How do I find out if the solicitor carrying out my conveyancing in Cyncoed is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for The Royal Bank of Scotland thus spending £187.00 plus VAT in another set of legal costs.
Feel free to make use of the search tool on this page. Pick the mortgage company and type ‘Cyncoed’ or your location and you will be presented with numerous solicitors based in Cyncoed or nearest you.
How does conveyancing in Cyncoed differ for newly converted properties?
Most buyers of new build property in Cyncoed contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is completed. This is because house builders in Cyncoed typically purchase the real estate, 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 accustomed to new build conveyancing in Cyncoed or who has acted in the same development.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one near me in Cyncoed I like with a park and railway links in the vicinity, the downside is that it only has 52 years on the lease. There is not much else in Cyncoed in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a mortgage the shortness of the lease may be a potential deal breaker. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you could ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
Is it possible to swap solicitor as I have to retain a firm on the TSB conveyancing panel. I hired a local conveyancing solicitor in Cyncoed five minutes from me but she is not approved by TSB
It would be our pleasure to assist you find a conveyancing solicitor in Cyncoed on the TSB panel. Please note that the conveyancers that we list do not pay us commission if you instruct them and are authorised and regulated by the SRA who oversee all conveyancing solicitors in Cyncoed. In making use of search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Cyncoed.
Should I use a Cyncoed conveyancing solicitor in close proximity to the house I am purchasing? We have a good friend who can conduct the legal formalities however his firm is located 400kilometers away.
The primary upside of using a high street Cyncoed conveyancing practice is that you can drop in to sign paperwork, hand in your ID and pester them if necessary. They will also have local knowledge which is a benefit. That being said nothing is more important than finding someone that will pull out all the stops for you. If other friends have used your friend and on the whole were happy that must outweigh using an unknown Cyncoed conveyancing lawyer solely due to them being Cyncoed based.