My partner and I are planning to acquire a home in Llantwit Major and are in fact using a Llantwit Major conveyancing practice. Within the past 48 hours our property lawyer has forwarded the sale agreement to be signed with a detailed report with a view to exchanging next week. Santander have this evening contacted us to inform me that there is now an issue as our Llantwit Major lawyer is not on their conveyancing panel. Please explain?
When purchasing a property with the benefit of a mortgage it is conventional for the purchasers' solicitors to also act for the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the bank's conveyancing panel as you are at liberty to use your preferred Llantwit Major lawyers, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.
My mortgage company has recommended a law firm on their panel based in Llantwit Major but I would rather use a conveyancing lawyer in Llantwit Major or nearer to where I live. Are you able to assist?
Far from all Llantwit Major conveyancing firms are listed all banks conveyancing panel. Use the above find an approved solicitor tool to locate a Llantwit Major conveyancing firm on the on the bank panel.
My friend advised me that if I am purchasing in Llantwit Major I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually included in the estimate for your Llantwit Major conveyancing searches. It is a large document of more than thirty pages, listing and detailing significant information about Llantwit Major around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Llantwit Major Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information regarding Llantwit Major.
I've recently found out that there is a flying freehold element on a property I have offered on last month in what should have been a straight forward, no chain conveyancing. Llantwit Major is the location of the property. Can you offer any opinion?
Flying freeholds in Llantwit Major are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Llantwit Major you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Llantwit Major may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Do I need to be suspicious by estate agents that I am dealing with are suggesting a national conveyancing firm as opposed to a local Llantwit Major conveyancing practice?
As is the case with lots of professional services, often suggestions from relatives can be worth their weight in gold. Nevertheless there are lots of players in a conveyancing transaction; estate agents, mortgage brokers and mortgage companies may put forward solicitors to retain. On occasion the lawyers might be known to one of the organisations as being good in their field, but sometimes there is an underlying commercial relationship behind the recommendation. You have the discretion to choose your preferred lawyer. You need to be aware that most banks have an approved list of law firms you have to use for the mortgage related work in your home move.
We are about to buying a flat in Llantwit Major. Conveyancing is not over but we wish to keep our transaction price a secret from sites such as Rightmove. How can this be achieved ?
HM Land Registry are legally bound to reveal price sold information on a register of the title for domestic properties nationwide including properties in Llantwit Major. The Title Register is a public document, so the Land Registry would be breaching their statutory obligations if they did not allow access to the register.
You can make a request of the Land Registry to withhold the price paid data however the answer would be in the negative.