My bid for a property was accepted at auction in Radyr. Conveyancing is needed. What is next?

Now that you are to all intents and purposes signed on the dotted line you must choose a conveyancing solicitor quickly as you are faced with a tight a fixed date to complete the transaction. Every auction property will ordinarily have an associated auction pack. This should include most,if not all of the documents that your conveyancer requires. Where you are dealing with leasehold property the auction papers should provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation pertinent to leasehold premises. You should give this to the lawyer working for you ASAP. You also need to ensure that you have funds in place to complete on the date specified in the contract.

Does a directory service exist listing Virgin Money panel solicitors in Radyr on the Building Society Association’s Website?

No. There is no such tool on the CML or Building Society Association websites. A small selection of mortgage companies make their panel listings available on the web. If you are looking for a Radyr lawyer on the Virgin Money please make the most of our tool.

We have agreed to purchase a house in Radyr. A rare aspect is that the roof has a solar panel. Kent Reliance have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?

Given that your lender is Kent Reliance your lawyer must check the formal requirements set out in Section two of UK Finance Lenders’ Handbook for Kent Reliance. The CML Handbook sets out minimum requirements for solar panel roof-space leases, and conveyancers are required to report to Kent Reliance where a lease fails to comply with these conditions. The provisions relate to the installation of panels on properties nationwide and is not limited to Radyr.

Are there restrictive covenants that are commonly identified as part of conveyancing in Radyr?

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Radyr. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a simple, chain free conveyancing. Radyr is where the house is located. Can you shed any light on this issue?

Flying freeholds in Radyr are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Radyr you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Radyr may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

I'm converting the mortgage on my existing house to a BTL loan with Barnsley Building Society and I will use the ballance of the raised equity as a deposit on further property. The area we are looking at is Radyr. Will your lawyers be able to act for the two lenders and tie in the transactions?

Make use of our search tool on this site to check that the conveyancers are on the appropriate lender panels. On the basis that they are the solicitor will be able to tie up the two transactions but you should have a chat with you solicitor and communicate your expectations and requirements.

Can you provide any top tips for leasehold conveyancing in Radyr from the point of view of expediting the sale process?

• A significant proportion of the frustration in leasehold conveyancing in Radyr can be bypassed where you instruct lawyers as soon as you market your property and ask them to put together the leasehold documentation which will be required by the buyers’ lawyers.
If you have the benefit of shareholding in the freehold, you should ensure that you hold the original share certificate. Organising a new share certificate can be a time consuming formality and delays many a Radyr home move. Where a new share is needed, do contact the company director and secretary or managing agents (where relevant) for this sooner rather than later. If you have had conflict with your landlord or managing agents it is essential that these are resolved before the property is put on the market. The buyers and their solicitors will be reluctant to purchase a property where a dispute is unsettled. You may need to swallow your pride and discharge any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the purchasers, but it is clearly preferable to present the dispute as historic as opposed to ongoing. You believe that you know the number of years remaining on your lease but you should double-check by asking your lawyers. A purchaser's conveyancer will be unlikely to recommend their client to proceed with the purchase of a leasehold property the lease term is below 80 years. In the circumstances it is important at an as soon as possible that you consider whether the lease for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale.

Leasehold Conveyancing in Radyr - A selection of Queries Prior to Purchasing

Where a Radyr lease has no more than eighty years it will affect the salability of the flat. Check with your mortgage company that they are happy with residual term of the lease. Leases with less than 80 years remaining means that you will probably need a lease extension at some point and you need to have some idea of how much this will be. Remember, in most cases you will need to own the residence for 24 months before you are entitled to extend the lease. Be sure to investigate if there are any onerous prohibitions in the lease. For instance it is fairly common in Radyr leases that pets are not permitted in in a block in Radyr. If you love the flatin Radyr however your cat can’t move with you then you will be presented with a hard choice. How much is the maintenance charge and ground rent on the apartment?