We see that you have a search directory listing law firms on the Principality conveyancing panel. Do firms pay you a commission if I appoint them for our conveyancing in Powys?
We are a listing service only for law firms wishing to communicate if they are on the Principality conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Powys.
My fiance and I wish to acquire a newbuild flat in Powys with a mortgage from Accord Mortgages Ltd.We use our Powys conveyancing solicitor but Accord Mortgages Ltd informed us she’s not on their approved list of member firms. We have to appoint a Accord Mortgages Ltd panel firm or keep our preferred solicitor and fork out for one of their panel ones to act for them. We feel as though this is unjust; Can we not simply insist that Accord Mortgages Ltd use our lawyer?
No, not really. The mortgage offered to you is subject to its terms and conditions, a common one being that solicitors will be on the Accord Mortgages Ltd approved list. Until recently, most banks had large numbers of law firms on their panels: a borrower could find 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 lawyer to apply to be on the conveyancing panel for Accord Mortgages Ltd
I am looking for a flat up to £195,000 and identified one near me in Powys I like with open areas and railway links nearby, the downside is that it's only got 51 remaining years left on the lease. I can't really find anything else in Powys in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a home loan the shortness of the lease may be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
I'm refinancing my existing house to a BTL mortgage with National Westminster Bank and I will use the rest of the raised equity as a deposit on a second property. The neighborhood we are looking at is Powys. Will your lawyers be able to act for both sets of lenders and link together the transactions?
Make use of our comparison tool on this site to be sure that the conveyancers are approved by both banks. Assuming that they are your lawyer will be able to connect the two deals but you should have a chat with you solicitor and make apparent your desired outcome and requirements.
I need to instruct a conveyancing solicitor for my conveyancing in Powys. I happened to discover a web site which appears to be the ideal solution If there is a chance to get all this stuff done via web that would be ideal. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My offer on semi in Powys was accepted, the owner does however have a tied purchase. The vendors have offered on a flat, although it’s not yet agreed to, and has viewings of other flats in the pipeline. I have chosen a nearby conveyancing solicitor in Powys. What should be my next step? When do I get the mortgage application with Yorkshire BS going with Yorkshire BS?
It is usual to have anxieties where there is an associated chain as you are unlikely to want to be too out of pocket too early (mortgage application is in the region of one thousand pounds, then survey, Powys conveyancing search fees, etc). The first course of action is to ensure that your property lawyer is on the Yorkshire BS approved list. Regarding the next stages this very much depends on the specifics of your case, desire for the property and on the state of the market. In a hot market the majority of buyers will apply for a home loan with Yorkshire BS and pay for the survey and only if it was satisfactory would they ask their conveyancer to proceed with the conveyancing in Powys.