We instructed a Treforest based firm for my conveyancing in Treforest today. Reviewing the Terms I seeI am liable for fees even if the movedoes not happen. Should I go with them or appoint a web based solicitor practice who offer no-sale-no-fee conveyancing in Treforest?
Generally there is a concession along the lines that if "No Completion No Fee" is advertised then the conveyancing charges will generally be more expensive to counteract the conveyances that fail to complete. Do bear in mind that these arrangements tend not to cover disbursements for instance Treforest conveyancing search costs.
My solicitor has identified a a problem with the lease for the property we are purchasing in Treforest. The seller’s lawyers have suggested title insurance as a solution. We are happy with insurance and will cover the costs. Our conveyancer has advised that he must check that the lender is willing to move forward with this solution. Who is the client here, us or the lender?
Even though you have a mortgage offer from the lender does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook provisions. You and the lender are the client. The appropriate lender requirements must be adhered to.
What does my ID and proof of funds have anything to do with my conveyancing in Treforest? Is this really necessary?
It is indeed that case that these requests have nothing to do with conveyancing in Treforest. However these days you can not complete any conveyancing transaction without first submitting proof of your identity. This usually takes the form of a either your passport or driving licence and a bank statement. Remember if you are supplying your driving licence as proof of identification it must be both the paper section as well as the photo card part, one is not satisfactory in the absence of the other.
Proof of your origin of funds is mandated under Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancer must have this information on record. Your Treforest conveyancing practitioner will require evidence of proof of funds prior to accepting any funds from you into their client account and they should also ask additional questions regarding the source of funds.
Do I need to take out insurance to address the risk of chancel repairs when purchasing a house in Treforest?
Unless a previous acquisition of the property took place after 12 October 2013 you could take it that solicitors conducting conveyancing in Treforest to remain recommending a chancel search and or chancel repair liability insurance.
I have been pointed in your direction by a few selling agents in Treforest to select a conveyancer on your site. Is there a financial upside for Estate Agents to offer your lawyers ahead of another?
We refuse to offer any commission for pointing buyers and sellers in our direction. We thought it would be too underhand to pay a commission because home movers will think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
We are one month into a freehold purchase having been referred to solicitors by the estate agent to carry out the conveyancing in Treforest. We are not happy. Could you you assist me in finding new conveyancers?
A solicitor would have to be very bad to suggest diss instructing them. Has your loan offer been issued? If so you need to make them aware of the replacement solicitor and have the offer are re-issued. Your new solicitor ideally should be on the banks panel to avoid supplemental expenses and frustration. So that should be your starting point. The find a solicitor tool will help you find a bank approved conveyancer for your home move in Treforest