We are a couple about to exchange contracts for a freehold house in Ponthir. We have hit a snag. The loan offer with Britannia expires on 20/1/2025 but the sellers are insisting on a completion date of 22/1/2025. Can one prolong the mortgage expiry date?

The best person to address this question is your conveyancer who is in a position to assess if they better off negotiating with the mortgage company, vendor’s lawyers, estate agents or conceivably all parties based on what has happend in your transaction as of today.

Our lender has recommended a law firm on their panel based in Ponthir but I would rather use a conveyancing lawyer in Ponthir or nearer to where I live. Are you able to help?

Far from all Ponthir conveyancing firms are on all lender’s conveyancing panel. Use the above find an approved solicitor tool to find a Ponthir conveyancing solicitor on the on the bank panel.

How does conveyancing in Ponthir differ for newly converted properties?

Most buyers of new build property in Ponthir come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is finished. This is because builders in Ponthir usually buy the land, 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 Ponthir or who has acted in the same development.

What advice can you give us when it comes to finding a Ponthir conveyancing practice to deal with our lease extension?

When appointing a property lawyer for your lease extension (regardless if they are a Ponthir conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you speak with several firms including non Ponthir conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be useful:

What are the legal fees for lease extension conveyancing?

I am the registered owner of a split level flat in Ponthir, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Ponthir with an extended lease are worth £185,000. The ground rent is £65 charged once a year. The lease finishes on 21st October 2084

With just 60 years left to run the likely cost is going to be between £20,000 and £23,000 plus costs.

The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.

Can I discover who owns a property in Ponthir?

As long as the property is registered with the Land Registry, and you have enough details of the address of the premises, you should be able to view results from the the Land Registry of the registered owner for a a minimal charge.