My wife and I are due to exchange on the purchase of a property in Colwyn Bay but as a result of wreckage from the recent storms I have managed to agree recompense from the vendor in the sum of three thousand pounds by way of a reduction in the price. I had intended this to be addressed as part of amending the contract but Kent Reliance will not agree to this. Should they have been approached?
Any solicitor that is on the Kent Reliance approved list is duty bound to advise Kent Reliance of any amendments to the purchase price. If you prohibit your solicitor to notify the reduction to Kent Reliance then they would have to discontinue acting for you. In addition, Kent Reliance and you would have to appoint a new solicitor for your conveyancing in Colwyn Bay.
What will a local search tell me concerning the property my wife and I buying in Colwyn Bay?
Colwyn Bay conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search company such as Searchflow The local search plays an important role in many a Colwyn Bay conveyancing purchase; as long as you don’t want any nasty surprises after you move into your new home. The search will provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
Over the last few months I have been searching for a ground for flat up to £305k and identified one close by in Colwyn Bay I like with amenity areas and transport links in the vicinity, however it only has 51 years unexpired on the lease. I can't really find anything else in Colwyn Bay in this price bracket, so just wondered if I would be making a grave error buying a short lease?
Should you need a mortgage the remaining unexpired lease term will be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.
Is it possible to switch conveyancer as I have to find a firm on the The Royal Bank of Scotland conveyancing list. I was using a local conveyancing solicitor in Colwyn Bay round the corner but the firm is not approved by The Royal Bank of Scotland
It would be our pleasure to help you find a conveyancing solicitor in Colwyn Bay on the The Royal Bank of Scotland panel. Please note that the conveyancers that we list do not pay us commission if you instruct them and are fully regulated by the SRA who regulate all conveyancing solicitors in Colwyn Bay. Using search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Colwyn Bay.
My husband and I may need to let out our Colwyn Bay basement flat temporarily due to a new job. We used a Colwyn Bay conveyancing firm in 2001 but they have closed and we did not think at the time seek any guidance as to whether the lease prohibits the subletting of the flat. How do we find out?
A small minority of properties in Colwyn Bay do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord cannot unreasonably refuse but, in such cases, they would need to review references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
I am the registered owner of a garden flat in Colwyn Bay, conveyancing was carried out in 2002. How much will my lease extension cost? Comparable properties in Colwyn Bay with a long lease are worth £180,000. The ground rent is £65 per annum. The lease comes to an end on 21st October 2080
With only 59 years left to run we estimate the price of your lease extension to range between £20,900 and £24,200 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.