We are acquiring a brand new apartment in Lisvane and my solicitor is advising me that she is duty bound to the lender to disclose incentives from the builder. I am under pressure to exchange contracts and my preference is not to prolong the conveyancing. is my lawyer playing by the book?

You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.

I have todaybeen informed that Action Conveyancing have been shut down. They conducted my conveyancing in Lisvane for a purchase of a leasehold flat 9 months ago. How can I be sure that the property is in my name in the name of the former proprietor?

The quickest way to check if the premises is registered to you, 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 Lisvane conveyancing specialists.

How does conveyancing in Lisvane differ for newly converted properties?

Most buyers of new build property in Lisvane come to us having been asked by the seller to sign contracts and commit to the purchase even before the property is completed. This is because new home sellers in Lisvane typically acquire the site, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Lisvane or who has acted in the same development.

I am tempted by the attractive purchase price for a couple of flats in Lisvane which have in the region of forty five years unexpired on the lease term. should I be concerned?

There are plenty of short leases in Lisvane. The lease is a right to use the premises for a prescribed time frame. As a lease gets shorter the saleability of the lease reduces and results in it becoming more expensive to extend the lease. This is why it is often a good idea to extend the lease term. Sometimes it is difficult to sell a property with a short lease as mortgage lenders may be unwilling to lend money on properties of this type. Lease enfranchisement can be a difficult process. We advise that you seek professional assistance from a solicitor and surveyor with experience in this area.

I inherited a studio flat in Lisvane, conveyancing formalities finalised May 2011. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Lisvane with an extended lease are worth £185,000. The average or mid-range amount of ground rent is £65 charged once a year. The lease terminates on 21st October 2085

You have 60 years unexpired the likely cost is going to range between £20,000 and £23,000 as well as costs.

The figure above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.

Been looking for a conveyancing practitioner for leasehold sale conveyancing in Lisvane. I'm selling, simple no mortgage to redeem, no rush, currently empty. Received a quote from a lawyer for £800 excluding VAT which is a little expensive considering its so straightforward. Is it possible to find less expensive fees for conveyancing in Lisvane?

Considering it’s a sale only, 475 + VAT should be about the best for sale conveyancing in Lisvane.