My husband and I are nearing an exchange on a house in Cyncoed and my mum and dad have transferred the 10% deposit to my property lawyer. I am now advised that as the deposit has not come from me my lawyer needs to disclose this to my lender. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I informed the mortgage company about my parents' contribution when I applied for the home loan, so is it really necessary for this now to be an issue?

The conveyancer is obliged to clarify with the bank to make sure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only notify this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.

Can your site be used to recommend a Conveyancing solicitor in Cyncoed even if I’m not purchasing or selling a house, for example if I wish to buy a shop in Cyncoed with a mortgage from Barclays Direct?

Our search tool is mainly utilised to locate domestic conveyancing solicitors in Cyncoed but we have listed towards the end of this page a selection of Cyncoed commercial conveyancing firms. You will need to speak with the company directly to establish if they are also authorised to represent Barclays Direct

I appreciate that there are debates on Chancel Insurance on online forums. Do I need chancel insurance when buying a house in Cyncoed? or Apparently there is a law dating back centuries that means some homeowners residing in a parish church boundary may be liable to pay for maintenance to the chancel in proximity to the church. Is this relevant for conveyancing in Cyncoed?

Unless a previous purchase of the house took place post 12 October 2013 you may assume that lawyers conducting conveyancing in Cyncoed to remain encouraging a chancel search and or chancel repair liability insurance.

How does conveyancing in Cyncoed differ for newly converted properties?

Most buyers of new build property in Cyncoed contact us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is built. This is because new home sellers in Cyncoed typically purchase the land, 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 Cyncoed or who has acted in the same development.

Can you offer any advice when it comes to finding a Cyncoed conveyancing firm to deal with our lease extension?

If you are instructing a conveyancer for your lease extension (regardless if they are a Cyncoed conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We advise that you make enquires with two or three firms including non Cyncoed conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be helpful:

How familiar is the practice with lease extension legislation?

I acquired a basement flat in Cyncoed, conveyancing formalities finalised in 2009. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Cyncoed with over 90 years remaining are worth £195,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease comes to an end on 21st October 2089

You have 63 years remaining on your lease we estimate the premium for your lease extension to be between £16,200 and £18,600 as well as professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.