It has come to my attention via my lender that my Nantyglo lawyer is not on the bank Solicitor panel. What can I do to be certain if this is indeed the case?
You need to contact your Nantyglo lawyer directly. You lawyer should advise you what has happened. If they are not on the panel they may recommend you to a Nantyglo conveyancing firm that is on the conveyancing panel for your lender.
We're in Nantyglo, First timers buying with a mortgage (lender is UBS , and our solicitor is on the UBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the UBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I am being told by my lawyer that flying freehold insurance is necessary on my purchase. What is the level of cover for Nantyglo conveyancing?
The right level of flying freehold indemnity insurance should be dictated by who who your lender is. It would differ for example between Lloyds TSB Bank and Chelsea Building Society. Conveyancing lawyers as opposed to members of the public take out such policies.
We have a mortgage agreed in principle with Principality. Nantyglo conveyancing solicitors are appointed. How long does it take for Principality to issue the offer to the lawyer?
There is no definitive answer here. Have Principality conducted the valuation? Have you advised Principality as to your lawyers' details and checked that your lawyers are on the Principality conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
We have agreed to purchase a house in Nantyglo. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Bank of Ireland be concerned?
As your lender is Bank of Ireland your lawyer must comply with the formal requirements contained in Part two of UK Finance Lenders’ Handbook for Bank of Ireland. The Council of Mortgage Lenders’ Handbook stipulates minimum specifications for solar panel roof-space leases, and conveyancing practitioners are required to report to Bank of Ireland where a lease does not meet these requirements. The provisions relate to the installation of panels on properties nationwide and is not restricted to Nantyglo.
Various internet forums that I have frequented warn that are the primary cause of obstruction in Nantyglo conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays during the legal transfer of property. Local searches are not likely to feature in any slowing down conveyancing in Nantyglo.
I have todaybecome aware that Action Conveyancing have closed. They carried out my conveyancing in Nantyglo for a purchase of a freehold house 9 months ago. How can I be sure that the property is not still registered in the name of the former proprietor?
The easiest way to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Nantyglo conveyancing specialists.
Due to the advice of my in-laws I had a survey completed on a property in Nantyglo prior to appointing solicitors. I have been told that there is a flying freehold aspect to the property. Our surveyor advised that some banks may not issue a loan on a flying freehold home.
It depends who your proposed lender is. HSBC has different requirements from Halifax. If you contact us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Nantyglo. Conveyancing may be slightly more expensive based on your lender's requirements.