I am buying a leasehold flat in Llantarnam. My property lawyer is not listed on the lender solicitor list. Is it possible for me to use my Llantarnam conveyancing solicitor notwithstanding that they are not on the mortgage company approved list?
You will need to appoint a conveyancer to deal with the formalities if you require a mortgage to purchase your property. They will carry out all the relevant due diligence on the property, ensuring that you will be registered as proprietor and ensure that all the required mortgage paperwork is dealt with. One may instruct a Llantarnam lawyer of your choice. However, where the conveyancing practitioner selected is not a member of the mortgage company solicitor panel further charges will be levied as separate legal representation will be required by them. Lender panel applications can be submitted, so if your conveyancer has not historically applied for membership they should take the chance to apply.
We are a couple about to exchange contracts for a property in Llantarnam. We have hit a problem. The loan offer with TSB runs out on 17/1/2025 but the vendors are insisting on a completion date of 21/1/2025. Can one extend the loan expiry date?
The best person to address this concern is your lawyer who is in a position to assess if they better off negotiating with the bank, seller’s representatives, estate agents or conceivably all three based on what has gone on in your transaction as of today.
What will a local search inform me about the property we're buying in Llantarnam?
Llantarnam conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search organisations for instance Searches UK The local search is essential in every Llantarnam conveyancing purchase; that is if you don’t want any nasty surprises after you move into your new home. The search should provide information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.
I used Action Conveyancing a few years ago for my conveyancing in Llantarnam. Now, I need my files but the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Llantarnam of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am purchasing a new build house in Llantarnam with a mortgage from Halifax. The builders refused to reduce the price so I negotiated five thousand pounds worth of additionals instead. The house builders rep told me not inform my solicitor about this side-deal as it will impact my mortgage with the lender. 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 opted to have a survey completed on a house in Llantarnam in advance of retaining conveyancers. I have been told that there is a flying freehold element to the house. The surveyor advised that some lenders tend refuse to grant a mortgage on this type of premises.
It varies from the lender to lender. Santander has different instructions for example to Nationwide. If you call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Llantarnam. Conveyancing will be smoother if you use a solicitor in Llantarnam especially if they are familiar with such properties in Llantarnam.