I have given 8 weeks notice to my existing landlord and have to be out of my let out property in Madeley by 17/3/2025. Conveyancing on my purchase is progressing. How realistic is it to complete in 4 weeks as I wish to avoid having to find temporary accommodation?
It is unwise to serve notice for your lease until exchange of contracts has taken place. Assuming that you have not previously done so, update to your conveyancer and urge them to they cajole the sellers solicitors, try to get a realistic time scale from them that everyone will work towards
We are buying a house in Madeley. It might be a silly question but how we can trust a lawyer? On completion day we have to deposit money into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I have instructed a Madeley conveyancer having checked that they are on the TSB conveyancing panel. Does my lawyer arrange the survey of the property?
TSB will need an independent valuation of the property. Your lawyer will not arrange this. Usually TSB will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Madeley postcode. As you are getting a mortgage with TSB, you could contact them to see if they have a list of approved surveyors in Madeley.
My sealed bid on a property in Madeley has been accepted, but there is a chain. The vendors have offered on somewhere, however it’s not yet tied up, and are looking at other flats in the pipeline. I have selected a high street conveyancing solicitor in Madeley. What do I do now? At what point do I apply for the mortgage with UBS?
It is normal to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx one thousand pounds, then survey, Madeley conveyancing search fees, etc). The first course of action is to check that your conveyancer is on the UBS approved list. Regarding the next phase this very much dictated by the uniqueness of your case, attraction to this property and on the state of the market. In a rising market many home buyers would apply for a home loan with UBS and pay for the valuation and only if it comes back ok would they ask their property lawyer to proceed with searches.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. Madeley is the location of the property. Can you shed any light on this issue?
Flying freeholds in Madeley are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Madeley you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Madeley may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Hoping to buy a property located in Madeley and I am already nervous. I couldn't find anything specific about Madeley. Conveyancing will be needed in due course but do you know about the Madeley area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Madeley. In the meantime here are some basic statistics that we found
My partner has suggested that I appoint his conveyancers in Madeley. Should I choose my own solicitor?
There are no two ways about it the ideal way to find a conveyancing lawyer is to have recommendations from friends or family who have actually previously instructed the firm you're contemplating using.