The deeds to our house can not be found. The solicitors who conducted the conveyancing in Cathays 4 years ago are no longer around. Will I be able to sell the house?
In today’s world there are copies made of almost everything, and your lawyer will be aware precisely where to find all the relevant documentation so you may purchase or dispose of your house without any difficulty. Where copies can’t be found, your solicitor may be able to put in place insurance or indemnities protecting you against possible claims on your premises.
I've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what was supposed to be a simple, no chain conveyancing. Cathays is where the house is located. Can you shed any light on this issue?
Flying freeholds in Cathays are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cathays you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cathays may decide 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 residence.
How simple is it to use the search tool to get a quote from a conveyancing practitioner in Cathays on the panel for my bank?
Step one is to choose a bank such as Barclays , Virgin Money or Nottingham Building Society then choose your preferred area for instance Cathays. Conveyancing firms in Cathays and nationally will then be shown.
I am a fortnight into a freehold purchase having been recommend to a firm by the estate agent to perform conveyancing in Cathays. I am am extremely frustrated with the quality of service. Could you you assist me in finding new lawyers?
A solicitor would have to be very bad in order to consider replacing them. Has your mortgage been issued? In the event that it has you must advise them of the new lawyer and have the mortgage documents are re-sent. Your new solicitor ideally should be on the mortgage company approved list to avoid escalating costs and frustration. That should be your starting point. The search tool will help you find a bank approved lawyer for your conveyancing in Cathays
I have just started marketing my 2 bed apartment in Cathays. Conveyancing lawyers have not yet been instructed, but I have recently had a half-yearly service charge demand – should I leave it to the buyer to sort out?
It best that you clear the maintenance contribution as normal as all rents and maintenance charges will be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I acquired a ground floor flat in Cathays, conveyancing formalities finalised in 1999. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Cathays with a long lease are worth £171,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease expires on 21st October 2098
You have 79 years remaining on your lease we estimate the price of your lease extension to range between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to supply the actual costs without more detailed due diligence. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.