The owners have rather pushy sellers who has recommended a preliminary agreement with a non-refundable deposit 6,000. Is it wise to enter into such agreements?
This form of contract is unusual in Llansamlet, conveyancers will often try and steer clients away from them as they detract from the primary focus, namely conveyancing and if you end up having your deposit forfeited then the lawyer is left exposed. Furthermore, there is no guarantee that just because the seller has executed an exclusivity agreement they will complete the sale with you. They may breach the contract if they are offered sufficient financial inducement to do so because a wronged purchaser with the benefit of a exclusivity agreement will still have to establish consequential losses from the breach and this may not equate the financial upside that your seller may gain by reneging on the contract, however morally condemnable it undoubtedly is.
I am planning to acquire a flat and need a conveyancing solicitor in Llansamlet who is on the Accord Mortgages Ltd approved. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Accord Mortgages Ltd in certain locations such as Llansamlet. We dont recommend any particular firm.
Me and my brother own a renovated Edwardian house in Llansamlet. Conveyancing solicitor acted for me and Platform Home Loans Ltd. I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold under the matching property. I thought I was buying a freehold how can I check?
You should assess 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 Llansamlet and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with the conveyancing practitioner who completed the work.
My husband and I are a fortnight into a freehold purchase having been referred to conveyancers by the selling agent to perform conveyancing in Llansamlet. I am am very dissatisfied with the level of service. Can you help me find new lawyers?
They would have to be really bad in order to consider changing them. Has your mortgage offer been issued? If so you must advise them of the new contact details and have the loan are re-issued. The conveyancer needs to be on the mortgage company panel to avoid added costs and frustration. That should be your first question of the new conveyancers. Our search tool will assist you in finding a bank approved lawyer for your conveyancing in Llansamlet
I am on look out for some leasehold conveyancing in Llansamlet. Before I get started I would like to find out the remaining lease term.
If the lease is registered - and most are in Llansamlet - then the leasehold title will always include the basic details 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 2 bed flat in Llansamlet, conveyancing formalities finalised in 2012. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable properties in Llansamlet with a long lease are worth £181,000. The ground rent is £55 yearly. The lease ends on 21st October 2070
With only 51 years unexpired we estimate the price of your lease extension to be between £30,400 and £35,200 plus costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.