My husband and I are buying a newly built flat in Risca and my solicitor is informing me that she has to the bank to reveal incentives from the developer. The Estate Agents are hassling me to exchange and my preference is not to prolong deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My flat in Risca is up for sale and I have a purchaser. Does my conveyancing practitioner have to be on the Principality conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Principality conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently in recent years.
We are buying a 3 bedroom semi in Risca. We would like to carry out an extension to the side at the house.Will the conveyancing process involve checks to ascertain if these works are allowed?
Your conveyancer should review the registered title as conveyancing in Risca can sometimes identify restrictions in the title deeds which prevent certain alterations or require the permission of a 3rd party. Some additions need local authority planning consent and approval in accordance building regulations. Many areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these things with a surveyor before you commit yourself to a purchase.
Is it the case that all Risca CQS (Conveyancing Quality Scheme) solicitors are on the Skipton conveyancing list of approved firms?
It is true that some lenders now make use of CQS as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their panels.
How can we know in advance if a Risca conveyancing solicitor on the Co-operative panel is any good?
When it comes to conveyancing in Risca obtaining recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor conducting your conveyancing.
I used Arc property Solicitors several years past for my conveyancing in Risca. I now require my papers however the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate 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 Risca of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to the encouragement of my in-laws I had a survey completed on a house in Risca prior to retaining conveyancers. I have been told that there is a flying freehold aspect to the property. My surveyor advised that some lenders will refuse to grant a loan on this type of home.
It varies from the lender to lender. HSBC has different requirements for example to Nationwide. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Risca. Conveyancing will be smoother if you use a solicitor in Risca especially if they are acquainted with such properties in Risca.
What makes your site different to alternative online quote calculators when it comes to conveyancing in Risca?
At this site receive an accurate costs illustration via a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Risca. Unlike many estate agents and many comparison sites we do not charge firms a fee if you choose them for your conveyancing in Risca