When can the exchange of contracts take place for domestic conveyancing in Bridgend and do I need to be at the lawyers branch?

Where you are round the corner to one of the conveyancing solicitors in Bridgend you are invited in to sign documents. That being said, the lender approved solicitors we recommend supply countrywide coverage for conveyancing and provide as equally comprehensive and professional a job for you when communicating with you by post or email. The executing of the contract is not when everything is set in stone. A signed contract is necessary for the firm to address the formalities when the time is right, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Bridgend)to be in the office available at the end of the phone to exchange contracts.

We're in Bridgend, First time buyers purchasing with a mortgage (lender is Kent Reliance , and our lawyer is on the Kent Reliance conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Kent Reliance conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

This question may be naive but I am unseasoned as FTB of a garden flat in Bridgend. Do I receive the keys to the house on the completion date from my solicitor? If so, I will use a local conveyancing solicitor in Bridgend?

On the day of completion you will not be required to go to the conveyancers office in Bridgend. Conveyancing lawyers for you will arrange to send the purchase money to the vendor’s lawyers, and shortly after the monies have arrived, you should be able to collect the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.

I'm the sole beneficiary of my late father’s estate with all property in now in my sole name, including the my former home in Bridgend. The Bridgend property was put into my name in August. I want to move. I understand that there is a Mortgage Lenders six month 'rule', which means that my property ownership will be regarded the same way as if I'd bought the house in August. Will no one buy the property for half a year?

The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be affected by that. Most banks would take a sensible view as this provision is chiefly there to pick up on the purchase and immediately sell or the wholesaling and assigning of properties.

Is it the case that all Bridgend solicitor practices on the Nationwide conveyancing panel are regulated by the SRA?

As solicitors, in order to be on the Nationwide conveyancing panel they would need to be overseen by the SRA. Some lenders do permit licenced conveyancers on their panel and in such a situation the organisation would be regulated by the CLC.

I have todaybecome aware that Action Conveyancing have closed. They conducted my conveyancing in Bridgend for a purchase of a leasehold apartment 9 months ago. How can I check that my home is registered correctly in the name of the former proprietor?

The quickest method to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Bridgend conveyancing specialists.

Is there a reason that Bridgend conveyancing fees are higher for leasehold and freehold properties?

When buying a leasehold property there is more work involved purely due to the fact that usually there are further parties involved in the form of the freeholder and/or Management Agents. As part of a lawyers enquiries they will check that all ground rent and service charges are paid up to date amongst other general leasehold matters. For this reason, the Sellers lawyers usually have to refer to the freeholder or Managing Agent for their replies to our questions. This may be time consuming and beyond the lawyers control