I have recentlyfound out that Wolstenholmes have closed. They carried out my conveyancing in Felinheli for a purchase of a leasehold apartment 12 months ago. How can I check that the property is in my name in the name of the former proprietor?
The easiest way to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Felinheli conveyancing specialists.
I opted to have a survey carried out on a property in Felinheli ahead of instructing solicitors. I have been told that there is a flying freehold overhang to the house. Our surveyor has said that some banks will refuse to issue a mortgage on such a property.
It depends who your proposed lender is. Santander has different instructions for example to Halifax. If you call us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Felinheli. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Felinheli to see if the conveyancing costs will increase in light of this.
I am looking into buying my first house which is in Felinheli and I am already nervous. I couldn't find anything specific about Felinheli. Conveyancing will be needed in due course but do you know about the Felinheli area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Felinheli. In the meantime here are some basic statistics that we found
I have been sourcing a conveyancing practitioner in Felinheli for my house move. Is it possible to review a firm’s complaints history with the profession’s regulator?
You may find documented Solicitor Regulator Association (SRA) determinations stemming from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find details Pre 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The regulator sometimes monitor call for training requirements.
What are the frequently found problems that you encounter in leases for Felinheli properties?
Leasehold conveyancing in Felinheli is not unique. All leases are individual and legal mistakes in the legal wording can result in certain provisions are missing. For example, if your lease is missing any of the following, it could be defective:
A provision for the recovery of money spent for the benefit of another party. A duty to insure the building
A defective lease can cause issues when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. HSBC Bank, The Royal Bank of Scotland, and Bank of Ireland all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the purchaser to withdraw.
I am the registered owner of a 1st floor flat in Felinheli, conveyancing having been completed February 1996. How much will my lease extension cost? Corresponding flats in Felinheli with a long lease are worth £197,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease ceases on 21st October 2075
With just 55 years remaining on your lease we estimate the price of your lease extension to be between £31,400 and £36,200 plus professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.