We are soon to complete on the purchase of a property in Cyncoed but as a result of wreckage from the recent storms I have was able negotiate compensation from the vendor in the sum of £3k taking the form of a adjustment in the price. This was going to be dealt with as part of a side agreement however Aldermore are not allowing this. Should they have been approached?

Any lawyer being on a Aldermore conveyancing panel is obliged to advise Aldermore of any amendments to the purchase price. If you prohibit your solicitor to report the price change to Aldermore then they would have to discontinue acting for you. In addition, Aldermore and you would have to appoint a new conveyancer for your conveyancing in Cyncoed.

Can your site be used to recommend a Conveyancing solicitor in Cyncoed even if I’m not purchasing or selling a house, for example if I want to acquire a shop in Cyncoed with a mortgage from Britannia?

The service is primarily utilised to locate domestic conveyancing solicitors in Cyncoed but we have listed towards the end of this page some Cyncoed commercial conveyancing firms. You should make contact with the solicitors directly to establish if they can also act for Britannia

I am looking for a ground for flat up to £245,000 and identified one near me in Cyncoed I like with amenity areas and station in the vicinity, however it only has 61 remaining years left on the lease. There is not much else in Cyncoed in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?

Should you require a mortgage the remaining unexpired lease term will be problematic. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.

I need to find a conveyancing solicitor for some conveyancing in Cyncoed. I have land on a site which looks to be the perfect offering If it is possible to get all formalities completed via email that would be preferable. Should I be wary? 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?

Last May I purchased a leasehold flat in Cyncoed. Am I liable to pay service charges relating to a period prior to completion of my purchase?

In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

I invested in buying a basement flat in Cyncoed, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Cyncoed with over 90 years remaining are worth £201,000. The average or mid-range amount of ground rent is £45 per annum. The lease ends on 21st October 2089

You have 64 years remaining on your lease the likely cost is going to range between £15,200 and £17,600 as well as professional fees.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.