Is the fact that my solicitor in Carmarthen is not listed on my lender's solicitor panel that there is a problem with the quality of her work?
That is most likely a wrong assumption to make. There are plenty of plausible explanations. Just recently a report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should contact the Carmarthen conveyancing practice and enquire why they are no longer on the approved list for your mortgage company.
I had a mortgage agreed in principle with Skipton. Carmarthen conveyancing lawyers have been chosen. How long does it take for Skipton to issue the offer to the conveyancing practitioner?
Some lenders take longer than others. Have Skipton completed the valuation? Have you informed Skipton as to your lawyers' details and checked that your lawyers are on the Skipton conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
We expect to receive a AIP from Principality this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Principality recommend any Carmarthen solicitors on the Principality conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Carmarthen solicitors independently although you'll need to choose one on the Principality conveyancing panel. The solicitor represents both you and Principality through the process.
After much negotiation I have agreed a price on an apartment in Carmarthen. My mortgage broker suggested a conveyancing practitioner. I paid an on account payment of £225. A few days later, the solicitor contacted me embarrassingly acknowledging that they were not on the Yorkshire BS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Yorkshire BS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I have been told that property searches are the main cause of obstruction in Carmarthen conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not feature within the common causes of hindrances in the conveyancing process. Local searches are not likely to feature in any holding up conveyancing in Carmarthen.
Just had an offer accepted on a new build apartment in Carmarthen. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Carmarthen
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. 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. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
How difficult is it to change conveyancer as I have to choose one who is on the Halifax conveyancing panel. I hired a family conveyancing solicitor in Carmarthen five minutes from me but she is not approved by Halifax
We will our best to assist in finding you a conveyancing solicitor in Carmarthen on the Halifax panel. Please note that the conveyancers that we on the directory do not pay us a referral fee if you instruct them and are fully regulated by the SRA who regulate all conveyancing solicitors in Carmarthen. In making use of the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Carmarthen.
I own a leasehold flat in Carmarthen. Conveyancing and Nationwide Building Society mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1996. The conveyancing solicitor in Carmarthen who previously acted has long since retired. Do I pay?
First make enquiries of HMLR to be sure that this person is indeed the registered owner of the freehold reversion. You do not need to incur the fees of a Carmarthen conveyancing lawyer to do this as it can be done on-line for less than a fiver. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I am the registered owner of a 1 bedroom flat in Carmarthen, conveyancing having been completed half a dozen years ago. How much will my lease extension cost? Corresponding flats in Carmarthen with over 90 years remaining are worth £201,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease expires on 21st October 2090
With just 65 years remaining on your lease the likely cost is going to span between £13,300 and £15,400 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.