Finally the sale completed on my house in Tredegar last November but my buyer keeps SMS messaging me to say their conveyancer is waiting to hear from mine. What should have happened now that I have sold?
Post completion of your sale your conveyancer is committed to send the transfer documentation and all supplemental paperwork to the purchaser's conveyancer. If applicable, your lawyer must also evidence that the mortgage has been redeemed to the buyers conveyancers. There is unlikely to be post completion procedures just for conveyancing in Tredegar.
Me and my partner are buying a house in Tredegar. I might seem paranoid but how we can trust a solicitor? On the day of competition we will need to deposit money into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
When it comes to lenders such as Yorkshire BS, do Tredegar solicitors incur a yearly amount to be on the list of approved solicitors?
We are not aware of any mortgage company fees to be on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
I can not fathom if my lender requires a lease extension. I have called into my local Tredegar building society branch on various occasions and was told it does not affect the mortgage offer and they would lend. My Tredegar conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they refuse to lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
The lawyer must comply with the CML Handbook Part 2 specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Have completed on a a terraced house in Tredegar , What is the estimated time for the Land Registry to deal with the formalities evidencing the transfer to my name? My Tredegar conveyancing solicitor has been very slow, so I want to check that my ownership is registered.
There is nothing unique about conveyancing in Tredegar registration formalities. As opposed to being determined by geographic area, timeframes can differ subject to who lodges the application, whether it is in order and if the Land registry communicate with any interested persons or bodies. At present in the region of 80% of such applications are fully dealt with within two weeks but some can be subject to extensive hold-ups. Registration takes place once the buyer has moved in to the premises therefore an expedited registration is not typically an essential issue but if it is urgent that the the registration takes place urgently then you or your lawyers can communicate with the Registry to express the reasoning for an expedited registration.
How does conveyancing in Tredegar differ for newly converted properties?
Most buyers of new build property in Tredegar contact us having been asked by the builder to sign contracts and commit to the purchase even before the premises is built. This is because new home sellers in Tredegar usually acquire 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 property lawyers 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 Tredegar or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a property in Tredegar in advance of instructing lawyers. I have been told that there is a flying freehold overhang to the house. My surveyor has said that some banks will not give a mortgage on a flying freehold property.
It depends who your proposed lender is. HSBC has different requirements from Halifax. Should you wish to call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Tredegar. Conveyancing may be slightly more expensive based on your lender's requirements.
Hoping to buy a property located in Tredegar and I am already nervous. I couldn't find anything specific about Tredegar. Conveyancing will be needed in due course but do you know about the Tredegar area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Tredegar. In the meantime here are some basic statistics that we found