Is there a search tool that I can use to check that the solicitor conducting my conveyancing in Barry is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Aldermore thus spending £192.00 in additional legal costs.
You should make the most of the search tool on this web page. Please choose the mortgage company and type ‘Barry’ or your location and you will discover a number of lawyer offices in Barry or nearest you.
Forgive me if this question is silly but I am new to the home moving as FTB of a two bedroom flat in Barry. Do I receive the keys to the property on the completion date from my lawyer? If so, I will find a High Street conveyancing solicitor in Barry?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the completion advance to the seller's solicitors, and once they have received this, you should be able to receive the keys from the selling Agents and start moving into the property. Usually this happens between 1 and 3pm.
I am the sole beneficiary of my late grandmother’s will with all property in now in my sole name, including the my former home in Barry. Conveyancing formalities meant that the Land Registry date was in December. I now wish to sell up. I understand that there is a CML 6 month 'rule', which means that my property ownership may be treated the same way as if I'd bought the property in December. Is the property unsalable for six months?
The CML handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. Most banks would take a practical view as this requirement primarily exists to capture the purchase and immediately sell or the wholesaling and assigning of property.
I have paid off my mortgage with TSB. I assume I don't need a Barry conveyancer on the TSB panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your TSB mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the TSB mortgage from the register. TSB, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where TSB has sent the Land Registry the discharge electronically, and
- TSB has instructed the Land Registry to do so
My wife and I own a terraced Georgian property in Barry. Conveyancing practitioner acted for me and Barnsley Building Society. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold with the exact same property. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Barry 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 position with your conveyancing solicitor who completed the work.
I'm buying a new build house in Barry with the aid of help to buy. The builders would not budge the price so I negotiated £7000 of fixtures and fittings instead. The property agent told me not to tell my lawyer about this extras as it may put at risk my mortgage with the bank. Is this normal?.
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.
I need to instruct a conveyancing solicitor for sale conveyancing in Barry. I have chance upon a web site which looks to be the perfect offering If it is possible to get all the legals done via email that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My plan is to purchase a ground floor maisonette in Barry. Conveyancing lawyer has been awaiting, from the owner, building insurance documents. This afternoon I was informed that the owner needs to forward the insurance documents for the flat above in addition. Why would my lawyer want to review the insurance for the flat above? Is it really required? We have been stalled for the last month…
It is not unheard of 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 rather than the landlord insuring the whole property - which is definitely better. You should clarify with your property lawyer but it would appear that your solicitor is seeking to establish that the whole building is insured. Insuring a ground floor apartment is no help when it comes to rebuilding after a fire if the other flat cannot be reconstructed as a result of lack of insurance cover.