What is the first thing I need to know concerning purchase conveyancing in Neath Abbey?

Not many law firms shout this from the rooftops but conveyancing in Neath Abbey and elsewhere in Neath Port Talbot is an adversarial experience. Put another way, when it comes to conveyancing there exists lots of opportunity for confrontation between you and others involved in the legal transfer of property. E.g., the vendor, estate agent and sometimes a mortgage company. Choosing a law firm for your conveyancing in Neath Abbey an important selection as your conveyancer is your adviser, and is the ONE person in the process whose role it is to look after your best interests and to protect you.

Sometimes a potential adversary will attempt to convince you that you should follow their advice. For instance, the selling agent may claim to be assisting by claiming that your solicitor is slow. Or your financial adviser may tell you to do take action that is against your conveyancers advice. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.

My wife and I have arranged a further advance on our mortgage from Leeds Building Society as we wish to conduct a loft conversion to our house in Neath Abbey. Are we obliged to choose a high street Neath Abbey solicitor on the Leeds Building Society conveyancing panel to deal with the paperwork?

Leeds Building Society do not ordinarily instruct a member of their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Leeds Building Society panel.

Last month we had a mortgage agreed in principle with Nationwide. Neath Abbey conveyancing solicitors were appointed. How long does it take for Nationwide to issue the offer to the lawyer?

Some lenders take longer than others. Have Nationwide completed the survey? Have you informed Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.

Principality have agreed my home loan in principle, my offer on a apartment in Neath Abbey has been agreed to, what are the next steps?

Your property agent will need to know who your solicitors are (ensure that the conveyancers are on the bank’s approved list). Contact Principality or the financial adviser and finish off any outstanding paperwork. Principality will sellect a valuer who will get in touch with the selling agent or vendor to book a slot for the valuation to happen. Once carried out (assuming no problems) it takes approximately a week for the mortgage offer to be issued. Principality will issue the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Neath Abbey.

As co-executor for the estate of my aunt I am selling a property in Newport but live in Neath Abbey. My conveyancer (who is 250 kilometers awayneeds me to execute a statutory declaration before the transaction finalising. Can you recommend a conveyancing solicitor in Neath Abbey who can witness and place their company stamp on the document?

Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will be fine regardless of whether they are located in Neath Abbey

I've found a house that appears to be perfect, at a great figure which is making it all the more appealing. I have since discovered that it's a leasehold as opposed to freehold. I would have thought that there are issues purchasing a house with a leasehold title in Neath Abbey. Conveyancing lawyers have not yet been appointed. Will my lawyers set out the implications of buying a leasehold house in Neath Abbey ?

Most houses in Neath Abbey are freehold and not leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. We note that you are purchasing in Neath Abbey in which case you should be looking for a Neath Abbey conveyancing solicitor and be sure that they are used to dealing with leasehold houses. First you will need to check the number of years remaining. Being a tenant you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example requiring the landlord’spermission to carry out changes to the property. It may be necessary to pay a maintenance charge towards the maintenance of the estate where the property is part of an estate. Your conveyancer will report to you on the legal implications.

Leasehold Conveyancing in Neath Abbey - A selection of Questions you should consider Prior to Purchasing

It would be wise to enquire if there is anything that is prohibited in the lease. For example some leases prohibit pets being allowed in certain buildings in Neath Abbey. If you like the flatin Neath Abbey however your cat is not allowed to make the move with you then you have a very difficult determination. It would be prudent to discover as much as you can concerning the managing agents as they will impact your use and enjoyment of the property. Being a leasehold owner you are frequently at the mercy of the managing agents from a financial perspective and when it comes to daily matters such as the cleanliness of the common parts. Ask prospective neighbours what they think of them. On a final note, investigate as to the dates that you are obliged pay the maintenance charge to the relevant party and precisely what you get for your money. If a Neath Abbey lease has less than 80 years it will impact the salability of the flat. Check with your bank that they are willing to go ahead with the loan given the lease term. A short lease means that you will probably need a lease extension at some point and you need to have some idea of what this would cost. For most Neath Abbeylease extensions you would need to own the property for a couple of years in order to be entitled to carry out a lease extension.

If instructed can a conveyancer remove a name from the title of my property in Neath Abbey ?

Extracting or adding someone to the title of your home is relatively straightforward. You’ll need to appoint a conveyancing practitioner to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a conveyancing practitioner