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Recently asked questions about conveyancing in Croesyceiliog

I have given 8 weeks notice to my current landlord and must be out of my rented property in Croesyceiliog by 24/1/2019. Conveyancing on my purchase has just started. Is it possible to complete in six weeks as I wish to avoid having to move into short term accommodation?

It is unwise to give notice for your letting unless your lawyer suggests that you should. If you have not previously done so, speak to your solicitor and ask them to they chase the owners lawyers, try to a target completion date that all parties will work towards

We are purchasing a property in Croesyceiliog. I might seem paranoid but how we can trust a conveyancer? At some point we will need to put funds into their account. What protection do we have from them run away with our monies?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

My bid for a property was accepted at auction in Croesyceiliog. Conveyancing is needed. What are my next steps?

Having for in every practical sense signed on the dotted line you must find a conveyancing practitioner soon as you will have a tight deadline in which to complete the purchase. An auction property should have a bespoke auction set of papers. This will likely include evidence of title and search results. Where you are dealing with leasehold property the conveyancing papers should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to leasehold premises. You must pass this on to the lawyer instructed by you as soon as possible. You also need to ensure that you have funds in place to complete the transaction on the set completion date.

This question may be naive but I am wet behind the ears as FTB of a two bedroom flat in Croesyceiliog. Do I collect the keys to the property on the completion date from my lawyer? If this is the case, I will use a High Street conveyancing solicitor in Croesyceiliog?

There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the purchase money to the owner’s solicitors, and shortly after the monies have arrived, you will be invited to receive the keys from the property Agents and move into your new home. This tends to happen early afternoon.

How does conveyancing in Croesyceiliog differ for new build properties?

Most buyers of new build residence in Croesyceiliog contact us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is built. This is because house builders in Croesyceiliog typically buy the land, 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 conveyancers 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 accustomed to new build conveyancing in Croesyceiliog or who has acted in the same development.

I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Croesyceiliog is the location of the property. Can you shed any light on this issue?

Flying freeholds in Croesyceiliog are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Croesyceiliog you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Croesyceiliog 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 residence.

We're novice buyers - had an offer accepted, but the estate agent told us that the seller will only proceed if we use the agent's chosen lawyers as they want an ‘expedited deal’. We would rather use a high street solicitor who is familiar with conveyancing in Croesyceiliog

It is unlikely the vendors are driving this. Should the owner want ‘a quick sale', taking such a hostile approach to a serious buyer is going to damage their objectives. Contact the vendors directly and make sure they understand (a)you are keen to buy (b)you are excited to move forward, with finances in place © you are unencumbered (d) you wish to move quickly (e)however you will continue to appoint your preferred Croesyceiliog conveyancing solicitors - rather thanthe ones that will earn their estate agent a referral fee or hit his conveyancing thresholds demanded by head office.

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Find out more about how flying freehold can affect your the value of a property.