We went with a high street lawyer for my conveyancing in Bridgend today. Upon checking the small print I seewe are on the hook for charges even if our purchase aborts. Would I be best advised to use a web based firm promising no completion no cost conveyancing in Bridgend?
Generally there is a compromise along the lines that if "No Sale No Fee" is available then the conveyancing charges will generally be uplifted to neutralise the cases that do not go ahead. Please beware that such arrangements generally do not cover expenses for instance Bridgend conveyancing search fees.
Two weeks ago we had a mortgage agreed in principle with Bank of Ireland. Bridgend conveyancing lawyers have been selected. How long does it take for Bank of Ireland to send the offer to the property lawyer?
There is no definitive answer here. Have Bank of Ireland conducted the valuation? Have you informed Bank of Ireland as to your lawyers' details and checked that your lawyers are on the Bank of Ireland conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have decided to exercise my right to buy my property in Bridgend off the council. I have a mortgage agreed with Coventry BS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Coventry BS, you will need to appoint a solicitor on the Coventry BS conveyancing panel.
The mortgage over my property is with Virgin Money for my property in Bridgend. Conveyancing has been completed a year ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Virgin Money?
Your original mortgage agreement with Virgin Money will provide that you need their approval prior to renting your property as this is likely to be a breach of Virgin Money’s mortgage conditions. It may be that Virgin Money will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Virgin Money directly. You need not do this via a Virgin Money conveyancing panel lawyer.
Due to the input of my in-laws I had a survey completed on a property in Bridgend ahead of appointing solicitors. I have been informed that there is a flying freehold element to the property. The surveyor has said that some banks may not issue a mortgage on this type of home.
It varies from the lender to lender. HSBC has different requirements for example to Nationwide. If you call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Bridgend. Conveyancing may be slightly more expensive based on your lender's requirements.
Hoping to buy a property located in Bridgend and I am already nervous. I couldn't find anything specific about Bridgend. Conveyancing will be needed in due course but do you know about the Bridgend area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Bridgend. In the meantime here are some basic statistics that we found
My husband and I are first time buyers - agreed a price, but the estate agent informed us that the vendor will only proceed if we use their preferred conveyancers as they need an ‘expedited deal’. We would rather use a high street conveyancer who is familiar with conveyancing in Bridgend
We suspect that the owner is unaware of this ultimatum. If they want ‘a quick sale', turning down a motivated buyer is not the way to achieve this. Avoid the agents and go straight to the sellers and explain that (a)you are motivated buyers (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you intend to proceed fast (e)however you are going to appoint your own,trusted Bridgend conveyancing lawyers - not the ones that will earn their estate agent a commission or achieve conveyancing thresholds demanded by corporate headquarters.