The Bridgend conveyancing firm handling our Bridgend conveyancing has uncovered an inconsistency between the information in the home valuation report and what is revealed within the title deeds. My lawyer says that he needs to check that the lender is happy with this discrepancy and is still content to lend. Is my solicitor’s course or action correct?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
Are there restrictive covenants that are commonly picked up during conveyancing in Bridgend?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Bridgend. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Bridgend differ for newly converted properties?
Most buyers of new build property in Bridgend come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because developers in Bridgend tend to buy 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 property lawyers 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 used to new build conveyancing in Bridgend or who has acted in the same development.
Taking into account that I am about to spend over three hundred thousand on a terraced house in Bridgend I wish to talk to a lawyer regarding thehome move prior to appointing the firm. Can this be arranged?
We could not agree more - we would be pleased to talk to you we do not take any clients on without you liaising with the solicitor due to be carrying out your property ownership legalities in Bridgend.There is no ‘factory style conveyancing’ - every client is an important individual, not a matter number. The solicitors that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Bridgend should be the figure that you end up paying.
My fiance and I are planning to purchase a 2 bedroom bungalowin Bridgend with a residential mortgage from a bank. We have a lawyer in Bridgend however our lender advise she’s not on their "panel". Apparently we need to choose from the our lender panel solicitors or stay with our Bridgend conveyancer and pay for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that our bank use our Bridgend lawyer?
Unfortunately,no. The lender home loan offered to you is subject to its terms and conditions, one of which will be that lawyers will on the mortgage company's conveyancing panel. in the past, most lenders had large numbers of law firms on their panels, including almost all conveyancing solicitors in Bridgend : a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for your lender.