235,500 and identified one close by in Abertillery I like with a park and transport links nearby, however it only has 52 years unexpired on the lease. There is not much else in Abertillery for this price, so just wondered if I would be making a grave error purchasing a short lease?

If you need a home loan that many years will likely be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.

Can you provide any advice for leasehold conveyancing in Abertillery from the point of view of saving time on the sale process?

  • Much of the frustration in leasehold conveyancing in Abertillery can be avoided if you get in touch lawyers the minute your agents start advertising the property and ask them to put together the leasehold documentation which will be required by the buyers’ representatives.
  • Many landlords or managing agents in Abertillery charge for supplying management packs for a leasehold premises. You or your lawyers should discover the fee that they propose to charge. The management information sought as soon as you have a buyer, thus accelerating the process. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most common cause of delay in leasehold conveyancing in Abertillery. Some Abertillery leases require Licence to Assign from the landlord. If this applies to your lease, you should place the estate agents on notice to make sure that the purchasers obtain financial (bank) and professional references. Any bank reference should make it clear that the buyer is able to meet the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their lawyers. If you are supposed to have a share in the freehold, you should make sure that you hold the original share certificate. Arranging a duplicate share certificate can be a time consuming formality and slows down many a Abertillery conveyancing transaction. Where a new share certificate is necessary, you should approach the company director and secretary or managing agents (if relevant) for this as soon as possible. If there is a history of any disputes with your landlord or managing agents it is very important that these are resolved prior to the flat being marketed. The purchasers and their solicitors will be concerned about purchasing a flat where a dispute is unsettled. You will have to accept that you will have to pay any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the purchasers, but it is better to present the dispute as historic as opposed to unsettled.

I invested in buying a ground floor flat in Abertillery, conveyancing having been completed 3 years ago. How much will my lease extension cost? Equivalent flats in Abertillery with a long lease are worth £179,000. The average or mid-range amount of ground rent is £65 yearly. The lease ceases on 21st October 2079

With only 57 years left to run we estimate the price of your lease extension to range between £26,600 and £30,800 as well as plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.

Last updated

Find out more about how flying freehold can affect your the value of a property.