Do the conveyancing solicitors identified via your search tool conduct conveyancing in Bridgend by way of an attended exchange?
We do have a number of conveyancing specialists carrying out attended exchanges. You should contact us to secure a costs illustration and details as to dates.
We're in Bridgend, First timers purchasing with a mortgage (lender is Leeds Building Society , and our lawyer is on the Leeds Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Leeds Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I opted to have a survey carried out on a house in Bridgend in advance of instructing solicitors. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some banks may not give a loan on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. Should you wish to call us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Bridgend. Conveyancing will be smoother if you use a solicitor in Bridgend especially if they are familiar with such properties in Bridgend.
I am a negotiator for a busy estate agency in Bridgend where we see a few leasehold sales derailed due to short leases. I have been given contradictory information from local Bridgend conveyancing solicitors. Could you shed some light as to whether the owner of a flat can initiate the lease extension process for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Bridgend Conveyancing for Leasehold Flats - Examples of Questions you should ask before buying
Make sure you find out if the the lease contains any unreasonable restrictions in the lease. By way of example some leases prohibit pets being allowed in in a block in Bridgend. If you love the propertyin Bridgend yet your dog can’t live with you then you have a very difficult choice. The best form of lease arrangement is a share of the freehold. In this arrangement the lessees benefit from control and although a managing agent is often employed where the building is larger than a house conversion, the managing agent retained by the leaseholders. Who manages the block?
Me and my partner are buying a leasehold maisonette in Bridgend. Conveyancing estimates are coming in at around £two thousand. Does that seem right?
The average fee last year for conveyancing in Bridgend was £1,395 not including Stamp Duty and HMLR charges.