I am purchasing a new build flat in Port Talbot. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Port Talbot you will have to appoint a solicitor on your bank'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 Port Talbot.
Are there restrictive covenants that are commonly picked up during conveyancing in Port Talbot?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Port Talbot. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm purchasing a new build house in Port Talbot benefiting from help to buy. The developers would not move on the price so I negotiated £7000 of fixtures and fittings instead. The property agent told me not reveal to my conveyancer about the extras as it could affect my loan with Birmingham Midshires. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Taking into account that I am about to part with 450k on a house in Port Talbot I wish to talk to a lawyer regarding thetransaction ahead of appointing the firm. Can this be arranged?
Absolutely - we would be happy to talk to you we do not take any clients on without you first talking to the lawyer who will be conducting your property ownership legalities in Port Talbot.There is no ‘factory style conveyancing’ - each client is unique individual, not a file reference. The law firms that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Port Talbot should be the figure that you end up paying.
We're novice buyers - agreed a price, yet the property agent advised that the seller will only proceed if we use their chosen solicitors as they are insisting on a ‘quick sale’. We would rather use a family conveyancer used to conveyancing in Port Talbot
It is unlikely the vendors are driving this. Should the seller want ‘a quick sale', turning down a serious purchaser is is going to put the whole deal at risk. Contact the sellers directly and make the point that (a)you are keen to buy (b)you are ready to progress, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)however you intend to appoint your preferred Port Talbot conveyancing firm - as opposed tothe ones that will provide their estate agent a commission or achieve conveyancing targets set by head office.
My offer on semi in Port Talbot has been accepted, the vendor does however have a connected purchase. The current proprietors have offered on a flat, but it’s not yet tied up, and has viewings of other apartments booked. I have selected a nearby conveyancing solicitor in Port Talbot. What do I do now? At what point should I apply for the mortgage with Yorkshire BS?
It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of £1k, then valuation, Port Talbot conveyancing search costs, etc). First, you should check that your lawyer is on the Yorkshire BS conveyancing panel. Regarding the next steps this very much dictated by the specifics of your transaction, desire for the property and on the state of the market. In a rising market the majority of home buyers would apply for a home loan with Yorkshire BS and pay for the survey and only if it was satisfactory would they pay their lawyer to proceed with searches.