Can the conveyancing lawyers listed on your site carry out right to buy conveyancing in Swansea East?

We have identified a number of conveyancing conveyancers carrying out right to buy conveyancing matters You should call the conveyancers listed with a view to get a costs calculation.

It has been three months since my purchase conveyancing in Swansea East took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. 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 asset 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.

I have been on the look out for a ground for flat up to £305k and identified one round the corner in Swansea East I like with amenity areas and railway links in the vicinity, the downside is that it's only got 52 remaining years left on the lease. There is not much else in Swansea East for this price, so just wondered if I would be making a mistake buying a lease with such few years left?

If you require a mortgage the shortness of the lease will likely be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.

Can you provide any top tips for leasehold conveyancing in Swansea East with the aim of expediting the sale process?

• Much of the frustration in leasehold conveyancing in Swansea East can be reduced where you get in touch lawyers the minute you market your property and request that they start to collate the leasehold documentation which will be required by the buyers’ conveyancers.
You believe that you know the number of years left on your lease but it would be advisable double-check via your lawyers. A purchaser's lawyer will not be happy to advise their client to to exchange contracts if the lease term is below 75 years. In the circumstances it is essential at an as soon as possible that you identify whether the lease requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale. A minority of Swansea East leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, it would be prudent to notify your estate agents to make sure that the purchasers obtain financial (bank) and professional references. Any bank reference will need to confirm that the buyers are financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their lawyers. Many landlords or managing agents in Swansea East charge for supplying management packs for a leasehold property. You or your lawyers should enquire as to the actual amount of the charges. The management pack sought on or before finding a buyer, thus reducing delays. The typical amount of time it takes to receive management information is three weeks. It is the most frequent reason for frustration in leasehold conveyancing in Swansea East.

Swansea East Leasehold Conveyancing - A selection of Queries Prior to buying

If a Swansea East lease has less than eighty years it will impact the marketability of the apartment. It is worth checking with your lender that they are willing to lend given the lease term. Leases with fewer than 80 years remaining means that you will most likely have to extend the lease at some point and it is worth discovering what this will be. Remember, in most cases you would need to own the residence for two years in order to be entitled to extend the lease. Its a good idea to find out as much as possible regarding the managing agents as they can either make your life much easier or problematic. As the owner of a leasehold property you are frequently in the clutches of the managing agents both financially and when it comes to practical matters such as the cleanliness of the common parts. Ask prospective neighbours what they think of them. Finally, be sure you understand the dates that you are obliged pay the maintenance charge to the relevant party and precisely how they are spending the funds.

Our solicitor in Swansea East is asking me for proof of ID documents stating that this is part of his legal duty as a conveyancer on the mortgage company Solicitor panel. Can you confirm whether this is the case?

Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the lender. This is not specific to conveyancing in Swansea East