I am about to put a bid on a leasehold apartment in Pentwyn. The property agents assure me that it is standard for flats in Pentwyn to have less than 75 years left on the lease. I am taking out a mortgage with Virgin. Is this going to be a problem if the lease has 72 years to go.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 22/1/2021 the requirements read as follows :

Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a straight forward, no chain conveyancing. Pentwyn is where the house is located. Can you shed any light on this issue?

Flying freeholds in Pentwyn are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Pentwyn you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Pentwyn may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

I am looking into buying my first house which is in Pentwyn and I am already nervous. I couldn't find anything specific about Pentwyn. Conveyancing will be needed in due course but do you know about the Pentwyn area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Pentwyn. In the meantime here are some basic statistics that we found

I want to sublet my leasehold flat in Pentwyn. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?

A small minority of properties in Pentwyn do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord is not entitled to unreasonably withhold but, in such cases, they would need to review references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.

Pentwyn Conveyancing for Leasehold Flats - Sample of Questions you should consider before Purchasing

Generally speaking the cost for major works tend not to be incorporated into the service charges, although there some managing agents in Pentwyn obliged leasehold owners to pay into a sinking fund created for the specific intention of establishing a fund for major works. How much is the maintenance charge and ground rent on the flat? What prohibitions are there in the Pentwyn Lease?

Me and my partner are buying a three bedroom first floor flatin Pentwyn with a residential mortgage from a mortgage company. We would like to retain our lawyer in Pentwyn but our lender inform us now that he's not listed on their "panel". It seems we have little choice but to instruct from the our mortgage company panel solicitors or stay with our Pentwyn solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; is there anything we can do?

No, not really. The bank home loan issued is subject to its terms and conditions, one of which will be that solicitors will on the bank's conveyancing panel. in the past, most banks had open panels, including almost all conveyancing solicitors in Pentwyn : a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for your lender.