It is is a decade since I purchased my home in Ammanford. Conveyancing solicitors have recently been instructed on the sale but I can't locate my title deeds. Will this jeopardise the sale?

You need not be too concerned. Firstly there is a possibility that the deeds will be kept by the mortgage company or they could stored with the lawyers who oversaw the purchase. Secondly in all probability the property will be recorded at the land registry and you will be able to prove you own the property by your conveyancing solicitors procuring current official copies of the land registers. The vast majority of conveyancing in Ammanford involves registered property but in the rare situation where your home is unregistered it adds to the complexity but is resolvable.

I opted to have a survey carried out on a property in Ammanford in advance of appointing solicitors. I have been told that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies will not issue a loan on such a property.

It depends who your proposed lender is. Santander has different instructions for example to Nationwide. Should you wish to telephone us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Ammanford. Conveyancing will be smoother if you use a solicitor in Ammanford especially if they are familiar with such properties in Ammanford.

I am one month into a leasehold purchase having been recommend to conveyancers by the selling agent to execute conveyancing in Ammanford. We are not happy. Can you help me find new lawyers?

They would need to be really poor in order to consider diss instructing them. Has your mortgage been sent? If so you need to advise them of the new contact details and ensure the mortgage documents are re-issued. Your solicitor ideally should be on the lenders panel to avoid escalating expenses and delays. That should be your first question of the new conveyancers. Our search tool will assist you in finding a lender approved conveyancer for your conveyancing in Ammanford

I am tempted by the attractive purchase price for a two flats in Ammanford which have in the region of forty five years left on the leases. Will this present a problem?

A lease is a legal document that entitles you to use the property for a prescribed time frame. As the lease gets shorter the marketability of the lease reduces and it becomes more expensive to extend the lease. For this reason it is often a good idea to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease as mortgage lenders may be unwilling to lend money on such properties. Lease enfranchisement can be a protracted process. We advise that you seek professional assistance from a conveyancer and surveyor with experience in this arena.

Leasehold Conveyancing in Ammanford - A selection of Questions you should ask before buying

Is the freehold owned jointly by the leaseholders? Where a Ammanford lease has less than eighty years it will affect the marketability of the property. It is worth checking with your bank that they are content with residual term of the lease. Leases with fewer than 80 years remaining means that you will most likely have to extend the lease at some point and it is worth finding out what this would cost. Remember, in most cases you will need to own the residence for 24 months in order to be entitled to carry out a lease extension.

I am buying a maisonette and cash is in place. I have provided conveyancer with two separate forms of photo identification, bank statement, numerous utility bills. Now he wants a copy from a probate lawyer advising that the funds are legitimate and that it has come from inheritance and not dealing E's in Ibiza.

In today’s world you will not be able to complete any Ammanford conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Proof of your source of funds is required under Money Laundering Regulations.