We are a couple about to sign contracts for a leasehold flat in Pontypool. We encountered a problem. Our loan offer with Coventry Building Society runs out on 24/2/2025 but the owners are suggesting a completion date of 26/2/2025. Is it possible to extend the loan expiry date?
The best person to address this question is your solicitors who should calculate if they should be discussing with the bank, seller’s lawyers, selling agents or possibly all parties taking into account what has happend in your house move as of today.
It is is a decade since I bought my home in Pontypool. Conveyancing solicitors have just been appointed on the sale but I am unable to find my title documents. Will this jeopardise the sale?
You need not be too concerned. Firstly the deeds may be kept by the lender or they may be in the possession of the solicitor who handled your purchase. Secondly the chances are that the land will be registered at the land registry and you will be able to establish that you own the property by your conveyancing solicitors obtaining current official copies of the land registers. Almost all conveyancing in Pontypool involves registered property but in the unlikely event that your property is not registered it is more of a problem but is resolvable.
My mortgage company has recommended a law firm on their panel based in Pontypool but I would rather choose a conveyancing lawyer in Pontypool round the corner to me. Are you able to help?
Far from all Pontypool conveyancing solicitors are approved and listed on all banks conveyancing panel. Use our search tool to find a Pontypool conveyancing solicitor on the on the mortgage company panel.
My bid for a property was accepted at auction in Pontypool. Conveyancing is necessary. What are my next steps?
Given that you are now legally bound yourself to purchase you now have to find a conveyancing solicitor quickly as you now have a tight a drop dead date to complete the property. All auction property will ordinarily have a corresponding legal pack. This will likely include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold property the auction pack may include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to leasehold premises. You must give this to the conveyancer instructed by you as soon as possible. You also need to ensure that your finances are in place to complete the transaction on the set completion date.
Is there a list of Aldermore panel conveyancers in Pontypool on the UK Finance Lenders’ Handbook Website?
No. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. A small selection of banks make their panel listings visible over the internet. Where you are in need of a Pontypool property lawyer on the Aldermore please make the most of our facility.
We have agreed to purchase a house in Pontypool. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Lloyds be concerned?
As you are obtaining a mortgage with Lloyds your lawyer must follow the conveyancing requirements set out in Section 2 of UK Finance Lenders’ Handbook for Lloyds. The CML Handbook contains minimum specifications for solar panel roof-space leases, and conveyancing practitioners are required to report to Lloyds where a lease does not comply with these requirements. The conditions relate to the installation of panels on properties in England and Wales and is not limited to Pontypool.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a simple, chain free conveyancing. Pontypool is the location of the property. What do you suggest?
Flying freeholds in Pontypool are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Pontypool you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Pontypool may decide 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 property.
I have been pointed in your direction by two or three local property agents in Pontypool to get a quote from a conveyancer on your site. Is there a financial incentive for Estate Agents to market your site ahead of alternative conveyancing organisations?
We refuse to make any commission for sending work our way. We thought it would be too underhand a fee because home movers will think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.