I am in the throes of changing my existing standard mortgage to a BTL Bank of Ireland mortgage. I was told by my financial advisor that I need a conveyancer as part of the process. I got in contact with my former Gower conveyancing solicitor who acted on my behalf when I previously purchased the property. The costs illustration they've given of £450 plus VAT is surprising as its a refinance than a sale or purchase.
The estimate does seem a tad overpriced. If you shop around you might shave off some of the cost by say a hundred pounds. That being said, if you were happy with the legal work the firm provided you couldcome to rue choosing an an unknown solicitor. Remember to ensure the conveyancer can act for Bank of Ireland. You can use our search tool to choose a Gower conveyancing firm on the Bank of Ireland conveyancing panel, which can often include conveyancing solicitors in Gower.
We are buying a brand new duplex in Gower and my lawyer is telling me that she has to the mortgage company to disclose incentives from the builder. The Estate Agents are hassling me to exchange and I have no desire to prolong matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Have just purchased a repossessed house at auction in Gower. Conveyancing is necessary. What happens now?
Now that you have exchanged you should appoint a conveyancing solicitor quickly as you are faced with a tight a drop dead date to complete the property. All auction property should have a corresponding auction pack. This will include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold premises the conveyancing papers may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to leasehold premises. You need to pass this on to the lawyer working for you at the earliest opportunity. You also need to ensure that your finances are in order to complete the transaction on the set completion date.
A friend pointed out to me me that in purchasing a property in Gower there could be a number of restrictions as to what one can do in terms of external alterations to the property. Is this right?
There are a number of properties in Gower which have some sort of restriction or requirement of consent to perform external alterations. Part of the conveyancing in Gower should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am buying a property in Gower. An unusual aspect is that the roof has a solar panel. UBS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is UBS your lawyer must check the conveyancing requirements set out in Part 2 of UK Finance Lenders’ Handbook for UBS. The CML Handbook stipulates minimum provisions for solar panel roof-space leases, and property lawyers are required to report to UBS where a lease fails to satisfy these specifications. The specifications relate to the installation of panels on properties countrywide and is not limited to Gower.
I have justbeen informed that Arc property Solicitors have closed. They carried out my conveyancing in Gower for a purchase of a leasehold flat 10 months ago. How can I establish that my home is not still registered in the name of the former proprietor?
The easiest method to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Gower conveyancing specialists.
Should I be wary that 3rd parties that I am dealing with are suggesting a national conveyancing firm rather than a High Street Gower conveyancing firm?
As with lots of service providers, often suggestions from family and friends can be most helpful. Nevertheless there are many players in a conveyancing matter; estate agents, financial adviser and banks might all suggest solicitors to retain. Sometimes these conveyancers might be known to one of the organisations as one of the best in their field, but sometimes there may be a commercial relationship behind the endorsement. You are at liberty to appoint your own conveyancer. Don't forget that the majority of banks specify a panel list of solicitors you must use for the mortgage related work in your conveyancing.
We have been advised by numerous estate agents to expect up to two months for Gower conveyancing to complete.This was a month ago. The property information was only sent to my lawyer a few days ago so does the time start running now?
There is no categorical time frame for conveyancing in Gower. Conveyancing is subject to too much unpredictabilities. Gower conveyancing searches alone may take up to month to arrive.