I have given 2 months notice to my existing landlord and have to vacate my let out flat in Glynneath by the end of next month. Conveyancing on my purchase has just started. How realistic is it to complete in three weeks as I wish to avoid having to find temporary accommodation?
It is unwise to provide notice for your tenancy until you have exchanged. If you have not previously done so, notify to your solicitor and ask them to they chase the sellers lawyers, try to a target completion date that everyone will look to achieve
Is it necessary to pay for insurance to cover chancel repairs when buying a house in Glynneath?
Unless a prior purchase of the premises took place after 12 October 2013 you could take it that conveyancing practitioners carrying out conveyancing in Glynneath to continue to propose a a chancel search and or insurance against a claim.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one round the corner in Glynneath I like with a park and station nearby, however it's only got 61 remaining years left on the lease. I can't really find anything else in Glynneath for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a mortgage the remaining unexpired lease term may be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of 2 years you could 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 and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
I need to instruct a conveyancing practitioner in Glynneath for my house move. Can I check a solicitor's complaints history with the profession’s regulator?
You can read documented Solicitor Regulator Association (SRA) determinations arising from investigations started on or after Jan 2008. Visit Check a solicitor's record. To find records Pre 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The SRA may monitor telephone calls for training purposes.
Planning to complete next month on a studio apartment in Glynneath. Conveyancing lawyers assured me that they report fully within the next couple of days. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Glynneath should include some of the following:
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Setting out your legal entitlements in respect of the communal areas in the block.For instance, does the lease include a right of way over an accessway or staircase? Whether your lease has a provision for a reserve fund? Where does the liability rest for repairing the window frames What remedies are open the freeholder should you are in breach of your lease terms? You would want to be sent a copy of the lease
Glynneath Conveyancing for Leasehold Flats - A selection of Queries Prior to Purchasing
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You should want to discover as much as possible concerning the company managing the block as they will affect your use and enjoyment of the property. As the owner of a leasehold property you are often in the clutches of the managing agents both financially and when it comes to every day matters like the upkeep of the common parts. Enquire of other people what they think of their service. Finally, be sure you discover the dates that the maintenance charges are due to the managing agents and specifically how they are spending the funds. Plenty Glynneath leasehold flats will incur a service charge for the upkeep of the block set on behalf of the management company. If you purchase the flat you will have to meet this amount, normally periodically throughout the year. This may differ from a few hundred pounds to thousands of pounds for large purpose-built buildings. There will also be a ground rent to be met yearly, normally this is not a significant amount, say about £50-£100 but you need to enquire it because sometimes it can be prohibitively expensive. Please note that where the lease has less than 80 years it will have adverse implications on the salability of the property. It is worth checking with your bank that they are content with the length of the lease. Leases with less than 80 years remaining means that you will almost definitely need a lease extension at some point and it is worth discovering what this would cost. For most Glynneathlease extensions you would be be obliged to have been the owner of the property for two years in order to be eligible to carry out a lease extension.