Some advice if I may. My Abercynon conveyancer is informing me me that he has toconduct Abercynon conveyancing searches asthe firm are on the Nat Westsolicitor panel. Is this really necessary?

Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with a bank your solicitor has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook requirements . Even if you were a cash buyer you would be ill advised not to carry out Abercynon conveyancing searches.

Do all mortgage companies provide you with an approved list of Abercynon conveyancing solicitors? How do you know who is on the Bank of Ireland conveyancing panel?

Abercynon conveyancing firms themselves provide us confirmation that they are on the Bank of Ireland conveyancing panel as opposed to being supplied with a list from Bank of Ireland directly.

It has been 3 months since my purchase conveyancing in Abercynon took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

Due to the guidance of my in-laws I had a survey completed on a property in Abercynon in advance of appointing solicitors. I have been informed that there is a flying freehold element to the property. The surveyor advised that some mortgage companies will refuse to issue a mortgage on a flying freehold property.

It varies from the lender to lender. HSBC has different requirements for example to Halifax. If you contact us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Abercynon. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Abercynon to see if the conveyancing costs will increase in light of this.

I've found a house that seems to be perfect, at a great price which is making it more attractive. I have just discovered that the title is leasehold rather than freehold. I am assuming that there are particular concerns buying a leasehold house in Abercynon. Conveyancing lawyers have are about to be appointed. Will my lawyers set out the implications of buying a leasehold house in Abercynon ?

Most houses in Abercynon are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can assist with the conveyancing process. it is apparent that you are buying in Abercynon in which case you should be looking for a Abercynon conveyancing practitioner and check that they are used to dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. As a leaseholder you will not be at liberty to do whatever you want to the property. The lease will likely included provisions for example obtaining the freeholder’sconsent to carry out alterations. You may also be required to pay a contribution towards the upkeep of the estate where the house is part of an estate. Your conveyancer will report to you on the legal implications.

Leasehold Conveyancing in Abercynon - Examples of Questions you should consider Prior to Purchasing

What is the the remaining lease term? Is there a share of the freehold? It would be sensible to find out as much as you can concerning the company managing the building as they will affect your use and enjoyment of the property. Being a leasehold owner you will be in the clutches of the managing agents both financially and when it comes to every day issues like the upkeep of the communal areas. Enquire of other tenants what they think of them. In conclusion, investigate as to the dates that you are obliged pay the maintenance charge to the managing agents and precisely what you get for your money.