We just had an offer accepted to purchase with Coventry BS. I dropped in 3 or 4 high street solicitors yet am unable to find a Llangefni conveyancing firm on the Coventry BS approved list. Can you assist?
You should take advantage of the search tool on this page. Pick the lender and type Llangefni or your preferred area and you will be presented with a number of lawyer offices in Llangefni or nearest you.
Do I need to pay for insurance to address the risk of chancel repairs when acquiring a property in Llangefni?
Unless a previous acquisition of the property completed after 12 October 2013 you can assume that solicitors conducting conveyancing in Llangefni to remain recommending a chancel search and or chancel repair liability policy.
3 months have gone by since my purchase conveyancing in Llangefni completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. 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.
How does conveyancing in Llangefni differ for new build properties?
Most buyers of new build property in Llangefni come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is finished. This is because builders in Llangefni usually purchase 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 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 accustomed to new build conveyancing in Llangefni or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £195,000 and identified one round the corner in Llangefni I like with a park and railway links nearby, however it only has 51 years unexpired on the lease. There is not much else in Llangefni suitable, so just wondered if I would be making a grave error buying a short lease?
Should you require a mortgage the remaining unexpired lease term will be problematic. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you can request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.