Me and my partner are acquiring an apartment in Tredegar. My lawyer is not on the mortgage company conveyancing panel. Is it possible for me to appoint my Tredegar conveyancing solicitor notwithstanding that they are not on the lender panel of approved conveyancing solicitors?
You will need to appoint a lawyer to deal with the formalities if you require a mortgage to buy your home. They will carry out all the essential legal checks on the property, ensuring that you’re properly registered as the owner and ensure that all the necessary mortgage paperwork is dealt with. One can instruct a Tredegar solicitor of your choosing. However, if the lawyer selected is not on the bank approved list further fees will arise as separate legal representation will be required by them. Lender panel applications may be submitted, so where your conveyancer has not in the past sought membership they should do so.
We are planning to buy with Earl Shilton BS. We have called around locally but am unable to find a Tredegar conveyancing firm on the Earl Shilton BS panel. Can you help?
Feel free to take advantage of the search tool on this site. Please choose the lender and type Tredegar or your preferred area and you will discover numerous conveyancers based in Tredegar or near you.
My wife and I are in the process of looking at houses in Tredegar and I am now considering a potential offer. Should I already have a lawyer appointed at this point? I am planning to take a mortgage with RBS.
It would be sensible to start 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 pass their contact information on to the EA. As you are getting a mortgage with RBS, ask your prospective lawyers if they are on the RBS conveyancing panel otherwise they can't do the mortgage legal work.
Planning on purchasing a house in Tredegar. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Co-operative conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Tredegar property lawyer is on the Co-operative conveyancing panel.
I had an offer accepted on an apartment in Tredegar on 17/8/2020, valuation was booked five days after, received a clean bill of health. Solicitor instructed, so all that was missing was my mortgage offer. Having made daily calls to Bank of Ireland and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Bank of Ireland conveyancing panel. Can the lender hold off the offer?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Bank of Ireland to deal with your lawyer's application to be on the Bank of Ireland conveyancing panel. There's no guarantee that your solicitor will be accepted.
My wife and I have a semi-detached Georgian house in Tredegar. Conveyancing solicitor acted for me and Nottingham Building Society. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold with the exact same property. I'd like to know for sure, how can I find out??
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Tredegar and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with the conveyancing lawyer who conducted the purchase.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. Tredegar is the location of the property. What do you suggest?
Flying freeholds in Tredegar are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Tredegar you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Tredegar may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I have been advised by two or three local selling agents in Tredegar to locate a solicitor on your site. Is there a financial advantage for Estate Agents to offer your services rather than alternative conveyancing organisations?
We refuse to give any financial incentive for pointing buyers and sellers in our direction. We thought it would be too underhand a fee as a client could think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.