My partner’s brother is a property lawyer. I suspect that I can be offered friends and family fee for conveyancing, but if not, what kind of fees should I be expecting for conveyancing in Swansea East?
You should compare pricing. Do use our comparison tool on this page. Whilst amounts will be different but the service one can expect differ between law firms as is the case with the vast majority of professional services.
My aunt passed away last year and as sole heir and executor I was left the property in Swansea East. The house had a relatively small loan left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Nottingham, pay off the mortgage. Is this possible?
Given you plan to re-mortgage then Nottingham will require that you use a conveyancer on the Nottingham conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Nottingham conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Nottingham mortgage is registered as a charge at the Land Registry.
Over the last few months I have been searching for a ground for flat up to £245,000 and identified one round the corner in Swansea East I like with a park and railway links in the vicinity, however it's only got 51 years unexpired on the lease. There is not much else in Swansea East suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage that many years may be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
My step-father has recommend that I instruct his conveyancing solicitors in Swansea East. Should I find my own conveyancer?
There are no two ways about it the ideal way to find a conveyancing lawyer is to get feedback from friends or relatives who have used the conveyancer that you are contemplating using.
Estate agents have just been given the go-ahead to market my garden apartment in Swansea East. Conveyancing is yet to be initiated, however I have just received a quarterly maintenance charge demand – Do I pay up?
The sensible thing to do is discharge the service charge as usual as all rents and service invoices will be allotted on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Swansea East Leasehold Conveyancing - Examples of Questions you should consider Prior to Purchasing
-
You should want to discover as much as possible regarding the managing agents as they will either make your life much easier or uncomfortable. As the owner of a leasehold property you are frequently at the mercy of the managing agents from a financial perspective and when it comes to every day matters like the cleanliness of the communal areas. Ask prospective neighbours what they think of their service. Finally, investigate as to the dates that the service charges are due to the appropriate party and specifically how they are spending that money. It would be wise to investigate if there is anything that is prohibited in the lease. For instance it is fairly common in Swansea East leases that pets are not allowed in certain buildings in Swansea East. If you love the flatin Swansea East yet your cat is not allowed to move with you then you have a very difficult compromise. Where a Swansea East lease has no more than eighty years it will have adverse implications on the marketability of the apartment. It is worth checking with your mortgage company that they are willing to lend given the lease term. A short lease means that you will most likely require a lease extension at some point and you need to have some idea of how much this would cost. Remember, in most cases you would be be obliged to have owned the residence for 24 months in order to be entitled to extend the lease.