I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Maesteg. My lender is Tesco Bank
Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 15/10/2026, the requirements read as follows :
I am purchasing my first flat in Maesteg with the aid of help to buy. The sellers refused to move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative advised me not reveal to my conveyancer about this extras as it will jeopardize my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the UK Finance website. UK Finance 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.
Due to the advice of my in-laws I had a survey completed on a house in Maesteg before instructing solicitors. I have been informed that there is a flying freehold element to the house. Our surveyor advised that some lenders will not give a loan on such a premises.
It varies from the lender to lender. Lloyds has different requirements from Birmingham Midshires. Should you wish to telephone us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Maesteg. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Maesteg to see if the conveyancing will be more expensive.
I am a couple of weeks into a residential purchase having been referred to solicitors by the high street agent to execute conveyancing in Maesteg. We are not happy. Can you you assist me in finding new conveyancers?
A solicitor would need to be really poor in order to consider diss instructing them. Has the loan offer been sent? In the event that it has you will need to advise them of the new contact details and get the offer are re-issued. Your solicitor ideally should be on the banks approved list to avoid supplemental expenses and complications. That should be your starting point. The search tool can help you find a lender approved lawyer for your conveyancing in Maesteg
I've recently bought a leasehold property in Maesteg. Am I liable to pay service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Maesteg Conveyancing for Leasehold Flats - Examples of Questions you should consider Prior to buying
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Be sure to discover if there are any onerous restrictions in the lease. For instance it is reasonably common in Maesteg leases that pets are not allowed in certain buildings in Maesteg. If you love the apartmentin Maesteg but your dog can’t live with you then you will be faced hard determination. What is the maintenance charge and ground rent on the property? Plenty Maesteg leasehold apartments will be liable to pay a service bill for maintenance of the building invoiced by the freeholder. Where you purchase the property you will have to meet this contribution, usually periodically throughout the year. This may be anything from several hundred pounds to thousands of pounds for bigger purpose-built blocks. There will also be a ground rent to be met yearly, normally this is not a significant figure, say around £50-£100 but you should to enquire as sometimes it can be surprisingly expensive.
When it comes to my conveyancing in Maesteg should I be paying VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Maesteg conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the lawyer's time in submitting the funds this way.