We wanted to use a property lawyer in Gower for our house move. Our financial adviser has since advised us that our bank Coventry Building Society won't deal with them. Why is this not regarded as unfair competition?
A bank may insist on a panel conveyancer act for it. Borrowers are liable to bear the charges for this. Please make use of our database to choose a solicitor to conduct conveyancing in Gower on the Coventry Building Society approved list of solicitors.
I am the single recipient of my late mum's will and I have everything in my name now, including the house in Gower. Conveyancing formalities meant that the Land Registry date was in September. I now wish to sell up. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my proprietorship may be regarded the same way as though I had purchased the property in September. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook mandates solicitors 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 impacted by that. How practical a view banks take of it, depend on the mortgage company as this provision is principally there to identify the purchase and immediately sell or the quick reselling of properties.
Are all Gower Conveyancing Quality Solicitors on the UBS conveyancing list of approved practices?
Some major lenders now utilise CQS as the kick off point for Panel membership such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their panels.
My wife and I have organised the release of further monies on our mortgage from Nottingham as we want to conduct a loft conversion to our home in Gower. Do we need to appoint a local Gower solicitor on the Nottingham conveyancing panel to deal with the legals?
Nottingham don't usually instruct firms on their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Nottingham list.
Should commercial conveyancing searches disclose impending roadworks that may impact a commercial land in Gower?
Many commercial conveyancing solicitors in Gower will perform a SiteSolutions Highways report as it reduces the time that conveyancers spend in researching accurate data on highways that impact buildings and development assets in Gower. The search result provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Gower.
For every commercial conveyancing transaction in Gower it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may result in delays to Gower commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Gower.
Are there restrictive covenants that are commonly identified during 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…’
How does conveyancing in Gower differ for newly converted properties?
Most buyers of new build property in Gower contact us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is completed. This is because builders in Gower tend to acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Gower or who has acted in the same development.
Your search tool is useful but there are many lawyers listed near Gower being on the lender conveyancing panel. Can you recommend a specific firm on the conveyancing panel for our lender?
We are not in the business of recommending one firm above another as the right Gower conveyancing solicitor for you depends on where your priorities lie. For example you may require a local firm with Gower knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..