Can you explain why leasehold purchase conveyancing in Tonteg is more expensive?
In short, leasehold conveyancing in Tonteg and Abercynon usually warrants additional due diligence compared to freehold transactions. This includes reviewing the lease, communicating with the landlord about the service of appropriate notices, securing up-to-date service charge and management information, procuring the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different owners have owned the lease since it was first entered into.
We are planning on selling our home in Tonteg and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A high street Tonteg conveyancer would know this is not the case. It does beg the question why the purchasers are using a web based conveyancing practice as opposed to a conveyancing solicitor in Tonteg. Having lived in Tonteg for 4 years we know that this is a non issue. Should we contact our local Authority to seek clarification that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor currently acting for you. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
How does conveyancing in Tonteg differ for new build properties?
Most buyers of new build premises in Tonteg approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is constructed. This is because house builders in Tonteg usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Tonteg or who has acted in the same development.
I opted to have a survey completed on a house in Tonteg before appointing lawyers. I have been advised that there is a flying freehold overhang to the house. My surveyor advised that some mortgage companies tend not give a loan on such a home.
It varies from the lender to lender. Santander has different requirements from Halifax. Should you wish to call us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Tonteg. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Tonteg to see if the conveyancing will be more expensive.
My husband and I are novice buyers - agreed a price, yet the selling agent has warned us that the seller will only move forward if we appoint the agent's preferred conveyancers as they want an ‘expedited deal’. Our preferred option is to instruct a local solicitor who is familiar with conveyancing in Tonteg
It is unlikely the owners are driving this. If they require ‘a quick sale', turning down a motivated purchaser is likely to cause more damage than good. Try to communicate with the vendors directly and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)however you intend to use your preferred Tonteg conveyancing solicitors - as opposed tothose that will give their estate agent a kickback or achieve conveyancing targets pre-set by head office.