My wife and I are buying a 2 bedroom flat in Pontardawe with a mortgage. We have a Pontardawe solicitor, however the mortgage company advise she’s not on their "panel". It seems we have no option but to select one of the mortgage company panel solicitors or keep our Pontardawe solicitor as well as pay for one of their panel lawyers to act for them. We regard this is inequitable; are we not able to demand that the bank use our Pontardawe solicitor ?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Pontardawe conveyancing lawyer to apply to be on the conveyancing panel.
Finally the sale completed on my house in Pontardawe last February yet the purchaser is texting daily complaining that their solicitor needs to hear from mine. What are the post completion sale formalities now that I have sold?
Following your house sale your solicitor is committed to send the transfer documentation and all supplemental paperwork to the buyer’s conveyancer. Depending on the transaction, your conveyancer must also confirm that the mortgage has been paid off to the buyers conveyancers. There are no post completion tasks unique to conveyancing in Pontardawe.
I am buying a right to buy a flat in Pontardawe. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Pontardawe you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Pontardawe.
I am purchasing a new build house in Pontardawe benefiting from help to buy. The builders refused to budge the amount so I negotiated 6k of additionals instead. The house builders rep suggested that I not to tell my conveyancer about this side-deal as it could impact my loan with the bank. Is this normal?.
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 CML website. CML 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.
I am selling my home. My previous solicitors closed down. I would be grateful for any recommendation of a conveyancing firm. Im based in Pontardawe if that makes a difference.
Do use our search tool to help you find a solicitor for your conveyancing in Pontardawe. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.
My cousin has recommend that I appoint his conveyancing solicitors in Pontardawe. Do I take his advice?
No doubt the best way to find a conveyancing practitioner is to have recommendations from friends or relatives who have used the firm that you are contemplating using.