I am obtaining a offer of a home loan from Nat West. My intention is to enlist the help of a Licensed Conveyancer in Tonypandy. Does the Nat West Conveyancing panel allow for Licensed Conveyancers?
The Nat West conveyancing panel is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
What does my ID and proof of funds have anything to do with my conveyancing in Tonypandy? What am I being asked for?
You are right in these requests have nothing to do with conveyancing in Tonypandy. However these days you will not be able to complete any conveyancing transaction without first providing proof of your identity. Ordinarily this takes the form of a either your passport or driving licence and a bank statement. Remember if you are providing your driving licence as proof of ID it needs to be both the paper element and photo card part, one is not satisfactory without the other.
Verification of your source of money is mandated in accordance with the Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancing solicitor will need to retain this information on file. Your Tonypandy conveyancing lawyer will require evidence of proof of funds prior to accepting any funds from you into their client account and they may also ask additional queries regarding the source of funds.
My wife and I have recently appointed a conveyancing solicitor in Tonypandy. I I am struggling to find out if they are accepted on the Nottingham Building Society approved list of lawyers. Can you or the lender confirm if they are on the panel?
You should phone the conveyancer and ask them if they can act for the lender. Alternatively you can call Nottingham Building Society who may be able to help.
I understand that there are debates on Chancel Insurance on online forums. Do I need chancel insurance when purchasing a house in Tonypandy? or I am told that there is an ancient law that means some owners of property residing in a parish church boundary will be compelled to pay for maintenance to the chancel in proximity to the church. Is this relevant for conveyancing in Tonypandy?
Unless a prior purchase of the house took place after 12 October 2013 you can expect conveyancing practitioners carrying out conveyancing in Tonypandy to continue to propose a a chancel search and or chancel repair liability insurance.
I have just appointed agents to market my ground floor flat in Tonypandy. Conveyancing is yet to be initiated, however I have recently had a quarterly service charge invoice – should I leave it to the buyer to sort out?
The sensible thing to do is clear the invoice as normal given that all rents and service invoices should be allotted as part of the financial calculations for completion monies, so you will be reimbursed 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 unless 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.
I bought a leasehold flat in Tonypandy, conveyancing was carried out in 2005. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Tonypandy with over 90 years remaining are worth £180,000. The ground rent is £65 invoiced annually. The lease runs out on 21st October 2084
With just 59 years left to run the likely cost is going to span between £20,900 and £24,200 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.
I note that you have a post code search directory listing solicitors on the lender conveyancing panel. Do Tonypandy conveyancing firms pay you a commission if I instruct them for my conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Tonypandy.