When can the exchange of contracts occur in purchase conveyancing in Radyr and do I need to attend the solicitors branch?
If you are local to our conveyancing solicitors in Radyr you are welcome to come in to sign documents. That being said, the lender approved solicitors we recommend offer a countrywide conveyancing service and give just as comprehensive and professional a job for you when communicating with you digitally. The signing of the sale agreement is not the critical part. A signed contract is just a prerequisite for the firm to exchange contracts when the time is right, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Radyr)to be in the office available at the end of the phone to exchange contracts.
I acquired my apartment on 7 February and my personal details is not yet registered. Should I be concerned? My conveyancing solicitor in Radyr said it will be registered inside ten days. Are transfers in Radyr particularly slow to register?
There is nothing unique when it comes to conveyancing in Radyr registration formalities. Rather than based on location, timescales can differ subject to the party submitting the application, whether it is in order and if the Land registry communicate with any 3rd persons or bodies. At present approximately three quarters of such applications are fully addressed within two weeks but some can be subject to protracted hold-ups. Registration occurs after the new owner is living at the property thus registration formalities is not usually top priority but where it is urgent that the the registration takes place urgently then you or your conveyancer can contact the land registry and explain the circumstances.
About to purchase a new build flat in Radyr. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Radyr
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan.
Is it possible to transfer to a new firm as I have to select one who is on the National Westminster Bank conveyancing list. I instructed a local conveyancing solicitor in Radyr round the corner but the firm is not accepted by National Westminster Bank
It would be our pleasure to help you find a conveyancing solicitor in Radyr on the National Westminster Bank panel. Please note that the conveyancers that we list do not pay us commission if you instruct them and are authorised and regulated by the SRA who oversee all conveyancing solicitors in Radyr. In utilising search facility on this page, you can scrutinise charges for conveyancing solicitors in Radyr and throughout England and Wales.
I've recently bought a leasehold property in Radyr. Do I have any liability for service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I am the registered owner of a garden flat in Radyr, conveyancing having been completed 8 years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Radyr with an extended lease are worth £216,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease comes to an end on 21st October 2089
You have 69 years unexpired we estimate the premium for your lease extension to be between £9,500 and £11,000 as well as legals.
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. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.