The owners have very assertive sellers who has recommended a exclusivity contract with a deposit two thousand pounds. Are such arrangements generally advanced for Cardiff conveyancing transactions?
This form of preliminary agreement is not the norm in Cardiff, conveyancers are not keen on them as they detract from the main conveyancing focus and if you end up having your deposit forfeited then the solicitor is left exposed. Furthermore, there is no assurance that just because the owner has entered into a lock out contract they will sell to you. They may be inclined to break the contract if they are offered sufficient financial inducement to do so because an aggrieved purchaser with the benefit of a exclusivitycontract will still have to show losses as a consequence of the breach and these may not equate the extra amount that your vendor may gain by breaking the agreement, no matter how morally reprehensible that may be.
My apartment in Cardiff is up for sale and I have a buyer. Does the lawyer have to be on the Barclays conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Barclays conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently currently.
I have been on the look out for a ground for flat up to £245,000 and found one round the corner in Cardiff I like with amenity areas and railway links nearby, however it only has 61 years unexpired on the lease. I can't really find anything else in Cardiff suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you require a mortgage that many years will likely be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
I am looking into buying my first house which is in Cardiff and I am already nervous. I couldn't find anything specific about Cardiff. Conveyancing will be needed in due course but do you know about the Cardiff area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Cardiff. In the meantime here are some basic statistics that we found
In my capacity as executor for the will of my aunt I am selling a house in Cardiff but live in Cardiff. My conveyancer (approximately 260 kilometers from mehas requested that I execute a stat dec before the transaction finalising. Can you recommend a conveyancing practitioner in Cardiff who can witness this legal document for me?
strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are Cardiff based