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Find a Barry Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Barry

I am one month into the sale of my ground floor flat in Barry and the EA has just called to advise that the purchasers are appointing a new property lawyer. The reason given is that the bank will only work with solicitors on their conveyancing panel. Why would a leading mortgage company only engage with certain solicitors rather the firm that they want to select to handle their conveyancing in Barry ?

Banks have always had an approved set of law firms they are content to work with, but in recent years big names such as Santander, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for many years.

Lending institutions attribute this action to a rise in fraud as the reason for the pruning – criteria have been tightened as a smaller panel is easier to keep an eye on. Banks tend not to disclose how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is being contacted daily by practices that have been removed from panels. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The buyers are not going to have any impact on this.

What is the difference between a licensed conveyancer and conveyancing solicitor in Barry

There are many recorded licenced Conveyancers in Barry and Solicitor practices in Barry who can help with your conveyancing It is important to make clear that both are regulated professionals specialising in the legal aspects of the home buying process. Both can deal with associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.

is it true that all Barry solicitors on the Yorkshire BS conveyancing panel are governed by the Solicitors Regulatory Authority?

As a firm of solicitors, in order to be on the Yorkshire BS conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Some banks do allow licenced conveyancers on their panel in which case such organisation would be governed by the CLC.

It is not clear whether my lender requires a lease extension. I have telephoned my Barry building society branch on a couple of occasions and was told it wasn't a problem and they would lend. My Barry conveyancing solicitor - who is on the bank conveyancing panel- called to say that they will not lend in accordance with their published requirements. Who do I believe?

Provided that the solicitor is on the bank panel, she or he must comply with the Council of Mortgage Lenders’ Handbook requirements for the bank. 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 lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Barry. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Barry

    There must be mutual enforceability of lessee’s covenants. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.

Due to the input of my in-laws I had a survey completed on a property in Barry ahead of instructing conveyancers. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some lenders will refuse to issue a mortgage on a flying freehold home.

It varies from the lender to lender. Bank of Scotland has different instructions for example to Birmingham Midshires. Should you wish to call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Barry. Conveyancing may be slightly more expensive based on your lender's requirements.

Taking into account that I will soon part with 450k on a house in Barry I would like to talk to a conveyancer about myhome move prior to giving the go ahead to the firm. Can this be arranged?

Absolutely - it is our preference to talk to you we do not take any clients on without you speaking to the conveyancer who will be carrying out your property ownership legalities in Barry.There is no ‘factory style conveyancing’ - every client is an important individual, not a case number. The practices that we put you in touch with believe that the fees you are quoted for your conveyancing in Barry should be the amount on the final invoice that you are charged.

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