My wife and I are intent on buying property in Bridgend. My Solicitor has never been on on the bank approved list. Am I still permitted to use my Bridgend conveyancing solicitor notwithstanding that they are not on the lender list of approved lawyers?
You must instruct a solicitor to deal with the formalities when you take out a mortgage to purchase your home. They will carry out all the appropriate legal checks on the property, ensuring that you will be registered as proprietor and ensure that all the necessary mortgage documentation is in place. One can select a Bridgend property lawyer of your choice. However, where the solicitor appointed is not on the bank solicitor panel additional charges will be levied as separate legal representation will be required by them. Bank panel applications can be submitted, so where your lawyer has not in the past applied for membership they should take the opportunity to apply.
As someone not used to conveyancing in Bridgend what’s your top tip you can give me for the ownership transfer in Bridgend
Not many law firms shout this from the rooftops but conveyancing in Bridgend or throughout England and Wales is an adversarial process. Put another way, when it comes to conveyancing there is lots of opportunity for conflict between you and other parties involved in the transaction. E.g., the vendor, selling agent and sometimes a bank. Selecting a solicitor for your conveyancing in Bridgend an important selection as your conveyancer is your adviser, and is the SOLE party in the transaction whose interest is to look after your legal interests and to keep you safe.
Every so often a potential adversary will try and convince you that you should follow their advice. For instance, the selling agent may claim to be helping by suggesting your conveyancer is slow. Or your financial adviser may advise you to do something that is against your solicitors recommendation. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
I am purchasing a garden flat in Bridgend. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Bridgend you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Bridgend.
The estate agent has sent us the confirmation of our purchase of a new build flat in Bridgend. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Bridgend
If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply a car parking plan. Please confirm the Lease plans are surveyor prepared.
I'm remortgaging my current property to a buy to let loan with Godiva Mortgages Ltd and intend to use the remaining equity towards a second property. The neighborhood we are looking at is Bridgend. Will your lawyers be able to act for both sets of banks and link together the two deals?
Do use our search tool on this site to ensure that the solicitors are approved by both banks. Having checked that they are the lawyer will be able to tie up the two transactions but you should talk with you solicitor and specify your expectations and needs.