I am getting a offer of a home loan from Nat West. My intention is to use a Licensed Conveyancer in Borth. Does the Nat West Solicitor panel exclude conveyancers regulated by the CLC?
The Nat West approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Various web forums that I have come across warn that are the number one reason for hinderance in Borth conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published determinations of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of hindrances during the legal transfer of property. Searches are not likely to feature in any slowing down conveyancing in Borth.
How does conveyancing in Borth differ for new build properties?
Most buyers of new build property in Borth come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is finished. This is because builders in Borth typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Borth or who has acted in the same development.
Given that I will soon spend hundreds of thousands of pounds on a two bedroom apartment in Borth I would like to talk to a conveyancer concerning theconveyancing before giving the go ahead to the firm. Can this be arranged?
We could not agree more - we would be happy to talk to you we do not take any clients on without you liaising with the lawyer due to be conducting your conveyancing in Borth.There is no ‘factory style conveyancing’ - each client is unique individual, not a matter reference. The solicitors that we put you in touch with believe that the figure you are provided with for your conveyancing in Borth should be the figure that you are charged.
My estate agent has recommended their conveyancer for our conveyancing in Borth - won’t it be easier to just instruct them?
You need to establish if the selling agent is recommending a lawyer or introducing to a solicitor. There are plenty of Borth selling agents who recommend two or three Borth conveyancing firms purely based on those lawyers offering a great service.