How up to date is your database of Llanelli solicitors on the HSBC conveyancing panel? Do HSBC send you an updated list?
Llanelli conveyancing firms themselves provide us confirmation that they are on the HSBC conveyancing panel as opposed to being supplied with a list from HSBC directly.
I have a renovated Victorian property in Llanelli. Conveyancing practitioner represented me and Halifax. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold with the matching property. I'd like to know for sure, how can I find out??
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Llanelli and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with the conveyancing practitioner who completed the work.
I have been on the look out for a ground for flat up to £195,000 and identified one round the corner in Llanelli I like with a park and transport links in the vicinity, however it's only got 52 years on the lease. There is not much else in Llanelli for this price, so just wondered if I would be making a grave error buying a short lease?
Should you need a home loan that many years may be an issue. Reduce the price by the expected 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 could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
We're novice buyers - agreed a price, but the agent advised that the owners will only move forward if we instruct the agent's chosen solicitors as they want an ‘expedited deal’. Our preferred option is to instruct a high street conveyancer accustomed to conveyancing in Llanelli
We suspect that the seller is not behind this demand. Should the owner want ‘a quick sale', taking such a hostile approach to a motivated purchaser is is going to put the whole deal at risk. Speak to the vendors direct and explain that (a)you are serious buyers (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)however you are going to instruct your preferred Llanelli conveyancing lawyers - not the ones that will provide the estate agent a kickback or achieve conveyancing figures set by senior management.
What can I expect to pay for conveyancing in Llanelli?
The total sum charged for conveyancing in Llanelli are likely to be calculated at:
- a fixed amount; or
- an hourly rate (i.e. the time spent on the particular case).
In reality you seldom hear of Llanelli conveyancing firms invoice on time basis