How up to date is your database of Saundersfoot solicitors on the Virgin Money conveyancing panel? Do Virgin Money send you an updated list?
Saundersfoot conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.
About to place a bid on a leasehold flat in Saundersfoot. The estate agents assure me that it is normal for flats in Saundersfoot to have less than 75 years unexpired on the lease. I am taking out a loan with Accord Mortgages. Is this going to be a problem if the lease has Seventy One years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 2/5/2025 the requirements read as follows :
Forgive me if this question is silly but I am unseasoned as a 1st time purchaser of a garden flat in Saundersfoot. Do I receive the keys to the premises on completion from my solicitor? If so, I will find a local conveyancing solicitor in Saundersfoot?
On the day of completion you do not need to go to the conveyancers office in Saundersfoot. Your solicitors will arrange to send the completion advance to the owner’s lawyers, and shortly after the monies have arrived, you will be able to pick up the keys from the property Agents and move into your new home. This tends to happen early afternoon.
Completion of my purchase has taken place for my property in Saundersfoot. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
Most banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Team at head office. In most cases complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
I recently had an offer accepted on an apartment in Saundersfoot. My financial adviser suggested a property lawyer. I paid an advanced payment of £200. Shortly after, the property lawyer called me embarrassingly acknowledging that they were not on the Coventry BS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Coventry BS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I'm buying my first flat in Saundersfoot benefiting from help to buy. The developers refused to budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep advised me not inform my solicitor about this extras as it would jeopardize my mortgage with Platform Home Loans Ltd. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
My husband and I are one month into a freehold purchase having been directed to solicitors by the estate agent to do our conveyancing in Saundersfoot. I am not happy. Can you help me find new solicitors?
A lawyer would have to be very poor in order to consider diss instructing them. Has your loan offer been sent? In the event that it has you need to advise them of the new contact details and get the loan are issued to the new lawyers. The conveyancer needs to be on the banks approved list to avoid supplemental charges and complications. That should be your first question of the new solicitors. The find a solicitor tool will help you find a lender approved solicitor for your home move in Saundersfoot
I only have 68 years remaining on my flat in Saundersfoot. I need to get lease extension but my freeholder is missing. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be extended by the Court. However, you will be required to prove that you or your lawyers have used your best endeavours to track down the lessor. On the whole an enquiry agent would be useful to conduct investigations and to produce a report to be used as evidence that the freeholder can not be located. It is advisable to get professional help from a property lawyer in relation to proving the landlord’s absence and the vesting order request to the County Court overseeing Saundersfoot.
I am the registered owner of a garden flat in Saundersfoot, conveyancing formalities finalised half a dozen years ago. Can you work out an approximate cost of a lease extension? Corresponding flats in Saundersfoot with over 90 years remaining are worth £185,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease comes to an end on 21st October 2086
With 61 years remaining on your lease we estimate the premium for your lease extension to be between £18,100 and £20,800 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.