The Llanrumney conveyancing solicitors that I appointed last week on my purchase in Llanrumney have suddenly shut down. I only went with them because I needed a solicitor on the RBS conveyancing panel and my previous Llanrumney lawyer was not. I gave my credit card details for them to take £195 for searches. What do I do now?
If you have an estate agent involved then let them know straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the RBS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to assist.
I have been told that property searches are a common cause of hinderance in Llanrumney house deals. Is this right?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of delays during the legal transfer of property. Local searches are not likely to feature in any holding up conveyancing in Llanrumney.
four months have gone by following my purchase conveyancing in Llanrumney concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking for a ground for flat up to £245,000 and found one near me in Llanrumney I like with a park and railway links nearby, however it's only got 61 years on the lease. There is not much else in Llanrumney suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a home loan that many years will be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you may ask them to start the process of the extension 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.
My business partner and I are hoping to lease a unit on a shopping parade. Can you recommend conveyancers offering competitive charges for commercial conveyancing in Llanrumney for less than £1,200?
We can recommend firms who have specialist knowledge of commercial conveyancing in Llanrumney, including the disposal and acquisition of businesses as well as simply property. If you are hoping to purchase or dispose of a shop, pub, restaurant, office, retail unit or a complete business we can put you in touch with the right firm. As for the charges these will vary based on the structure and complexity of the proposed transaction. Let us have your contact information or email so as to enable us to furnish you with comprehensive commercial conveyancing calculation.