We are purchasing a newly built apartment in Bargoed and my solicitor is advising me that she has to the mortgage company to disclose incentives from the builder. I am on a tight deadline to sign contracts and I have no desire to delay the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
This question may be naive but I am wet behind the ears as a first time buyer of a ground floor flat in Bargoed. Do I collect the keys to the property on completion from my conveyancer? If this is the case, I will use a High Street conveyancing solicitor in Bargoed?
On the day of completion you do not need to go to the conveyancers office in Bargoed. Your solicitors will transfer the purchase money to the seller's conveyancers, and shortly after the monies have arrived, you will be invited to receive the keys from the Estate Agents and start moving into the property. Usually this occurs early afternoon.
Is it the case that all Bargoed solicitors on the Leeds Building Society conveyancing panel are governed by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Leeds Building Society approved list of solicitors they would need to be overseen by the SRA. The majority of banks do allow licenced conveyancers on their panel and in that case the practice would be overseen by the CLC.
Two weeks ago we had a mortgage agreed in principle with Aldermore. Bargoed conveyancing solicitors were chosen. What is the average time that one could expect to receive a mortgage offer from Aldermore?
Some lenders take longer than others. Have Aldermore conducted the valuation? Have you informed Aldermore as to your lawyers' details and checked that your lawyers are on the Aldermore conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am intent on selling our home in Bargoed and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. Any high street Bargoed conveyancer would know that there is no such problem. It does beg the question why the purchasers are using a national conveyancing firm rather than a conveyancing solicitor in Bargoed. We have lived in Bargoed for 5 years we know of no issue. Do we contact our local Authority to obtain confirmation that the buyers are looking for.
It would appear that you have a conveyancing firm currently acting for you. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
Me and my brother own a semi-detached Edwardian house in Bargoed. Conveyancing lawyer represented me and Halifax. I did a free Land Registry search last week and there are a couple of entries: the first freehold, another for leasehold with the matching address. I thought I was buying a freehold how can I check?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bargoed and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with your conveyancing lawyer who conducted the purchase.
I opted to have a survey carried out on a house in Bargoed prior to appointing solicitors. I have been told that there is a flying freehold aspect to the house. The surveyor has said that some mortgage companies will refuse to give a mortgage on this type of house.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. If you e-mail us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Bargoed. Conveyancing will be smoother if you use a solicitor in Bargoed especially if they are accustomed to such properties in Bargoed.
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