We are soon to complete on the purchase of a property in Treuddyn but as a result of wreckage from the recent storms I have managed to agree compensation from the seller in the sum of £2k by way of a adjustment in the price. This was going to be addressed as part of the conveyancing process yet UBS will not permit this. Why were they notified?
The conveyancing practitioner that is on the UBS conveyancing panel is required to inform UBS of any changes to the purchase price. If you were to refuse your conveyancing practitioner to report the reduction to UBS then they would have to discontinue acting for you. In addition, UBS and you would have to appoint a new conveyancing practitioner for your conveyancing in Treuddyn.
Does a directory service exist listing Kent Reliance panel conveyancers in Treuddyn on the Building Society Association’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. Very few lending institutions make their panel listings open the public online. If you are looking for a Treuddyn conveyancing practitioner on the Kent Reliance please use our tool.
I have paid off my mortgage with Leeds Building Society. I assume I don't need a Treuddyn conveyancing practitioner on the Leeds Building Society panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Leeds Building Society mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Leeds Building Society mortgage from the register. Leeds Building Society, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Leeds Building Society has sent the Land Registry the discharge electronically, and
- Leeds Building Society has instructed the Land Registry to do so
I am currently in the process of buying my council flat in Treuddyn. I have a mortgage offer with Leeds Building Society. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Leeds Building Society, you will need to appoint a solicitor on the Leeds Building Society conveyancing panel.
What will a local search reveal regarding the house I am purchasing in Treuddyn?
Treuddyn conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search organisations for example Onsearch The local search plays an important part in most Treuddyn conveyancing purchase; that is if you don’t want any nasty once you have moved into your new home. The search should reveal data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
I am employed by a busy estate agency in Treuddyn where we have experienced a number of flat sales put at risk due to short leases. I have received inconsistent advice from local Treuddyn conveyancing solicitors. Can you shed some light as to whether the seller of a flat can instigate the lease extension formalities for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Treuddyn Conveyancing for Leasehold Flats - Examples of Queries before buying
This question is helpful as a) areas can cause problems for the building as the common areas may begin to deteriorate if services are not paid for b) if the tenants have a dispute with the managing agents you will want to know about it It would be wise to find out as much as possible concerning the company managing the building as they will either make your living at the property much easier or problematic. As the owner of a leasehold property you are frequently in the clutches of the managing agents from a financial perspective and when it comes to day to day issues such as the cleanliness of the common parts. You should not be shy to ask other tenants whether they are happy with their service. In conclusion, be sure you discover the dates that you are obliged pay the service charge to the managing agents and precisely what you get for your money. Is there a share of the freehold?
Can I find out who is the owner of a property in Treuddyn?
Provided the premises is recorded at HMLR, and you have sufficient details of the address of the property, you will be able to see results from the HM Land Registry of the registered owner for a for less than a fiver.