We note that you have a post code search directory listing solicitors on the Coventry BS conveyancing panel. Do firms pay you a commission if I retain them for our own conveyancing in Margam?
We are a listing service only for law firms wishing to communicate if they are on the Coventry BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Margam.
What is the difference between a licensed conveyancer and conveyancing solicitor in Margam
There are two types of lawyers who can carry out conveyancing in Margam namely CLC regulated conveyancers or solicitors. Both professionals administer the legal services that you need to complete the sale or acquisition of property. They are both required to conduct Margam conveyancing on similar quality and guidelines so you may be safe in the knowledge that your conveyancing will be professionally conducted and that all requirements and procedures will be appropriately taken.
I'm the single beneficiary of my late mum's will with all property in now in my sole name, including the house in Margam. The Margam property was put into my name in June. I now wish to sell up. I do know about the CML six month 'rule', which means that my property ownership will be considered the same way as if I'd bought the property in June. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. many mortgage companies would take a pragmatic view as this provision is chiefly there to pick up on the purchase and immediately sell or the quick reselling of property.
I have today made my last payment due on my mortgage with Lloyds. I assume I don't need a Margam lawyer on the Lloyds panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Lloyds mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Lloyds mortgage from the register. Lloyds, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Lloyds has sent the Land Registry the discharge electronically, and
- Lloyds has instructed the Land Registry to do so
I am buying a new build apartment in Margam. Conveyancing is daunting 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 are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Margam
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
I am selling my property. My former conveyancers have shut. It would be helpful to have a recommendation of a conveyancing firm. Im based in Margam if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Margam. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
Am I best advised to choose a Margam conveyancing practitioner based in the vicinity that I am buying? We have a good friend who can deal with the legal formalities but her office is 400kilometers drive away.
The primary upside of using a local Margam conveyancing practice is that you can pop in to sign paperwork, deliver your ID and pester them if necessary. They will also have local insight which is a plus. That being said it's more important to get someone that will do a good and efficient job. If you know people who used your friend and on the whole were happy that should surpass using an unknown Margam conveyancing lawyer solely due to them being Margam based.
Why am I unable to complete my conveyancing in Margam on May bank holiday?
This is due to the fact that on completion the sale price will be transferred electronically between the banks of the buyer and seller's conveyancer and currently this can only take place on a business day. So you can't complete on a weekend either.