Our family solicitor has given a fee estimate £1150 for fixed fee conveyancing in Llanwrtyd Wells. I am selling a Edwardian house for £125,000. Are the quoted fees excessive? Is it above what I should be paying for conveyancing in Llanwrtyd Wells?
The charges are a little high. If you shop around you may be able to decrease the fees slightly by as much as £125. That being said, you couldcome to regret choosing an an untested solicitor. Remember to ensure that the firm can also act for your mortgage company. Do employ our comparison tool to choose a Llanwrtyd Wells conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Llanwrtyd Wells.
Why is leasehold purchase conveyancing in Llanwrtyd Wells is more expensive?
Llanwrtyd Wells leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I am purchasing a property in Llanwrtyd Wells. A rare aspect is that the roof has a solar panel. Lloyds have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is Lloyds your lawyer must comply with the formal instructions contained in Part two of UK Finance Lenders’ Handbook for Lloyds. The CML Handbook stipulates minimum provisions for solar panel roof-space leases, and conveyancing practitioners are required to report to Lloyds where a lease fails to comply with these provisions. The requirements relate to the installation of panels on properties countrywide and is not limited to Llanwrtyd Wells.
I have today made my last payment due on my mortgage with RBS. I assume I don't need a Llanwrtyd Wells conveyancer on the RBS panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your RBS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the RBS mortgage from the register. RBS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where RBS has sent the Land Registry the discharge electronically, and
- RBS has instructed the Land Registry to do so
Nottingham have agreed my mortgage in principle, my offer on a flat in Llanwrtyd Wells has been accepted, what happens next?
The estate agent will wish to know who your solicitors are (be sure the property lawyers are on the bank’s approved list). Telephone Nottingham or the financial adviser and complete any appropriate forms. Nottingham will appoint a valuer who will get in contact with the selling agent or seller to arrange an appointment. Once conducted (assuming no problems) it takes on average ten days to get a mortgage offer. Nottingham will issue the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Llanwrtyd Wells.
I decided to have a survey completed on a house in Llanwrtyd Wells before appointing lawyers. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some banks tend not give a loan on a flying freehold property.
It depends who your proposed lender is. Lloyds has different instructions for example to Halifax. If you e-mail us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Llanwrtyd Wells. Conveyancing may be slightly more expensive based on your lender's requirements.
I have been recommended by three or four local estate agents in Llanwrtyd Wells to locate a solicitor on your site. Is there a financial advantage for Estate Agents to promote your services over and above another?
We refuse to make any financial incentive for directing people to this site. We thought it would be too underhand a fee as members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
As co-executor for the estate of my father I am disposing of a residence in Cardiff but live in Llanwrtyd Wells. My lawyer (based 200 kilometers awayrequires that I execute a statutory declaration prior to the transaction finalising. Could you suggest a conveyancing lawyer in Llanwrtyd Wells who can witness this legal document for me?
Technically speaking you should not be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will be fine regardless of whether they are located in Llanwrtyd Wells