As someone unfamiliar with conveyancing in Cardiff Bay what is the number one tip you can impart for the legal transfer of property in Cardiff Bay

Not many law firms shout this from the rooftops but conveyancing in Cardiff Bay or throughout Cardiff is an adversarial process. In other words, when it comes to conveyancing there exists plenty of opportunity for conflict between you and other parties involved in the legal transfer of property. For instance, the vendor, selling agent and sometimes the lender. Choosing a solicitor for your conveyancing in Cardiff Bay is a critical decision as your conveyancer is your adviser, and is the ONLY person in the legal process whose role it is to look after your best interests and to keep you safe.

There is a distinct emergence in the "blame" culture- someone must be at fault for the process taking so long. We recommend that you should always trust your conveyancer ahead of all other parties when it comes to the legal assignment of property.

How does conveyancing in Cardiff Bay differ for newly converted properties?

Most buyers of new build property in Cardiff Bay approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is built. This is because builders in Cardiff Bay usually buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Cardiff Bay or who has acted in the same development.

I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a straight forward, chain free conveyancing. Cardiff Bay is where the house is located. Can you shed any light on this issue?

Flying freeholds in Cardiff Bay are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Cardiff Bay you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cardiff Bay may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

Hoping to buy a property located in Cardiff Bay and I am already nervous. I couldn't find anything specific about Cardiff Bay. Conveyancing will be needed in due course but do you know about the Cardiff Bay area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Cardiff Bay. In the meantime here are some basic statistics that we found

What makes a Cardiff Bay lease unmortgageable?

Leasehold conveyancing in Cardiff Bay is not unique. Most leases are unique and drafting errors can sometimes mean that certain clauses are erroneous. For example, if your lease is missing any of the following, it could be defective:

A provision to repair to or maintain elements of the building A duty to insure the building

You will have a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Santander, The Royal Bank of Scotland, and Bank of Ireland all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to provide security, obliging the purchaser to withdraw.

Cardiff Bay Conveyancing for Leasehold Flats - Examples of Queries Prior to buying

How long is the Lease? Are any of leasehold owners in arrears of their service charge liability? How is the lease structured?