We are purchasing a house and the solicitor has raised the issue of Chancel Repair for which the property may be liable as it falls into the area of such a church. She has recommended insurance. Is this really required for conveyancing in St Athan
Unless a prior acquisition of the house completed after 12 October 2013 you could expect lawyers handling conveyancing in St Athan to continue to propose a a chancel search and or chancel repair liability policy.
How does conveyancing in St Athan differ for newly converted properties?
Most buyers of new build or newly converted property in St Athan contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is built. This is because developers in St Athan tend to buy the land, 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 accustomed to new build conveyancing in St Athan or who has acted in the same development.
Over the last few months I have been searching for a flat up to £305k and found one near me in St Athan I like with a park and station in the vicinity, however it's only got 61 years on the lease. There is not much else in St Athan for this price, so just wondered if I would be making a mistake acquiring a short lease?
If you need a home loan the shortness of the lease will be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
We're FTB’s - had an offer accepted, yet the property agent has warned us that the owners will only go ahead if we instruct their preferred conveyancers as they want an ‘expedited deal’. We would rather use a high street solicitor accustomed to conveyancing in St Athan
We suspect that the seller is unaware of this ultimatum. If they desire ‘a quick sale', taking such a hostile approach to a genuine buyer is likely to cause more damage than good. Speak to the owners direct and make the point that (a)you are motivated purchasers (b)you are ready to go, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)however you are going to use your own,trusted St Athan conveyancing solicitors - not the ones that will earn the negotiator at the agency a kickback or achieve conveyancing targets set by head office.
I want to rent out my leasehold apartment in St Athan. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for their consent?
Notwithstanding that your last St Athan conveyancing lawyer is no longer around you can review your lease to check if it allows you to sublet the property. The accepted inference is that if the deeds are silent, subletting is permitted. Quite often there is a prerequisite that you must obtain consent via your landlord or other appropriate person in advance of subletting. This means that you cannot sublet in the absence of first obtaining permission. The consent is not allowed to be unreasonably refused ore delayed. If your lease does not allow you to sublet you should ask your landlord if they are willing to waive this restriction.
Leasehold Conveyancing in St Athan - Sample of Questions you should consider before Purchasing
Best to be warned if redecorating or some other significant cost is anticipated that will be shared by the leaseholders and could well materially increase the the maintenance costs or require a specific payment. Who are the managing agents? What is the annual maintenance fee and ground rent?