My apartment in Kidwelly is up for sale and I have accepted an offer. Does the conveyancer need to be required to be on the Virgin Money conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Virgin Money conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently currently.
Despite weeks of looking the Title Certificate and documents to my house can not be found. The solicitors who conducted the conveyancing in Kidwelly 10 years ago no longer exist. Will I be able to sell the house?
Assuming you have a registered title the details of your ownership will be documented by the Land Registry with a Title Number. It is possible to conduct a search at the Land Registry, find your property and order current copies of the Registered Entries for less than a fiver. Where the title is Leasehold then the Land Registry will in most cases hold a certified copy of the Registered Lease and again, a copy can be ordered for a small fee.
I decided to have a survey carried out on a house in Kidwelly in advance of retaining solicitors. I have been advised that there is a flying freehold overhang to the property. Our surveyor has said that some banks will not give a mortgage on this type of premises.
It depends who your proposed lender is. Lloyds has different instructions for example to Halifax. If you call us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Kidwelly. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Kidwelly to see if the conveyancing will be more expensive.
As co-executor for the will of my uncle I am disposing of a property in Monmouth but live in Kidwelly. My lawyer (approximately 260 kilometers awayhas requested that I execute a stat dec prior to completion. Can you recommend a conveyancing solicitor in Kidwelly to witness this legal document for me?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will be fine regardless of whether they are Kidwelly based
I am in need of some leasehold conveyancing in Kidwelly. Before diving in I require certainty as to the remaining lease term.
If the lease is registered - and almost all are in Kidwelly - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I acquired a 1 bedroom flat in Kidwelly, conveyancing formalities finalised July 2011. Can you work out an approximate cost of a lease extension? Corresponding properties in Kidwelly with over 90 years remaining are worth £176,000. The ground rent is £50 invoiced every year. The lease ceases on 21st October 2069
With just 50 years remaining on your lease we estimate the price of your lease extension to be between £31,400 and £36,200 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.