What does my ID and proof of funds have anything to do with my conveyancing in Llantrisant? Why is this being asked of me?
It is indeed that case that the requirement set out by your solicitor has nothing to do with conveyancing in Llantrisant. However these days you can not complete any conveyancing deal in the absence handing over evidence of your identity. This usually takes the form of a either your passport or driving licence as well as a council tax bill. Please note that if you are providing your driving licence as evidence of identification it must be both the paper part and photo card part, one is not satisfactory without the other.
Proof of the source of money is mandated under Money Laundering Regulations. You should not be offended when you are asked to produce this as your lawyer must have this information on file. Your Llantrisant conveyancing practitioner will need to see evidence of proof of funds before they are able to accept any monies from you into their client account and they should also ask further queries regarding the source of funds.
My lender has recommended solicitors on their panel based in Llantrisant but I would rather use a conveyancing lawyer in Llantrisant or nearer to where I live. Can you help?
It is by no means the case that all Llantrisant conveyancing firms are listed all lender’s conveyancing panel. Please make use of our find an approved solicitor tool to choose a Llantrisant conveyancing firm on the on the bank panel.
Is it the case that all Llantrisant CQS (Conveyancing Quality Scheme) solicitors are on the Skipton conveyancing panel?
A selection of lenders now utilise the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. The Law Society’s 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 solicitor practices wishing to join their approved list of firms.
I currently have a mortgage with HSBC for my property in Llantrisant. Conveyancing has been completed 12 months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform HSBC?
Your original mortgage agreement with HSBC will provide that you need their approval before letting out your property as this is likely to be a breach of HSBC’s mortgage conditions. It may be that HSBC will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact HSBC directly. You need not do this via a HSBC conveyancing panel firm.
I can not work out if my mortgage offer requires a lease extension. I have called my Llantrisant bank branch on numerous occasions and was informed it wasn't an issue and they will lend. My Llantrisant conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they will not lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
The property lawyer has to follow the Council of Mortgage Lenders’ Handbook Part 2 requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
Will commercial conveyancing searches disclose proposed roadworks that could affect a commercial land in Llantrisant?
Many commercial conveyancing solicitors in Llantrisant will conduct a SiteSolutions Highways report as it reduces the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Llantrisant. The search result sets out 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 Llantrisant.
For each commercial conveyancing transaction in Llantrisant it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may result in delays to Llantrisant commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Llantrisant.
How does conveyancing in Llantrisant differ for new build properties?
Most buyers of new build premises in Llantrisant approach us having been asked by the builder to exchange contracts and commit to the purchase even before the house is completed. This is because builders in Llantrisant 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 property lawyers 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 Llantrisant or who has acted in the same development.
I note that you have a search directory identifying solicitors on the mortgage company conveyancing panel. Do Llantrisant conveyancing firms pay you a commission if I instruct them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Llantrisant.