My wife and I are soon to exchange buying a house in Gower but as a consequence of damage from a small fire at the property I have was able negotiate recompense from the current proprietors of £3k taking the form of a adjustment in the price. I had intended this to be dealt with as part of a side agreement however Skipton are not allowing this. Should they have been involved?
Any property lawyer that is on a Skipton conveyancing panel is obliged to disclose to Skipton of any variations to the sale price. If you prohibit your solicitor to notify the reduction to Skipton then they would have to discontinue acting for you. In addition, Skipton and you would have to appoint a new solicitor for your conveyancing in Gower.
When can the exchange of contracts take place for sale conveyancing in Gower and am I required to attend the lawyers office?
If you are round the corner to one of the conveyancing solicitors in Gower you are welcome to come in to sign documents. However, the lender approved solicitors we work with supply countrywide coverage for conveyancing and give as equally detailed and professional a job for you when dealing with you digitally. The signing of the property agreement is not the point of no return. A signed contract is just a prerequisite for the conveyancer to officially exchange when the time is right, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Gower)to be in the office available at the end of the phone to exchange contracts.
Please explain the implications if my lawyer’s firm is removed from the HSBC Solicitor panel ahead of completing my conveyancing in Gower?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Gower?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Gower. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I opted to have a survey completed on a property in Gower before appointing lawyers. I have been informed that there is a flying freehold overhang to the house. The surveyor has said that some lenders will refuse to grant a mortgage on such a house.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. Should you wish to telephone us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Gower. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Gower to see if the conveyancing costs will increase in light of this.
My step-father has encouraged me to appoint his conveyancers in Gower. Should I choose my own solicitor?
Much as we are happy to recommend a Gower conveyancing lawyer the best way to choose a conveyancing solicitor is to have referrals from friends or relatives who have experience in using the solicitor you're are thinking of instructing.