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Recently asked questions about conveyancing in Cardiff Bay

Will conveyancers request money up-front for conveyancing in Cardiff Bay?

Where you are retaining lawyers for conveyancing in Cardiff Bay your lawyer will ask you put them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. If any down payment is as part of the total price then this should be needed immediately before exchange of contracts. The closing balance that is needed should be sent to your lawyer a couple of days ahead of the completion date.

Will my conveyancer be making enquiries concerning flooding as part of the conveyancing in Cardiff Bay.

Flooding is a growing risk for lawyers specialising in conveyancing in Cardiff Bay. There are those who acquire a property in Cardiff Bay, completely aware that at some time, it may be flooded. However, leaving to one side the physical destruction, where a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or dispose of the property. There are steps that can be taken during the course of a house purchase to forewarn the buyer.

Lawyers are not best placed to impart advice on flood risk, however there are a number of checks that can be carried out by the purchaser or by their solicitors which can give them a better appreciation of the risks in Cardiff Bay. The conventional set of property information forms given to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual inquiry of the vendor to discover if the property has suffered from flooding. If flooding has previously occurred and is not disclosed by the owner, then a purchaser could commence a legal claim for losses as a result of such an incorrect answer. A buyer’s conveyancers should also conduct an enviro report. This should disclose if there is a recorded flood risk. If so, further investigations should be conducted.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Cardiff Bay. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Set out below is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Cardiff Bay

    Please provide evidence that the form of Lease proposed has been approved by the Land Registry. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.

Should I use a Cardiff Bay conveyancing practitioner based in the area that I am hoping to buy? I have an old university friend who can carry out the legal formalities however they are based 300kilometers drive away.

The benefit of a high street Cardiff Bay conveyancing practice is that you can visit the firm to execute paperwork, present your identification documents and pester them if necessary. They will also have local intelligence which is a benefit. However nothing is more important than finding someone that will pull out all the stops for you. If if people you trust instructed your friend and they were content that must surpass using an unknown Cardiff Bay conveyancing lawyer just because they are Cardiff Bay based.

I am hoping to put an offer on a small detached house that appears to tick a lot of boxes, at a reasonable price which is making it more attractive. I have subsequently discovered that it's a leasehold rather than freehold. I am assuming that there are issues purchasing a leasehold house in Cardiff Bay. Conveyancing advisers have are about to be instructed. Will they explain the issues?

The majority of houses in Cardiff Bay are freehold rather than leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can assist with the conveyancing process. it is apparent that you are buying in Cardiff Bay in which case you should be shopping around for a Cardiff Bay conveyancing practitioner and be sure that they have experience in dealing with leasehold houses. First you will need to check the unexpired lease term. As a leaseholder you will not be at liberty to do whatever you want to the property. The lease comes with conditions such as requiring the freeholder’sconsent to carry out alterations. It may be necessary to pay a maintenance charge towards the maintenance of the communal areas where the property is part of an estate. Your lawyer will advise you fully on all the issues.

Cardiff Bay Conveyancing for Leasehold Flats - Sample of Queries before buying

    Many Cardiff Bay leasehold flats will have a service bill for the upkeep of the building invoiced by the management company. If you acquire the property you will have to meet this liability, normally in instalments throughout the year. This may be anything from two or three hundred pounds to thousands of pounds for large purpose-built blocks. In all likelihood there will be a ground rent to be met yearly, this is usually not a exorbitant amount, say approximately £25-£75 but you should to check it because on occasion it can be surprisingly expensive. Please tell me if there are any major works on the horizon that will increase the maintenance charges?

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