I can't travel far from Solva. I would like to know the reason why all Solva conveyancing practitioners are not on all lender panels?
Before the recession most mortgage companies had an approach to risk which differs from the current day. The FSA in 2010 conducted a thematic review into mortgage fraud which in summary warned lenders: know the conveyancing practitioners on your panel. As a result, banks have since looked to extract more information from law firms regarding their processes and the individuals employed by them and set certain criteria such as completing a minimum number of transactions. Thousands of firms have found themselves removed from lender panels even though they had an exemplary disciplinary record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Such firms were never going to satisfy the minimum amount of transactions the mortgage companies set.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Solva. My lender is The Mortgage Works
The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 24/6/2025, the requirements read as follows :
Despite weeks of looking the Title Certificate and documents to my property can not be found. The solicitors who did the conveyancing in Solva 10 years ago are no longer around. Will I be able to sell the house?
In today’s world there are copies made of almost everything, and your conveyancer will be aware precisely where to look for all the suitable paperwork so you may buy or sell your house without a hitch. If duplicates are not available, your conveyancer may be able to arrange cover in the form of insurance or indemnities protecting you against possible claims on your property.
How does conveyancing in Solva differ for new build properties?
Most buyers of new build residence in Solva come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is completed. This is because new home sellers in Solva typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Solva or who has acted in the same development.
Over the last few months I have been searching for a ground for flat up to £245,000 and found one close by in Solva I like with amenity areas and station in the vicinity, however it's only got 49 years unexpired on the lease. There is not much else in Solva suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a mortgage that many years may be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
I am using a search engine for the words on line conveyancing in Solva it shows results of numerous property lawyerslocally. With so much choice what is the best way to find the suitable conveyancing solicitor for my move?
The preferential way of finding a suitable conveyancer is through a personal referral, so ask friends and family who have acquired a property in Solva or the local estate agent or financial adviser. Fees for conveyancing in Solva vary, so it's advisable to request at least four fee calculations from different conveyancers. Dont forget to clarify what costs in the quote includes.