I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Cardiff Bay. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 21/12/2024, the requirements read as follows :
I am helping my aunt sell her house in Cardiff Bay. Does the conveyancing solicitor order an energy performance certificate or should I organise this?
After the demise of Home Information Packs, EPC’s became a mandatory component of selling a house. An EPC needs to be commissioned before the property is advertised. It is not a task that solicitors normally arrange. Where you are instructing a Cardiff Bay conveyancing solicitor they may be willing to arrange EPC’s given their relationships with long established Cardiff Bay energy assessors
We previously chose conveyancing lawyers locally in Cardiff Bay on the Yorkshire BS solicitor approved list. They are now charging me a supplemental charge for dealing with the Yorkshire BS mortgage. Is this a supplemental conveyancing fee set by Yorkshire BS?
As unfair as it may seem, as long as it’s in their Terms and Conditions or Quote then yes your conveyancing practitioner is entitled to charge a fee for this. This charge is not set by Yorkshire BS but by your Cardiff Bay lawyer. Plenty of firms on the Yorkshire BS panel will levy ’dealing with mortgage’ fee but many firms incorporate it on their overall fee.
We are getting a further advance on our home loan from Santander as we wish to carry out alterations to our home in Cardiff Bay. Do we need to select a local Cardiff Bay solicitor on the Santander conveyancing panel to handle the legals?
Santander do not ordinarily instruct a member of their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Santander list.
I have todaydiscovered that Action Conveyancing have closed. They carried out my conveyancing in Cardiff Bay for a purchase of a freehold house 18 months ago. How can I be sure that my home is in my name in the name of the previous owner?
The easiest way to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Cardiff Bay conveyancing specialists.
How does conveyancing in Cardiff Bay differ for new build properties?
Most buyers of new build residence in Cardiff Bay come to us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is constructed. This is because house builders in Cardiff Bay typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Cardiff Bay or who has acted in the same development.
I have been on the look out for a flat up to £235,500 and identified one near me in Cardiff Bay I like with a park and transport links nearby, however it's only got 49 years unexpired on the lease. There is not much else in Cardiff Bay for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.