We see that you have a search directory listing firms on the HSBC conveyancing panel. Do companies pay you a referral fee if I instruct them for our conveyancing in Reynoldston?
We are a listing service only for law firms wishing to communicate if they are on the HSBC conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Reynoldston.
A colleague informed me that in purchasing a property in Reynoldston there may be a number of restrictions as to what one can do in terms of external changes to a property. Is this right?
We are aware of anumerous of properties in Reynoldston which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Reynoldston should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am currently in the process of buying my council flat in Reynoldston. I have a mortgage offer with Clydesdale. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Clydesdale, you will need to appoint a solicitor on the Clydesdale conveyancing panel.
The formalities of my purchase has taken place for my property in Reynoldston. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. We understand that complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
I am buying my first flat in Reynoldston with a mortgage from The Mortgage Works. The developers refused to budge the price so I negotiated £7000 of additionals instead. The house builders rep told me not inform my solicitor about this extras as it could put at risk my mortgage with The Mortgage Works. 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.
Due to the encouragement of my in-laws I had a survey completed on a property in Reynoldston in advance of retaining conveyancers. I have been advised that there is a flying freehold element to the property. The surveyor has said that some lenders may not give a loan on this type of home.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. If you e-mail us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Reynoldston. Conveyancing may be slightly more expensive based on your lender's requirements.
Estate agents have just been given the go-ahead to market my garden apartment in Reynoldston. Conveyancing is yet to be initiated, however I have recently had a yearly maintenance charge invoice – what should I do?
It best that you clear the invoice as you normally would given that all rents and maintenance payments should be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Leasehold Conveyancing in Reynoldston - A selection of Questions you should consider before buying
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It would be prudent to discover if the the lease includes any onerous restrictions in the lease. For instance it is very common in Reynoldston leases that pets are not permitted in certain buildings in Reynoldston. If you like the propertyin Reynoldston yet your dog is not allowed to move with you then you will be presented with a hard determination. What is the service charge and ground rent on the flat?
Our offer on semi in Reynoldston was agreed to, but there is a chain. The vendors have put an offer on somewhere, however it’s not yet tied up, and are looking at other apartments booked. I have chosen a nearby conveyancing solicitor in Reynoldston. What should be my next step? At what point should I apply for the mortgage with Lloyds?
It is normal to have apprehensions where there is an associated chain given your reluctance to be too out of pocket prematurely (home loan application is approx £1k, then survey, Reynoldston conveyancing search charges, etc). First, you should ensure that your conveyancer is on the Lloyds approved list. Concerning the next phase this very much dictated by the uniqueness of your case, desire for this property and on the state of the market. During a hot market the majority of purchasers would apply for the mortgage with Lloyds and pay for the survey and only if it was satisfactory would they request their conveyancer to proceed with searches.