We were just about to sign contracts for a garden flat in Rudry. We encountered a problem. The loan offer with Halifax expires on 14/12/2026 but the sellers are suggesting a completion date of 16/12/2026. Is it possible to extend the loan expiry date?
The person best placed to address this concern is your conveyancer who will assess whether they better off negotiating with the mortgage broker, vendor’s representatives, property agents or indeed all three given what has gone on in your conveyancing to date.
It has been 2 months following my purchase conveyancing in Rudry concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. 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 residence 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'm purchasing my first flat in Rudry with the aid of help to buy. The developers refused to budge the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep suggested that I not reveal to my conveyancer about this side-deal as it may jeopardize my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the UK Finance website. UK Finance form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been on the look out for a leasehold apartment up to £235,500 and found one near me in Rudry I like with a park and transport links in the vicinity, the downside is that it's only got 51 years unexpired on the lease. I can't really find anything else in Rudry in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
If you need a home loan that many years may be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
Hoping to buy a property located in Rudry and I am already nervous. I couldn't find anything specific about Rudry. Conveyancing will be needed in due course but do you know about the Rudry area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Rudry. In the meantime here are some basic statistics that we found
There are numerous properties in Rudry on private roads. We are buying one such property. What would be the advantages and disadvantages of buying a residence on a private road?
Rudry conveyancing practices are well versed in transacting homeson unadopted roads. The lawyer should investigate title to identify any rights or responsibilities. In many cases there is a management company (wholly owned by residents) that residents make annual payments for the upkeep of the road. If one exists, the road should be maintained and look nicer than publicly maintained.