Unfortunately I am unable to travel far from Barry. I would like to know the reason why all Barry conveyancers aren't automatically on all bank panels?
Banks highlight the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year.The elimination of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its conclusions included recommendations for lending institutions to review their conveyancing panels, which kicked off a major policy change in the sector. It resulted in banks and building societies culling less reputable firms from their official list of approved conveyancing practitioners .
I am downsizing from our property in Barry and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. A local conveyancer would know this is not the case. For the life of me I don't know why the buyers instructed a web based conveyancing practice rather than a conveyancing solicitor in Barry. We have lived in Barry for three years we know of no issue. Is it a good idea to contact our local Authority to seek confirmation that there is no issue.
It would appear that you have a conveyancing lawyer currently acting for you. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
I'm purchasing a new build house in Barry with the aid of help to buy. The sellers refused to reduce the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not to tell my conveyancer about the deal as it could put at risk my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the guidance of my in-laws I had a survey completed on a house in Barry prior to retaining lawyers. I have been informed that there is a flying freehold overhang to the house. My surveyor has said that some banks may refuse to give a loan on such a property.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. If you call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Barry. Conveyancing will be smoother if you use a solicitor in Barry especially if they are familiar with such properties in Barry.
I need to instruct a conveyancing solicitor in Barry for my home move. Is there any facility to see a solicitor's record with the profession’s regulator?
Members of the public may read presented Solicitor Regulator Association (SRA) determinations arising from inquisitions from 2008 onwards. Visit Check a solicitor's record. For details about the period before 1 January 2008, or to check a firm's history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The SRA could monitor telephone calls for training requirements.
My aim is to acquire a ground floor apartment in Barry. Conveyancing solicitor is awaiting, from the seller, building insurance paperwork. Earlier today I was informed that the owner needs to forward the insurance paperwork for the flat above also. Why would my property lawyer want to check the insurance for the flat above? Is it strictly required? We have been stalled for the previous month…
It is not impossible in leasehold conveyancing in Barry to discover Conveyancing in Barry in a minority of cases reveals that the lease provides for the leasehold owners to insure their individual flats as opposed to the landlord insuring the entire block - which is clearly preferable. Do clarify with your conveyancing practitioner but it would appear that your lawyer is seeking to verify that the whole building is insured. Insuring a ground floor flat is no help when it comes to rebuilding after a fire if the 1st floor cannot be reinstated for lack of insurance.