My fiance’s mother is a property lawyer. I suspect that I'll be able to get mate’s pricing for conveyancing, but if not, what kind of fees should I be paying for conveyancing in Llantwit Fardre?
It’s a good idea to look for two or three conveyancing quotes. Make use of our search tool on this page. Whilst charges will vary but the service one can expect are distinct between property lawyers as is the case with the vast majority of professional services.
Our son is in the process of securing a newly built flat in Llantwit Fardre with a mortgage from HSBC. His solicitor has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the HSBC conveyancing panel as a standard part of the process, and to the valuer when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the HSBC conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
My lawyer in Llantwit Fardre is not listed on the Lloyds TSB Bank Solicitor Panel. Is it possible for me to use my family solicitor even though they are not on the Lloyds TSB Bank list of approved lawyers?
Your options are as follows:
- Carry on with your existing Llantwit Fardre solicitors but Lloyds TSB Bank will need to use a lawyer on their panel. This will result in additional overall conveyancing charges and cause delays.
- Choose an alternative solicitor to to deal with the conveyancing, remembering to check they are Convince your solicitor to do everything within their powers to join the Lloyds TSB Bank conveyancing panel
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Llantwit Fardre?
There are many registered licenced Conveyancers in Llantwit Fardre and Solicitor practices in Llantwit Fardre offering conveyancing We would stress that the two are regulated professionals specialising in the legal aspects of the home buying process. Both can deal with associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
When it comes to lenders such as Santander, do Llantwit Fardre conveyancing practitioners incur a fee to be on the conveyancing panel?
We are unaware of any lender fees to register on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
We had chosen solicitors based in Llantwit Fardre on the Barclays solicitor approved list. They are now charging me a further fee for handling the Barclays mortgage. Is this an additional conveyancing fee specified by Barclays?
Provided it is contained in their Terms of Engagement or Quote then yes your solicitor may charge a fee for this. The fee is not set by Barclays but by your Llantwit Fardre lawyer. Some firms on the Barclays panel will charge an ‘acting for lender’ fee and others do not.
My husband and I are FTB’s - had an offer accepted, but the selling agent advised that the seller will only go ahead if we use their recommended conveyancers as they need a ‘quick sale’. Our preferred option is to instruct a family conveyancer who is familiar with conveyancing in Llantwit Fardre
It is highly unlikely the sellers are driving this. If they require ‘a quick sale', alienating a motivated buyer is not the way to achieve this. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)however you intend to instruct your preferred Llantwit Fardre conveyancing solicitors - not the ones that will provide their negotiator at the agency a introducer fee or hit his conveyancing targets set by HQ.
I am looking at a two apartments in Llantwit Fardre which have approximately 50 years remaining on the leases. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the property for a period of time. As the lease shortens the marketability of the lease deteriorates and it becomes more costly to acquire a lease extension. This is why it is often a good idea to extend the lease term. It is often difficult to sell a property with a short lease because mortgage lenders may be reluctant to lend money on properties of this type. Lease enfranchisement can be a difficult process. We advise that you seek professional help from a solicitor and surveyor with experience in this arena.
I bought a 1 bedroom flat in Llantwit Fardre, conveyancing having been completed August 2012. Can you work out an approximate cost of a lease extension? Similar flats in Llantwit Fardre with a long lease are worth £195,000. The ground rent is £45 per annum. The lease expires on 21st October 2089
You have 64 years left to run the likely cost is going to range between £14,300 and £16,400 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.