As someone with no idea as to conveyancing in Risca what’s the number one tip you can give me for the ownership transfer in Risca

You may not hear this from too many lawyers but conveyancing in Risca and elsewhere in Caerphilly is often a confrontational process. Put another way, when it comes to conveyancing there is an abundance of room for conflict between you and other parties involved in the legal transfer of property. E.g., the seller, selling agent and on occasion the bank. Choosing a solicitor for your conveyancing in Risca an important selection as your conveyancer is your adviser, and is the SOLE person in the legal process whose responsibility is to look after your best interests and to keep you safe.

We are witnessing a worrying ongoing adversarial element to conveyancing- someone must be blamed for the process being so protracted. We recommend that you should always trust your lawyer above the other parties when it comes to the legal transfer of property.

How does conveyancing in Risca differ for newly converted properties?

Most buyers of new build property in Risca contact us having been asked by the builder to sign contracts and commit to the purchase even before the house is ready to move into. This is because house builders in Risca usually buy the real estate, 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 Risca or who has acted in the same development.

What makes your site different to alternative internet conveyancing solicitors when it comes to conveyancing in Risca?

At this site secure an accurate quote from a Solicitor or Licensed Conveyancer that appreciates the issues of your conveyancing in Risca. As opposed to estate agents and brokerage sites we are not in the business of charging firms a fee if you select them for your conveyancing in Risca

I need to retain a conveyancing solicitor for purchase conveyancing in Risca. I happened to land on a site which looks to be the ideal offering If there is a chance to get all the legals completed via web that would be preferable. Do I need to be concerned? What are the potential pitfalls?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

I am employed by a reputable estate agency in Risca where we have experienced a few flat sales put at risk as a result of short leases. I have been given contradictory information from local Risca conveyancing solicitors. Please can you confirm whether the owner of a flat can instigate the lease extension formalities for the buyer?

As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.

Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

Risca Leasehold Conveyancing - A selection of Questions you should consider Prior to Purchasing

Many Risca leasehold properties will incur a service charge for maintenance of the building levied on behalf of the management company. If you acquire the property you will have to pay this amount, normally periodically during the year. This could differ from several hundred pounds to thousands of pounds for buildings with lifts and large communal grounds. In all probability there will be a ground rent for you to pay yearly, this is usually not a large figure, say approximately £25-£75 but you need to check as sometimes it can be prohibitively expensive. The prefered form of lease structure is a share of the freehold. In this situation the leaseholders enjoy control and although a managing agent is often employed if the building is bigger than a house conversion, the managing agent employed by the leaseholders. If a Risca lease has less than 80 years it will impact the value of the flat. Check with your bank that they are willing to lend given the lease term. A short lease means that you will most likely need a lease extension at some point and you need to have some idea of how much this will be. For most Riscalease extensions you will need to own the property for 24 months in order to be eligible to exercise a lease extension.