I am getting a mortgage offer from Lloyds. My intention is to retain the legal services of a Licensed Conveyancer in Rudry. Does the Lloyds Solicitor panel include conveyancers regulated by the CLC?
The Lloyds approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
We are purchasing a newly built duplex in Rudry and my solicitor is informing me that she has to the bank to disclose incentives from the builder. I am on a tight deadline to sign contracts and my preference is not to delay matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am expecting a DIP from RBS this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do RBS recommend any Rudry solicitors on the RBS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Rudry solicitors independently although you'll need to choose one on the RBS conveyancing panel. The solicitor represents both you and RBS through the process.
I'm at the point of looking at apartments in Rudry and I am about to put in an offer. Should I already have a property lawyer appointed at this point? I will be getting a mortgage with Coventry BS.
It would be prudent to instigate your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. As you are obtaining a mortgage with Coventry BS, ask your prospective lawyers if they are on the Coventry BS conveyancing panel otherwise they can't do the mortgage legal work.
I have decided to exercise my right to buy my property in Rudry off the council. I have a mortgage agreed with Clydesdale. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Clydesdale, you will need to appoint a solicitor on the Clydesdale conveyancing panel.
A colleague suggested that if I am purchasing in Rudry I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually quoted for as part of the standard Rudry conveyancing searches. It is a large report of about 40 pages, listing and detailing important information about Rudry around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Rudry Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data about Rudry.
I opted to have a survey done on a house in Rudry in advance of retaining lawyers. I have been told that there is a flying freehold element to the property. Our surveyor has said that some mortgage companies may not give a mortgage on a flying freehold property.
It varies from the lender to lender. Santander has different requirements for example to Nationwide. Should you wish to call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Rudry. Conveyancing will be smoother if you use a solicitor in Rudry especially if they are familiar with such properties in Rudry.
I am soon to complete on the purchase a property in Rudry but as a consequence of wreckage from the recent storms I have negotiated reparation from the current proprietors of four thousand pounds by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process however my bank will not agree to this. Should they have been approached?
The property lawyer listed on the lender conveyancing panel is required to advise the mortgage company of any amendments to the purchase figure. If you were to refuse your conveyancing practitioner to notify the reduction to your bank then they would need to refrain from acting for you and the lender.