We are expecting a mortgage offer soon. The bank mentioned the loan came with free conveyancing. Does this mean I have to appoint their panel solicitor as I would much rather use a Deganwy based conveyancing firm?
Do check but the the likelihood is that appoint one of their panel lawyers if you accept the "fee-free" offer. Speak to the lender to explore if they offer you a monetary alternative. Some banks have previously offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor in Deganwy.
I have todaybecome aware that Arc property Solicitors have closed. They carried out my conveyancing in Deganwy for a purchase of a leasehold flat 9 months ago. How can I check that my home is not still registered in the name of the former proprietor?
The quickest way to see if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Deganwy conveyancing specialists.
I am looking for a ground for flat up to £195,000 and found one close by in Deganwy I like with open areas and railway links in the vicinity, however it only has 51 years on the lease. There is not much else in Deganwy in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a home loan the shortness of the lease will be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least 2 years you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.