I have given 8 weeks notice to my existing landlord and have to be out of my let out flat in Lisvane by 3/1/2025. Conveyancing on my purchase is underway. How realistic is it to complete in 4 weeks as I wish to avoid having to move into short term accommodation?
Generally one should not give notice for your letting until exchange of contracts has taken place. Assuming that you have not previously done so, speak to your conveyancer and ask them to they cajole the owners solicitors, try to get a realistic time scale from them that all parties will aim to achieve
Just had an offer accepted on a new build flat in Lisvane. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Lisvane
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Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply a car parking plan.
Due to the input of my in-laws I had a survey completed on a property in Lisvane in advance of retaining lawyers. I have been informed that there is a flying freehold aspect to the property. Our surveyor has said that some banks will refuse to issue a mortgage on a flying freehold home.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. Should you wish to telephone us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Lisvane. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Lisvane to see if the conveyancing will be more expensive.
Planning to exchange soon on a studio apartment in Lisvane. Conveyancing lawyers have said that they report fully on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in Lisvane should include some of the following:
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Ground rent - what is payable and what the invoice dates are, and be on notice if this will change in the future Who has the liability to repair and maintain the main walls and foundations. It is essential for you to know which party is duty bound to repair and maintenance of all parts of the block and estate What you can do if an adjoining owner breaches a clause of their lease? You should know whether the lease allows you to add or upgrade anything in the flat- you must know whether it applies to all alterations or limited to structural alteration, and whether consent is required You should receive a copy of the lease
I bought a 2 bed flat in Lisvane, conveyancing having been completed half a dozen years ago. How much will my lease extension cost? Corresponding properties in Lisvane with an extended lease are worth £175,000. The average or mid-range amount of ground rent is £65 invoiced every year. The lease expires on 21st October 2082
You have 58 years left to run we estimate the price of your lease extension to span between £23,800 and £27,400 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.
It may have been a long time coming a loan offer from a mortgage company for the remortgage of my 3 bedroom garden flat is expected within the next few days. Can you recommend an efficient remortgage conveyancing practitioner in Lisvane ?
You are on the wrong site if you are in need of the cheapest conveyancing in Lisvane. We can offer you excellent value conveyancing but our intention is not to advertise as being the cheapest. Avoid the trap of appointing brokers offering £99 conveyancing in Lisvane.In your best case scenario, in opting for cheap conveyancing, you will get what you pay for and at worst you will end up being stung for additional fee and still not receive the service expected.