Can the conveyancing practitioners that are recommend carry out auction conveyancing in Bryncoch?
There are a number of auction solicitors we can put you in touch with those who can conduct auction conveyancing. Bryncoch is one of our areas of where our lawyers have offices.
I am considering applying for a Kent Reliance mortgage for purchase of a new build (under development) in Bryncoch with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Kent Reliance ?
There is nothing to stop you using your solicitor, but Kent Reliance will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
It has been five months since my purchase conveyancing in Bryncoch completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
What is different about your site and other online quote calculators when it comes to conveyancing in Bryncoch?
At this site receive an accurate quote from a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Bryncoch. As opposed to estate agents and many comparison sites we do not have commission deals with solicitors. Many agents and online brokers 'recommend' the firm who pay the highest commission, not the best value conveyancing in Bryncoch
I am a negotiator for a busy estate agency in Bryncoch where we see a few flat sales jeopardised as a result of short leases. I have been given contradictory information from local Bryncoch conveyancing firms. Can you shed some light as to whether the owner of a flat can initiate the lease extension formalities for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the disposal of the property.
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.
Leasehold Conveyancing in Bryncoch - Sample of Questions you should consider before Purchasing
Plenty Bryncoch leasehold apartments will be liable to pay a service bill for maintenance of the building levied on behalf of the management company. If you acquire the flat you will have to pay this liability, normally in instalments accross the year. This may be anything from a few hundred pounds to thousands of pounds for large purpose-built blocks. There will also be a ground rent to be met annual, normally this is not a significant figure, say about £25-£75 but you need to enquire as on occasion it could be many hundreds of pounds. It would be sensible to discover as much as possible regarding the company managing the building as they will either make life much easier or problematic. Being a leasehold owner you will be at the mercy of the managing agents both financially and when it comes to day to day matters such as the tidiness of the communal areas. Don't be afraid to ask prospective neighbours what they think of them. Finally, find out the dates that the maintenance fees are due to the managing agents and specifically how they are spending the funds. How much is the yearly maintenance fee and ground rent?