The deeds to my home can not be found. The lawyers who did the conveyancing in Cardiff Bay 4 years ago no longer exist. What are my next steps?
Gone are the days when you need to hold title original deeds to prove you own the land or premises, as the Land Registry hold details of all registered land or property electronically.
I'm purchasing a new build house in Cardiff Bay benefiting from help to buy. The builders would not reduce the price so I negotiated £7000 of extras instead. The estate agent told me not to tell my solicitor about the extras as it could jeopardize my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Over the last few months I have been searching for a ground for flat up to £235,500 and identified one close by in Cardiff Bay I like with open areas and station in the vicinity, however it's only got 61 remaining years left on the lease. I can't really find anything else in Cardiff Bay for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you may request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
I need to instruct a conveyancing solicitor for my conveyancing in Cardiff Bay. I happened to discover a site which seems to have the perfect offering If there is a chance to get all the legals completed via email that would be preferable. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
There are a number of properties in Cardiff Bay on private roads. We are purchasing such a house. Are there any advantages to purchasing a property on a privately owned road?
Cardiff Bay conveyancing solicitors will be used to dealing propertieson unadopted roads. The property lawyer will review the Land Registry data to find any rights or responsibilities. It is possible that there is a residents association that owners pay into to maintain the road. If there is one, the road will likely be maintained and appear nicer than council adopted.