Have just purchased a probate house at auction in Blaina. Conveyancing is required. What is next?

Now that you have legally committed yourself to purchase you now have to find a conveyancing lawyer soon as you are faced with a pending a fixed date to complete the transaction. An auction property will ordinarily have an associated auction set of papers. This will likely include most,if not all of the documents that your solicitor will need. In the case of leasehold premises the conveyancing pack may provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to a leasehold property. You should hand this to your appointed conveyancing solicitor ASAP. You also need to ensure that your finances are in order to complete the transaction on the set completion date.

My fiancee and I are at the point of viewing houses in Blaina and I am about to put in an offer. Should I already have a property lawyer appointed at this stage? I will be getting a mortgage with Clydesdale.

It would be sensible to commence your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the selling agent. As you are obtaining a mortgage with Clydesdale, ask your prospective lawyers if they are on the Clydesdale conveyancing panel otherwise they can't do the mortgage legal work.

At last I have had an offer on an apartment in Blaina agreed to, but there is a chain. The sellers have offered on a flat, but it’s not been accepted yet, and have viewings of other apartments booked. I have selected a local conveyancing solicitor in Blaina. What do I do now? When should I get the mortgage application with Coventry BS started?

It is normal to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of £1k, then survey, Blaina conveyancing search fees, etc). First, you must check that your solicitor is on the Coventry BS approved list. Concerning the subsequent steps this very much depends on the specifics of your transaction, desire for this property and on the state of the market. During a rising market many buyers would apply for the mortgage with Coventry BS and pay for the valuation and only if it comes back ok would they pay their property lawyer to press on with the conveyancing in Blaina.

It has been three months since my purchase conveyancing in Blaina concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. 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.

About to purchase a new build flat in Blaina. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Here are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Blaina

If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?

Am I best advised to use a Blaina conveyancing practitioner in close proximity to the house I am buying? I have an old university friend who can carry out the conveyancing however his firm is located a couple of hundredkilometers away.

The primary upside of using a local Blaina conveyancing practice is that you can drop in to execute documents, deliver your identification documents and pester them where appropriate. They will also have local knowledge which is a plus. However it's more important to get someone that will pull out all the stops for you. If other friends have used your friend and on the whole were content that must outweigh using an unknown Blaina conveyancing lawyer solely due to them being Blaina based.

My wife and I purchased a leasehold house in Blaina. Conveyancing and TSB mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1996. The conveyancing practitioner in Blaina who acted for me is not around. Any advice?

First contact HMLR to be sure that the individual purporting to own the freehold is in fact the new freeholder. You do not need to instruct a Blaina conveyancing solicitor to do this as it can be done on-line for £3. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

Leasehold Conveyancing in Blaina - Examples of Queries before Purchasing

The best form of lease arrangement is where the freehold interest is in the ownership of the leaseholders. In this situation the leaseholders enjoy being in charge if their destiny and although a managing agent is usually employed where it is larger than a house conversion, the managing agent is directed by the tenants. Make sure you investigate if there is anything that is prohibited in the lease. By way of example it is very common in Blaina leases that pets are not allowed in certain buildings in Blaina. If you like the apartmentin Blaina yet your dog can’t live with you then you will be presented with a hard choice. Generally speaking the outlay for major works are not incorporated into the service charges, albeit that there some managing agents in Blaina require leasehold owners to contribute towards a reserve fund created for the specific intention of building a fund for major repairs or maintenance.