lenderpanel

Find a Bargoed Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Bargoed? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Bargoed transaction at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Bargoed conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Bargoed

Completed the sale of my flat in Bargoed last August but the buyer keeps calling daily complaining that his conveyancer is waiting to hear from mine. What should my lawyer have done now that I have sold?

Post completion of your sale your lawyer is duty bound to send the transfer documentation and all of the paperwork to the buyer’s conveyancer. If applicable, your solicitor should also send confirmation that the mortgage has been redeemed to the purchasers conveyancers. There is unlikely to be post completion formalities unique to conveyancing in Bargoed.

Our mortgage company has recommended a law firm on their panel based in Bargoed but I would rather choose a conveyancing lawyer in Bargoed round the corner to me. Are you able to assist?

Not all Bargoed conveyancing solicitors are on all banks conveyancing panel. Do make the most of the above find an approved solicitor tool to choose a Bargoed conveyancing firm on the on the bank panel.

My wife and I purchased a semi-detached Victorian house in Bargoed. Conveyancing lawyer acted for me and Bank of Ireland. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold with the matching property. I thought I was buying a freehold how can I check?

You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bargoed and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with your conveyancing practitioner who completed the work.

I am buying my first flat in Bargoed with a mortgage from Alliance & Leicester . The developers would not move on the amount so I negotiated £7000 of fixtures and fittings instead. The property agent told me not reveal to my conveyancer about this extras as it could adversely affect my mortgage with the lender. Is this normal?.

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 am tempted by the attractive purchase price for a two flats in Bargoed both have about 50 years left on the leases. Should I regard a short lease as a deal breaker?

A lease is a legal document that entitles you to use the premises for a period of time. As a lease gets shorter the value of the lease deteriorates and it becomes more costly to extend the lease. For this reason it is often a good idea to extend the lease term. Sometimes it is difficult to sell a property with a short lease because mortgage companies may be unwilling to lend money on properties of this type. Lease enfranchisement can be a protracted process. We recommend you seek professional assistance from a conveyancer and surveyor with experience in this area.

I purchased a leasehold flat in Bargoed, conveyancing was carried out April 2002. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Bargoed with over 90 years remaining are worth £222,000. The average or mid-range amount of ground rent is £50 per annum. The lease terminates on 21st October 2092

With just 71 years left to run the likely cost is going to span between £9,500 and £11,000 as well as costs.

The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.

Last updated

Find out more about how flying freehold can affect your the value of a property.