I am expecting a offer of a home loan from Lloyds. My intention is to retain the legal services of a Licensed Conveyancer in Penllergaer. Does the Lloyds Solicitor panel include Licensed Conveyancers?
The Lloyds approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
I have given 2 months notice to my existing landlord and must vacate my let out apartment in Penllergaer by 4/8/2025. Conveyancing on my purchase is underway. How realistic is it to complete in 5 weeks as I wish to avoid having to find short term accommodation?
The normal practice is not to provide notice on a rental unless you have exchanged. If you have not previously done so, update to your lawyer and ask them to they apply pressure on the owners side, try to an agreed time frame that all parties will look to achieve
When does exchange of contracts happen for domestic conveyancing in Penllergaer and do I need to attend the lawyers office?
Where you are near to our conveyancing solicitors in Penllergaer you are invited in to sign contracts. That being said, the firms we recommend offer a nationwide conveyancing service and provide just as diligent and professional a job for you when communicating with you electronically. The executing of the contract is not the point of no return. A signed contract is necessary for the solicitor to officially exchange at the suitable time, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Penllergaer)to be in the office at the appropriate time.
We have a mortgage agreed in principle with Coventry BS. Penllergaer conveyancing lawyers were instructed. How long does it take for Coventry BS to forward the offer to the solicitor?
Some lenders take longer than others. Have Coventry BS done the survey? Have you advised Coventry BS as to your lawyers' details and checked that your lawyers are on the Coventry BS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have paid off my mortgage with Skipton. I assume I don't need a Penllergaer property lawyer on the Skipton panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Skipton 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 Skipton mortgage from the register. Skipton, 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 Skipton has sent the Land Registry the discharge electronically, and
- Skipton has instructed the Land Registry to do so
I was told three weeks ago that my mortgage has been agreed to by HSBC. Is it usual for HSBC to only issue the offer once my solicitor in Penllergaer is approved on their conveyancing panel? HSBC have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for HSBC to deal with your lawyer's application to be on the HSBC conveyancing panel. There's no guarantee that your solicitor will be accepted.
I have been on the look out for a flat up to £195,000 and found one round the corner in Penllergaer I like with a park and station nearby, the downside is that it's only got 61 years unexpired on the lease. There is not much else in Penllergaer in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a mortgage that many years may be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
I am looking for a conveyancing lawyer in Penllergaer for my home move. Can I see a firm’s record with the profession’s regulator?
You may read documented Solicitor Regulator Association (SRA) determinations resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. For information Pre 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The regulator may recorded telephone calls for training purposes.