Why is leasehold purchase conveyancing in St Athan costs more?

The conveyancing fees for a leasehold property in St Athan is frequently greater when contrasted to a freehold property. This is due to the additional time required in dealing with the landlord and managing agents to obtain information concerning whether the rent and maintenance charges have been paid and whether there are any large sums expected to be spent in the near future on repairs or maintenance of the building.

Do I select a Licenced Conveyancer or Solicitor for conveyancing in St Athan?

There are two types of lawyers who can execute conveyancing in St Athan namely CLC regulated conveyancers or solicitors. The two can handle conveyancing services that required to complete the disposal or purchase of property. Both are required to conduct St Athan conveyancing on similar standards and guidelines so you may be safe in the knowledge that your conveyancing will be professionally administered and that the requirements and procedures will be correctly taken.

Is it the case that all St Athan CQS (Conveyancing Quality Scheme) solicitors are on the Yorkshire BS conveyancing list of approved practices?

It is true that some lenders now use the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of firms.

It is unclear whether my lender requires a lease extension. I have called my St Athan building society branch on various occasions and was told they are content with the situation and they would lend. My St Athan conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they refuse to lend based on their published requirements. I simply don't know who is right.

The conveyancing practitioner has to follow the CML Handbook Part 2 requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.

2 months have gone by since my purchase conveyancing in St Athan took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

I am buying a new build flat in St Athan. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in St Athan

The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.

We're novice buyers - had an offer accepted, but the estate agent informed us that the owners will only proceed if we instruct the agent's chosen conveyancers as they need a ‘quick sale’. My instinct tells me that we should use a family solicitor accustomed to conveyancing in St Athan

We suspect that the owner is unaware of this ultimatum. If they want ‘a quick sale', alienating a genuine buyer is going to damage their objectives. Speak to the vendors direct and make the point that (a)you are genuine buyers (b)you are ready to go, with finances arranged © you are chain free (d) you wish to move quickly (e)but you will continue to instruct your preferred St Athan conveyancing lawyers - as opposed tothose that will provide the estate agent a commission or hit his conveyancing figures demanded by HQ.