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Find a Torfaen Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Torfaen? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Torfaen conveyancing at risk of delay or failure.

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Recently asked questions about conveyancing in Torfaen

Our solicitor has identified a a legal deficiency with the lease for the property we are purchasing in Torfaen. The seller’s lawyers have put forward title insurance as a workaround. We are happy with insurance and will cover the costs. Our lawyer has advised that he must ensure that the mortgage company is willing to move forward with this solution. Who is the client here, us or the mortgage company ?

Regardless of the fact that you have a mortgage offer from the bank does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the bank are the client. The appropriate lender specifications must be adhered to.

A relative suggested that if I am buying in Torfaen I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

A search of this type is sometimes quoted for as part of the standard Torfaen conveyancing searches. It is a large report of about 40 pages, listing and setting out important information about Torfaen around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Torfaen Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Torfaen Education with maps and statistics, Local Amenities and other useful data concerning Torfaen.

I have a renovated Victorian property in Torfaen. Conveyancing solicitor acted for me and Leeds Building Society. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold under the matching address. If a house is not a freehold shouldn't I have been informed?

You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Torfaen and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with the conveyancing practitioner who carried out the work.

Due to the input of my in-laws I had a survey completed on a property in Torfaen ahead of appointing lawyers. I have been advised that there is a flying freehold element to the property. The surveyor has said that some banks will not issue a loan on this type of premises.

It varies from the lender to lender. Bank of Scotland has different instructions for example to Birmingham Midshires. Should you wish to call us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Torfaen. Conveyancing will be smoother if you use a solicitor in Torfaen especially if they regularly deal with such properties in Torfaen.

Can you offer any advice when it comes to appointing a Torfaen conveyancing practice to carry out our lease extension conveyancing?

When appointing a conveyancer for your lease extension (regardless if they are a Torfaen conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We suggest that you talk with two or three firms including non Torfaen conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be useful:

    What are the costs for lease extension conveyancing? How many lease extensions has the firm completed in Torfaen in the last twenty four months?

Leasehold Conveyancing in Torfaen - Examples of Questions you should ask Prior to Purchasing

    Generally speaking the cost for major works tend not to be included within service charges, albeit that a few managing agents in Torfaen ask leaseholders to contribute towards a sinking fund created for the specific purpose of establishing a fund for larger repairs or maintenance. Does the lease have in excess of 85 years unexpired? You should want to discover as much as you can about the company managing the block as they will impact your use and enjoyment of the property. Being a leasehold owner you will be at the mercy of the managing agents both financially and when it comes to daily matters such as the tidiness of the common parts. Ask prospective neighbours whether they are happy with them. On a final note, find out the dates that you are obliged pay the service charge to the managing agents and specifically what it includes.

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