We were just about to sign contracts for a leasehold flat in Creigiau. We have hit a problem. Our loan offer with Britannia runs out on 5/7/2022 but the owners are suggesting a completion date of 7/7/2022. Is it possible to extend the loan offer?
The person best placed to deal with your concern is your lawyer who should calculate whether they corresponding with the lender, vendor’s lawyers, property agents or conceivably all parties taking into account what has happend in your house move as of today.
We are selling our house in Creigiau and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. A local lawyer would know this is not the case. For the life of me I don't know why the buyers instructed a nationwide conveyancing firm rather than a conveyancing solicitor in Creigiau. Having lived in Creigiau for 4 years we know of no issue. Is it a good idea to get in touch with our local Authority to seek confirmation need.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
I am looking for a leasehold apartment up to £245,000 and found one near me in Creigiau I like with a park and railway links in the vicinity, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Creigiau for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you require a home loan the remaining unexpired lease term will be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
I am selling my house. My former lawyers have shut. I am in need of a recommendation of a conveyancing firm. Im based in Creigiau if that makes a difference.
Do use our search tool to help you find a solicitor for your conveyancing in Creigiau. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I today plan to offer on a house that seems to be perfect, at a great price which is making it more attractive. I have since been informed that it's a leasehold as opposed to freehold. I would have thought that there are issues purchasing a house with a leasehold title in Creigiau. Conveyancing solicitors have not yet been appointed. Will my lawyers set out the implications of buying a leasehold house in Creigiau ?
Most houses in Creigiau are freehold rather than leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are buying in Creigiau so you should seriously consider looking for a Creigiau conveyancing solicitor and check that they have experience in advising on leasehold houses. First you will need to check the unexpired lease term. Being a lessee you will not be at liberty to do whatever you want to the property. The lease comes with conditions such as obtaining the landlord’spermission to conduct alterations. It may be necessary to pay a service charge towards the maintenance of the estate where the property is located on an estate. Your lawyer will appraise you on the various issues.
Creigiau Leasehold Conveyancing - Sample of Questions you should ask Prior to buying
The prefered form of lease arrangement is a share of the freehold. In this arrangement the tenants have being in charge if their destiny and even though a managing agent is frequently employed where the building is larger than a house conversion, the managing agent acts for the leaseholders themselves. How many years are left on the lease?