The owners of the property we are purchasing are using a conveyancing solicitor in Barry who has suggested a lock out contract with a deposit 10k. Are such contracts promoted for Barry conveyancing transactions?
There are a couple of main concerns with entering into any lock out contract (occasionally referred to as a shut-out contract) is that it diverts attention away from progressing with the conveyancing transaction itself, so in the absence of it needing minimal or no negotiation then it may turn out to be unhelpful. It is not particularly popular by Barry conveyancing practitioners for this reason. A supplemental negative is the extent of the remedies available - an aggrieved buyer should not expect to win an injunction to prevent the seller completing the sale to another buyer, so the only remedy available under the contract will be the reimbursement of wasted charges and, in rare situations, the extra payment of penalties.
We are purchasing a house and require a conveyancing solicitor in Barry who is on the Principality conveyancing panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Principality . We don't recommend any particular firms conducting conveyancing in Barry.
What is the difference between a licensed conveyancer and conveyancing solicitor in Barry
Two types of professional can do conveyancing in Barry namely CLC regulated conveyancers or solicitors. The two can administer conveyancing services that required to complete the sale or purchase of property. They are both duty bound to conduct Barry conveyancing on similar standards and guidelines so you can be safe in the knowledge that your conveyancing will be professionally carried out and that all necessary steps should be appropriately attended to.
I have paid off my mortgage with Yorkshire BS. I assume I don't need a Barry conveyancer on the Yorkshire BS panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Yorkshire BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Yorkshire BS mortgage from the register. Yorkshire BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Yorkshire BS has sent the Land Registry the discharge electronically, and
- Yorkshire BS has instructed the Land Registry to do so
The formalities of my purchase has taken place for my property in Barry. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
Most lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. In most cases complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I was recommended by a number of estate agents in Barry to find a property lawyer using your seach tool. Is there a financial inducement for Estate Agents to market your services ahead of alternative conveyancing organisations?
We refuse to make any commission for pointing buyers and sellers our way. We thought it would be too underhand a fee because home movers will think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
Is there a reason that Barry conveyancing costs are higher for leasehold and freehold properties?
Inevitably there is increased work needed for leasehold conveyancing. Barry has many leasehold properties. There is more hours involved in the purchase: for example, the lease and leasehold information (including up to date service charge, ground rent and buildings insurance details) obtained from the freeholder or managing agents. There are strict criteria that the lease must meet in order to be acceptable to a mortgage company. If it does not meet these requirements, the lease must be amended, which can involve additional expense for the seller.