How do I find out if the solicitor carrying out my conveyancing in Solva is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Halifax thus paying £192.00 in further legal bill.
You should take advantage of the find a lender approved solicitor tool on this page. Pick the lender and type ‘Solva’ or your location and you will see a number of lawyer based in Solva or by proximity to you.
I am buying my first flat in Solva with a mortgage from Bank of Ireland. The developers refused to budge the price so I negotiated £7000 of fixtures and fittings instead. The sale representative told me not disclose to my conveyancer about this side-deal as it may affect my mortgage with the lender. Do I keep my lawyer in the dark?.
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 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.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a straight forward, chain free conveyancing. Solva is the location of the property. What do you suggest?
Flying freeholds in Solva are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Solva you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Solva may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
We're new to the buying process - agreed a price, yet the estate agent told us that the vendor will only proceed if we use their recommended conveyancers as they need a ‘quick sale’. Our preferred option is to instruct a local conveyancer with experience of conveyancing in Solva
We suspect that the seller is not behind this demand. Should the seller want ‘a quick sale', taking such a hostile approach to a serious buyer is is going to put the whole deal at risk. Contact the sellers directly and explain that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you are going to use your own,trusted Solva conveyancing firm - not the ones that will provide their estate agent a commission or meet his conveyancing figures demanded by senior management.
I am on look out for some leasehold conveyancing in Solva. Before I set the wheels in motion I would like to find out the remaining lease term.
If the lease is registered - and almost all are in Solva - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I purchased a leasehold flat in Solva, conveyancing was carried out half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Solva with over 90 years remaining are worth £181,000. The ground rent is £55 per annum. The lease comes to an end on 21st October 2076
With only 51 years left to run we estimate the premium for your lease extension to span between £30,400 and £35,200 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.
I need to find a lender panel solicitor in Solva. Could you help me?
Unfortunately it’s not apparent why you need a Solva panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the lender to find out which solicitors in Solva are on their panel . If you do find such a firm in Solva not listed please direct them to our site to list. After all the cost is only one £1 a month