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Recently asked questions about conveyancing in Radyr

Do lawyers request an advanced payment for conveyancing in Radyr?

Where you are retaining lawyers for conveyancing in Radyr your lawyer will request that you put them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. When the down payment is payable against the total price then this will be asked for immediately prior to contracts are exchanged. The final balance that is due will be payable shortly before completion.

Will commercial conveyancing searches disclose impending roadworks that could affect a commercial land in Radyr?

Many commercial conveyancing solicitors in Radyr will conduct a SiteSolutions Highways report as it reduces the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Radyr. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Radyr.

For each commercial conveyancing transaction in Radyr it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can cause delays to Radyr commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Radyr.

I am using a search engine for the term conveyancing in Radyr it brings up many conveyancersin the area. With so much choice what is the best way to find the suitable conveyancing solicitor for the sale of my house?

The preferential method of finding the right conveyancer is via personal recommendation, so seek the guidance of friends and those you trust who have purchased a property in Radyr or a respected estate agent or mortgage broker. Costs for conveyancing in Radyr differ, so it's sensible to secure a minimum of three costs illustrations from different companies. Dont forget to clarify what costs in the quote includes.

I own a leasehold flat in Radyr. Conveyancing and Platform Home Loans Ltd mortgage went though with no issue. A letter has just been received from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1995. The conveyancing solicitor in Radyr who previously acted has now retired. Any advice?

The first thing you should do is make enquiries of HMLR to make sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to instruct a Radyr conveyancing firm to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.

I own a 2 bed flat in Radyr, conveyancing having been completed in 2004. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Radyr with an extended lease are worth £190,000. The ground rent is £45 levied per year. The lease ends on 21st October 2084

With 62 years left to run the likely cost is going to span between £17,100 and £19,800 plus plus your own and the landlord's "reasonable" professional fees.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more detailed investigations. You should not use this information in tribunal or court proceedings. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.

We are midway through purchasing a house in Radyr. Conveyancing lawyer has told us the title is "Leasehold". Should this make a difference on the marketability of the property?

Radyr conveyancing does not ordinarily involve leasehold houses. The main factor here is the remaining lease term and the ground rent. If there are over a hundred years remaining with a peppercorn rent, it's essentially freehold, so it’s unlikely to impact the value significantly.

At the other extreme, if it's, say, Sixty years it will have a significant impact on the value, and most likely wouldn't be acceptable to the mortgage company. The remaining lease term and ground rent will be stated in the lease which should be made available to your lawyer.

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Find out more about how flying freehold can affect your the value of a property.