Do the Building Society Association intend to launch a online directory to to identify practices on the Loughborough BS conveyancing panel for example in Bridgend?
We are not aware of any intention on the part of the BSA to develop such a register.
I happen to be the single recipient of my late mum's estate and I have everything in my name now, including the my former home in Bridgend. The Bridgend property was put into my name in June. I now wish to sell up. I do know about the CML 6 month 'rule', meaning my proprietorship may be treated the same way as if I'd bought the house in June. Will no one buy the property for half a year?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be caught by that. Most banks would take a practical view as this clause is primarily there to identify the purchase and immediately sell or the quick reselling of properties.
Is it the case that all Bridgend conveyancing solicitors on the Kent Reliance conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the Kent Reliance approved list of solicitors they would need to be regulated by the SRA. Some lenders do allow licenced conveyancers on their panel in which case such practice would be regulated by the CLC.
Bank of Ireland have agreed my home loan in principle, my bid on a house in Bridgend has been agreed to, what happens next?
Your property agent will wish to be informed of your conveyancer's details (ensure that the lawyers are on the bank’s panel). Telephone Bank of Ireland or the broker and complete any appropriate paperwork. Bank of Ireland will appoint a valuer who will get in touch with the selling agent or owners to schedule a time for the valuation to occur. Once conducted (assuming no problems) it takes on average a week for the mortgage offer to be issued. Bank of Ireland will send the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Bridgend.
What will a local search tell me regarding the property I am buying in Bridgend?
Bridgend conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search organisations such as Xpress Legal The local search is essential in every Bridgend conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your property. The search should supply information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
How does conveyancing in Bridgend differ for new build properties?
Most buyers of new build residence in Bridgend come to us having been asked by the builder to sign contracts and commit to the purchase even before the premises is finished. This is because house builders in Bridgend typically buy the real estate, 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 conveyancing solicitors 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 Bridgend or who has acted in the same development.
Are all Bridgend property lawyers on every lender conveyancing panel?
You can use our search tool or you can pop into your local bank branch in Bridgend. Chances are that they can recommend conveyancing solicitors in Bridgend