We are due to exchange on the purchase of a house in Llandegla but as a result of wreckage from some water damage at the property I have was able negotiate recompense from the vendor of £2k taking the form of a reduction in the price. I had intended this to be addressed as part of a side agreement yet Leeds Building Society are not allowing this. Why were they notified?
Your lawyer being on the Leeds Building Society approved list is obliged to advise Leeds Building Society of any changes to the purchase price. If you prohibit your property lawyer to notify the reduction to Leeds Building Society then they would have to discontinue acting for you. In addition, Leeds Building Society and you would have to appoint a new conveyancer for your conveyancing in Llandegla.
What will a local search reveal regarding the property we're buying in Llandegla?
Llandegla conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search organisations such as Searchflow The local search plays an important role in many a Llandegla conveyancing purchase; that is if you don’t want any unpleasant once you have moved into your property. The search will reveal information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
I am looking for a ground for flat up to £235,500 and found one near me in Llandegla I like with a park and station nearby, however it's only got 61 years on the lease. I can't really find anything else in Llandegla suitable, so just wondered if I would be making a grave error acquiring a short lease?
If you require a mortgage that many years will be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
I was pointed in your direction by a number of property agents in Llandegla to choose a conveyancer on your site. Is there a financial incentive for Estate Agents to offer your site over and above a competitor’s?
We refuse to make any commission for directing people to this site. We thought it would be too underhand a fee because a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
In my capacity as executor for the estate of my grandmother I am selling a residence in Cardiff but reside in Llandegla. My solicitor (based 260 miles awayhas requested that I sign a stat dec prior to completion. Could you suggest a conveyancing solicitor in Llandegla to attest and place their company stamp on the document?
Technically speaking you should not be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will be fine regardless of whether they are based in Llandegla