We were just about to exchange contracts for a garden flat in Llanrwst. We encountered a problem. The loan offer with Leeds Building Society expires on 4/7/2022 but the vendors are insisting on a completion date of 6/7/2022. Is it possible to prolong the mortgage offer?
The best person to address this question is your lawyer who will hopefully calculate whether they better off negotiating with the mortgage company, seller’s solicitors, selling agents or possibly all three given the history of your house move as of today.
How up to date is your database of Llanrwst solicitors on the Barclays conveyancing panel? Do Barclays send you an updated list?
Llanrwst conveyancing firms themselves provide us confirmation that they are on the Barclays conveyancing panel as opposed to being supplied with a list from Barclays directly.
I am due to move property in July. Will my conveyancing solicitor communicate with the removal company on the completion day. On a separate note, can you recommend a removal company in Llanrwst. Conveyancing lawyer was chosen prior to coming across this website.
On the day of completion you will need to pick up the house keys from the property agent however this can only be done when the previous owners solicitors confirm to the agent that they acknowledge receipt of the completion payment and the keys can be passed over. You should advise the removal men that they can start moving you in. We do not recommend a particular removal company but can help you choose a conveyancing in Llanrwst or a lawyer that specialises in conveyancing in Llanrwst.
We previously instructed conveyancing lawyers with offices in Llanrwst on the Barclays solicitor panel. They are now charging me an additional sum for dealing with the Barclays mortgage. Is this an additional conveyancing fee set by Barclays?
Provided it is contained in their Terms of Engagement or Quote then yes your solicitor can levy a fee for this. The charge is not set by Barclays but by your Llanrwst conveyancing practitioner. Plenty of firms on the Barclays panel will levy ’dealing with mortgage’ fee and others do not.
I am expecting a OIP from TSB this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do TSB recommend any Llanrwst solicitors on the TSB conveyancing panel, or is it better to go independently?
You will need to appoint Llanrwst solicitors independently although you'll need to choose one on the TSB conveyancing panel. The solicitor represents both you and TSB through the process.
Me and my brother purchased a terraced Georgian property in Llanrwst. Conveyancing lawyer acted for me and Nottingham Building Society. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold under the exact same address. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Llanrwst and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with your conveyancing lawyer who carried out the work.
I am tempted by the attractive purchase price for a couple of flats in Llanrwst which have approximately fifty years unexpired on the lease term. Will this present a problem?
A lease is a legal document that entitles you to use the premises for a period of time. As a lease shortens the value of the lease deteriorates and results in it becoming more costly to extend the lease. For this reason it is often a good idea to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease as mortgage companies may be reluctant to lend money on such properties. Lease extension can be a difficult process. We recommend you get professional assistance from a conveyancer and surveyor with experience in this field.
I inherited a split level flat in Llanrwst, conveyancing was carried out 7 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Llanrwst with an extended lease are worth £216,000. The ground rent is £50 yearly. The lease comes to an end on 21st October 2090
With just 68 years remaining on your lease we estimate the price of your lease extension to range between £9,500 and £11,000 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.