IfI was to purchase a simple residential housein Trefnant mortgage fee and dispense with a survey and no local authority searches how much could I expect to to save on my conveyancing in Trefnant?
Any savings you would make would be limited to the Trefnant conveyancing searches. Your conveyancing practitioner still got to do everything else - money laundering, liaising with your vendors property lawyer, SDLT return, register the property etc. A marginal saving might be made by not needing to register a mortgage but it will not be meaningful.
Is there a list of HSBC panel solicitors in Trefnant on the Council of Mortgage Lender’s Website?
No. There is no such tool on the CML or Building Society Association sites. Very few banks make their panel listings open the public online. Where you are in need of a Trefnant conveyancing practitioner on the HSBC please make the most of our tool.
I am buying a property in Trefnant. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Clydesdale be concerned?
Given that your lender is Clydesdale your lawyer must follow the conveyancing instructions contained in Part 2 of UK Finance Lenders’ Handbook for Clydesdale. The CML Handbook contains minimum provisions for solar panel roof-space leases, and lawyers are required to report to Clydesdale where a lease fails to satisfy these conditions. The provisions relate to the installation of panels on properties in England and Wales and is not limited to Trefnant.
RBS have agreed my home loan in principle, my bid on a house in Trefnant has been agreed to, what are the next steps?
Your estate agent will need to be informed of your property lawyer's details (ensure that the conveyancing practitioners are on the lender’s approved list). Call up RBS or the financial adviser and complete any outstanding documentation. RBS will appoint a valuer who will get in touch with the selling agent or vendor to arrange an appointment. Once carried out (assuming no problems) it takes on average a week for the mortgage offer to be issued. RBS will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Trefnant.
I have been told that property searches are a common reason for delay in Trefnant conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not figure within the most frequent causes of hindrances during the legal transfer of property. Local searches are not likely to be the root cause of holding up conveyancing in Trefnant.
Me and my brother purchased a terraced Georgian property in Trefnant. Conveyancing practitioner represented me and Bank of Scotland. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold under the exact same property. Is it worth asking Bank of Scotland to clarify?
You should assess 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 Trefnant and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with your conveyancing lawyer who carried out the work.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what was supposed to be a quick, chain free conveyancing. Trefnant is where the house is located. Can you shed any light on this issue?
Flying freeholds in Trefnant are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Trefnant you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Trefnant 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 pay a service charge for my appartment in Trefnant. Due to redundancy and other issues I fell behind with remittance. The managing agents agreed a settlement plan but there remains around £2000 currently due.
I am under pressure to sell and I am worried this may hold me back if I have to discharge the amount due first. I'd like to sell up and then discharge the arrears from the proceeds - is this practicable?
Do clarify with the lawyer dealing with your Trefnant conveyancing but it may be possible to agree for the debt to be attributed to the buyers. The purchase price they pay would be adjusted to reflect the amount of debt they assume. They would then discharge the arrears once they are the owners.