I just bought a property at auction in Caerleon. Conveyancing is necessary. What happens now?

Having legally committed yourself to purchase you now have to choose a conveyancing practitioner as a matter of urgency as you are faced with a fast approaching a drop dead date to complete the transaction. Every auction property will ordinarily have a bespoke legal set of papers. This will include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold premises the conveyancing papers should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to leasehold premises. You must pass this on to the lawyer working for you ASAP. You also need to ensure that you have funds organised to complete on the date specified in the contract.

I am aiming to move property in July. Will my conveyancing solicitor update the removal company on the completion day. As an aside, can you put forward a removal company in Caerleon. Conveyancing firm was chosen before I stumbled across your site.

On the day of completion you can collect the keys from your selling agent however this should only happen when the previous owners conveyancers confirm to the agent that they have the completion monies and the keys can be released. After that you will need to tell the removal men that you are ready to move in. We do not recommend a particular removal organisation but can assist you in choosing a residential property solicitor in Caerleon or a lawyer that specialises in conveyancing in Caerleon.

Clydesdale have agreed my mortgage in principle, my bid on a house in Caerleon has been agreed to, now what?

The estate agent will wish to know who your solicitors are (make sure the solicitors are on the lender’s panel). Contact Clydesdale or your broker and finish off any appropriate documentation. Clydesdale will sellect a valuer who will get in touch with the selling agent or seller to book a slot for the valuation to occur. Once conducted (assuming no problems) it takes about a fortnight to get a mortgage offer. Clydesdale will issue the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Caerleon.

A friend suggested that if I am buying in Caerleon I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?

A search of this type is sometimes included in the estimate for your Caerleon conveyancing searches. It is a large report of about 40 pages, listing and setting out important information about Caerleon around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Caerleon Education with plans and statistics, Local Amenities and other useful information about Caerleon.

I decided to have a survey done on a house in Caerleon before retaining conveyancers. I have been informed that there is a flying freehold aspect to the property. Our surveyor has said that some banks tend refuse to issue a mortgage on such a premises.

It depends who your proposed lender is. Bank of Scotland has different instructions from Halifax. If you contact us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Caerleon. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Caerleon to see if the conveyancing will be more expensive.

What is different about your site and other internet conveyancing solicitors when it comes to conveyancing in Caerleon?

At this site obtain a fixed fee quote from a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Caerleon. As opposed to estate agents and brokerage sites we do not operate commission deals with solicitors. Many agents and online brokers 'recommend' solicitors who pay the most kickback, not the best value conveyancing in Caerleon

I've recently bought a leasehold flat in Caerleon. Do I have any liability for service charges relating to a period prior to completion of my purchase?

Where the service charge has already been demanded from the previous lessee 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).

Caerleon Leasehold Conveyancing - Sample of Questions you should ask before buying

Is the freehold owned jointly by the tenants? Is anyone aware of any major works in the near future that will add a premium to the service costs? In the main the outlay for major works are not included within maintenance charges, albeit that a few managing agents in Caerleon obliged leaseholders to pay into a sinking fund created for the specific intention of building a fund for major repairs or maintenance.