My husband and I are buying a newly built flat in Treorchy and my lawyer is advising me that she is duty bound to the lender to reveal incentives from the builder. I am nearing the developer’s deadline to exchange contracts 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 lender panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I have been recommended a conveyancing solicitor in Treorchy. I need to find out whether they are accepted on the Barnsley Building Society approved list of lawyers. Can you assist?
The first thing you should do is contact the solicitor and ask them if they can act for the lender. Alternatively please call Barnsley Building Society who may be able to confirm.
Are there restrictive covenants that are commonly identified during conveyancing in Treorchy?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Treorchy. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what should have been a quick, no chain conveyancing. Treorchy is the location of the property. What do you suggest?
Flying freeholds in Treorchy are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Treorchy you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Treorchy may ascertain 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.
As co-executor for the will of my aunt I am selling a house in Monmouth but live in Treorchy. My lawyer (who is 250 kilometers awayneeds me to execute a stat dec prior to the transaction finalising. Could you suggest a conveyancing practitioner in Treorchy to attest this legal document for me?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will be fine regardless of whether they are based in Treorchy
Should I cancel the direct debit for my mortgage with Lloyds once a completion date for my sale in Treorchy has been agreed?
You would be well advised to maintain meeting any mortgage sums to Lloyds until the mortgage is paid off on completion as part of your Treorchy conveyancing.