My wife and I are nearing an exchange on a house in Blaina and my mum and dad have transferred the 10% deposit to my . I am now advised that as the deposit has been received from someone other than me my needs to disclose this to my lender. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the bank concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to delay the deal?

The is obliged to clarify with lender to make sure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your bank if you agree, failing which, your lawyer must cease to continue acting.

My uncle passed away last year and as sole heir and executor I was left the property in Blaina. The house had a small mortgage left on it of around £5k. I want to have the title changed into my name whilst I re-mortgage to , pay off the mortgage. Is this allowed?

If you intend to refinance then will insist on your using a conveyancer on the conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the mortgage is registered as a charge at the Land Registry.

Do I find a Licenced Conveyancer or Solicitor for conveyancing in Blaina?

There are two types of lawyers who can do conveyancing in Blaina namely CLC regulated conveyancers or solicitors. The two can provide conveyancing services that required to complete the sale or acquisition of property. Both are required to conduct Blaina conveyancing on similar standards and guidelines so you may be safe in the knowledge that your conveyancing will be professionally conducted and that the requisite steps should be suitably taken.

Are all Blaina Conveyancing Quality Solicitors on the conveyancing panel?

Some major banks and building societies now utilise the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of firms.

I was told three weeks ago that my mortgage has been agreed to by . Is it usual for to only issue the offer once my solicitor in Blaina is approved on their conveyancing panel? have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.

Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for to deal with your lawyer's application to be on the conveyancing panel. There's no guarantee that your solicitor will be accepted.

Me and my brother purchased a renovated Edwardian house in Blaina. Conveyancing practitioner represented me and . I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold with the exact same property. If a house is not a freehold shouldn't I have been informed?

You need to 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 Blaina 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 lenders. You can also enquire as to the position with the conveyancing solicitor who completed the work.

I invested in buying a split level flat in Blaina, conveyancing having been completed half a dozen years ago. Can you work out an approximate cost of a lease extension? Comparable flats in Blaina with a long lease are worth £165,000. The ground rent is £45 yearly. The lease ends on 21st October 50

With just 50 years left to run the likely cost is going to span between £36,100 and £41,800 as well as professional fees.

The figure above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.