My partner and I are planning to purchase a house in Rudry and have instructed a Rudry conveyancing firm. Within the last couple of days our solicitor has sent a preliminary report and documents to look through with a view to exchanging next week. TSB have this afternoon contacted us to advise us that there is now an issue as our Rudry solicitor is not on their approved list of lawyers. Is this a problem?
Where you are buying a property requiring a mortgage it is usual for the purchasers' lawyers to also act for the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitor should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the lender’s conveyancing panel as you are at liberty to use your preferred Rudry lawyers, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the mix.
Are the Rudry conveyancing solicitors identified as being on the Coventry BS conveyancing panel, together with their details provided by Coventry BS?
Rudry conveyancing firms themselves provide us confirmation that they are on the Coventry BS conveyancing panel as opposed to being supplied with a list from Coventry BS directly.
I am buying a flat and require a conveyancing solicitor in Rudry who is on the Platform Home Loans Ltd approved. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Platform Home Loans Ltd in certain locations such as Rudry. We dont recommend any particular firm.
I opted to have a survey done on a house in Rudry in advance of retaining conveyancers. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies may refuse to grant a mortgage on a flying freehold home.
It depends who your proposed lender is. Santander has different requirements for example to Halifax. Should you wish to call us we can check with the appropriate 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 can be more complicated and therefore you should check with your conveyancing solicitor in Rudry to see if the conveyancing will be more expensive.
What does commercial conveyancing in Rudry cover?
Rudry conveyancing for business premises covers a broad array of advice, offered by regulated solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
I need to appoint a conveyancing solicitor for sale conveyancing in Rudry. I've chance upon a web site which appears to be the ideal answer If there is a chance to get all formalities completed via phone that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?