Why is leasehold purchase conveyancing in Pantymwyn is more expensive?

Pantymwyn leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.

I used Arc property Solicitors several years ago for my conveyancing in Pantymwyn. I now require my file however the law firm has closed. What do I do?

You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Pantymwyn of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

How does conveyancing in Pantymwyn differ for newly converted properties?

Most buyers of new build or newly converted property in Pantymwyn contact us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is finished. This is because builders in Pantymwyn tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Pantymwyn or who has acted in the same development.

How difficult is it to transfer to a new solicitor as I need to find a firm on the Accord Mortgages Ltd conveyancing panel. I was using a family conveyancing solicitor in Pantymwyn five minutes from me but she is not approved by Accord Mortgages Ltd

We will our best to assist in finding you a conveyancing solicitor in Pantymwyn on the Accord Mortgages Ltd panel. Please note that the conveyancers that we list do not pay us commission if you instruct them and are regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Pantymwyn. In utilising the find a conveyancing solicitor tool on this site, you can scrutinise charges for conveyancing solicitors in Pantymwyn and beyond.

Estate agents have just been given the go-ahead to market my garden flat in Pantymwyn. Conveyancing has not commenced, however I have just received a quarterly service charge demand – Do I pay up?

It best that you pay the service charge as normal because all rents and service charges should be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.

Pantymwyn Leasehold Conveyancing - A selection of Questions you should ask Prior to Purchasing

Where a Pantymwyn lease has fewer than eighty years it will impact the salability of the flat. Check with your lender that they are willing to go ahead with the loan given the lease term. A short lease means that you will almost definitely have to extend the lease at some point and it is worth finding out how much this will be. Remember, in most cases you will need to own the premises for 24 months before you are eligible to carry out a lease extension. How much is the service charge and ground rent on the flat?