Would the conveyancing lawyers listed on your site carry out right to buy conveyancing in Pencoed?
We do have a number of conveyancing firms who can conduct right to buy conveyancing You should e-mail the lawyers listed with a view to obtain a costs calculation.
What does my ID and proof of funds have anything to do with my conveyancing in Pencoed? Why is this being asked of me?
Pencoed conveyancing solicitors and indeed property practitioners throughout the UK have a duty under money laundering regulations to check the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients will need to disclose two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and evidence of address (typically a Utility Bill less than 3 months old).
Proof of the origin of funds is also required in compliance with the money laundering regulations as solicitors are mandated to ensure that the funds you are using to buy a property (be it the exchange deposit or the total purchase monies where you are buying without a mortgage) has originated from a reputable source (such as employment savings) and is not the fruits of illegitimate activity.
I am close to exchanging contracts on the sale of our home in Pencoed and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A high street Pencoed lawyer would know this is not the case. It does beg the question why the buyers are using a nationwide conveyancing outfit as opposed to a conveyancing solicitor in Pencoed. Having lived in Pencoed for 4 years we know that this is a non issue. Do we get in touch with our local Authority to seek confirmation that there is no issue.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I'm converting the mortgage on my primary property to a BTL mortgage with Barclays and I will use the rest of the raised equity as a down payment on another property. The location we are looking at is Pencoed. Will your lawyers be able to act for the two mortgage companies and tie in the two deals?
Do use our comparison tool on this page to be sure that the solicitors are on the relevant lender panels. On the basis that they are your lawyer will be able to simultaneously deal with the two transactions but you should have a chat with you lawyer and communicate your desired outcome and requirements.
I have just started marketing my ground floor flat in Pencoed. Conveyancing has not commenced, but I have just received a half-yearly service charge demand – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should discharge the maintenance contribution as you normally would because all rents and maintenance charges should be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until 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.
I inherited a garden flat in Pencoed, conveyancing having been completed in 2004. How much will my lease extension cost? Equivalent flats in Pencoed with a long lease are worth £176,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease runs out on 21st October 2071
With 50 years unexpired we estimate the premium for your lease extension to be between £31,400 and £36,200 plus costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.