My property lawyer in St Davids has never been on on the The Royal Bank of Scotland Approved Panel. Can I still retain my family solicitor notwithstanding that they are excluded from the The Royal Bank of Scotland approved list?
Your options are as follows:
- Complete the purchase with your preferred St Davids lawyers but The Royal Bank of Scotland will need to use a lawyer on their list of acceptable firms. This will inevitably rack up the overall conveyancing charges as well as cause frustration.
- Find a new lawyer to act in the conveyancing, remembering to check they are Convince your lawyer to use their best endeavours to join the The Royal Bank of Scotland conveyancing panel
I am helping my step-mother sell her flat in St Davids. Will the solicitor arrange the energy assessment or do I organise this?
After the abolition of Home Information Packs, EPC’s was kept a compulsory element of selling a property. An energy performance certificate must be to hand before the property is put on the market. This is not something that law firms normally arrange. Where you are instructing a St Davids conveyancing lawyer they may be able to arrange energy performance certificates due to their contacts with reputable St Davids providers
Two weeks ago we had a mortgage agreed in principle with UBS. St Davids conveyancing practitioners have been instructed. How long does it take for UBS to send the offer to the solicitor?
There is no definitive answer here. Have UBS completed the valuation? Have you informed UBS as to your lawyers' details and checked that your lawyers are on the UBS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I can not fathom if my bank requires a lease extension. I have called into my local St Davids bank branch on numerous occasions and was informed it wasn't a problem and they will lend. My St Davids conveyancing solicitor - who is on the lender conveyancing panel- called to say that they would not lend based on their published requirements. I have no idea who is right.
The conveyancer has to follow the Council of Mortgage Lenders’ Handbook Part 2 requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
I'm buying a new build house in St Davids with the aid of help to buy. The developers refused to budge the price so I negotiated £7000 of extras instead. The estate agent told me not reveal to my solicitor about this deal as it will jeopardize my loan with the lender. Should I keep quiet?.
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.
I opted to have a survey carried out on a house in St Davids ahead of instructing lawyers. I have been advised that there is a flying freehold overhang to the house. My surveyor has said that some banks tend refuse to issue a mortgage on such a premises.
It varies from the lender to lender. Santander has different instructions from Nationwide. If you e-mail us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in St Davids. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in St Davids to see if the conveyancing costs will increase in light of this.
What does commercial conveyancing in St Davids cover?
St Davids conveyancing for business premises covers a wide array of guidance, offered by qualified solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
I have just placed an offer on a leasehold flat in St Davids and the broker that we are dealing with recommended his property lawyer. They quoted a thousand pounds including VAT and disbursements. Does this sound expensive?
Don't just go on 1 quote. One should seek like-for-like quotes for your conveyancing in St Davids. Then select one that you are comfortable with and just as important, is on the approved panel of the lender that you are sourcing your mortgage from.