I have given 8 weeks notice to my current landlord and have to vacate my rented flat in Port Talbot by the end of next month. Conveyancing on my purchase is progressing. How realistic is it to complete in three weeks as don't want to have to move into short term accommodation?
The normal practice is not to serve notice for your lease until your lawyer suggests that you should. If you have not already done so, update to your lawyer and urge them to they apply pressure on the owners lawyers, try to get a realistic time scale from them that everyone will work towards
Do all mortgage companies provide you with an approved list of Port Talbot conveyancing solicitors? How do you know who is on the Virgin Money conveyancing panel?
Port Talbot conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.
My Conveyancer in Port Talbot is not on the HSBC Bank Solicitor Panel. Is it possible for me to continue with my family solicitor even though they are excluded from the HSBC Bank list of approved lawyers?
The limited options open to you here include:
- Carry on with your preferred Port Talbot lawyers but HSBC Bank will need to retain a lawyer on their panel. This will inevitably rack up the total legal charges as well as cause frustration.
- Get an alternative lawyer to act in the purchase, remembering to check they are on the HSBC Bank panel
I used Arc property Solicitors several years past for my conveyancing in Port Talbot. Now, I need the documents but the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Port Talbot of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am buying my first flat in Port Talbot with the aid of help to buy. The developers would not reduce the price so I negotiated 6k of fixtures and fittings instead. The estate agent advised me not reveal to my lawyer about the deal as it would impact 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.
I opted to have a survey completed on a property in Port Talbot prior to appointing conveyancers. I have been advised that there is a flying freehold element to the house. My surveyor has said that some banks will not give a loan on this type of home.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. Should you wish to call us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Port Talbot. Conveyancing may be slightly more expensive based on your lender's requirements.