IfI was to acquire a simple residential housein Swansea City mortgage fee and dispense with a survey and no local authority searches how much would I expect to have to pay for conveyancing in Swansea City?
Any savings you would make will be limited to the costs for searches. The solicitor still got to do everything else - money laundering, liaising with the sellers conveyancer, SDLT submission, register the title etc. You might save a bit for them not needing to register a charge however it won't be significant.
My uncle informed me that in buying a property in Swansea City there may be a number of restrictions affecting the ability to carry out external changes to a property. Is this right?
We are aware of a number of properties in Swansea City which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Swansea City should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My fiancee and I are in the throws of looking at houses in Swansea City and I am about to put in an offer. Should I already have a lawyer in place at this stage? I am planning to take a mortgage with Lloyds.
It would be sensible to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the estate agent. Given that you are getting a mortgage with Lloyds, ask your prospective lawyers if they are on the Lloyds conveyancing panel otherwise they can't do the mortgage legal work.
Bank of Ireland have agreed my home loan in principle, my bid on a flat in Swansea City has been accepted, now what?
The estate agent will want to know who your solicitors are (be sure the lawyers are on the bank’s approved list). Telephone Bank of Ireland or your broker and finish off any appropriate forms. Bank of Ireland will appoint a valuer who will get in touch with the estate agent or owners to book a slot for the valuation to occur. Once carried out (assuming no problems) it takes on average ten days to get a mortgage offer. Bank of Ireland will send the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Swansea City.
What does a local search inform me about the property we're purchasing in Swansea City?
Swansea City conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search company such as Searchflow The local search plays a central part in many a Swansea City conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your property. The search should provide data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what was supposed to be a quick, no chain conveyancing. Swansea City is the location of the property. Is there any advice you can give?
Flying freeholds in Swansea City are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Swansea City you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Swansea City 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 residence.
I am looking into buying my first house which is in Swansea City and I am already nervous. I couldn't find anything specific about Swansea City. Conveyancing will be needed in due course but do you know about the Swansea City area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Swansea City. In the meantime here are some basic statistics that we found
Our conveyancer in Swansea City has requested from me ID documents saying that this is part of his retainer as a conveyancer on the lender Conveyancing panel. This is news to me - can I refuse?
Anti-terror and anti-money-laundering rules require Swansea City conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that the lender also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the lender's UK Finance Lenders’ Handbook requirements