We are about to sign contracts for a property in Cardiff. We encountered a snag. The mortgage offer with The Royal Bank of Scotland expires on 17/12/2025 but the owners are suggesting a completion date of 19/12/2025. Is it possible to prolong the loan expiry date?
The person best placed to deal with your question is your solicitors who will calculate whether they corresponding with the mortgage broker, vendor’s representatives, selling agents or possibly all parties taking into account the history of your transaction as of today.
What does my ID and proof of funds have anything to do with my conveyancing in Cardiff? What am I being asked for?
To satisfy the Money Laundering Regulations any Cardiff conveyancing firm will require evidence of your identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility account showing your correct address.
Under Money Laundering Regulations, conveyancing solicitors are required to validate not only the ID of conveyancing clients but also the origin of the money that they receive in respect of any matter. Refusal to disclose this may result in your lawyer cancelling their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to notify the relevant authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.
We're in Cardiff, First time buyers buying with a mortgage (lender is Principality , and our lawyer is on the Principality conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Principality 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.
My company is looking to take over a lease of a shop on a shopping parade. Can you recommend conveyancers offering no-sale-no costs for commercial conveyancing in Cardiff for below £2000?
We can recommend firms who host a wealth of experience of commercial conveyancing in Cardiff, including the sale and purchase of businesses as well as simply property. Whether you are looking to purchase or sell a shop, pub, restaurant, office, retail premises or a complete business we will find you the right firm. As for the fees this will depend on the structure and heads of terms of the proposed transaction. Let us have your contact information or email so as to enable us to provide you with comprehensive commercial conveyancing quote.
I need to appoint a conveyancing solicitor for leasehold conveyancing in Cardiff. I've land on a web site which looks to be the perfect answer If there is a chance to get all formalities done via email that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?