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Find a Cardigan Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Cardigan? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Cardigan home move at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Cardigan conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Cardigan

Should lawyers ask for an advanced payment when it comes to conveyancing in Cardigan?

If you are buying a property in Cardigan your lawyer will ask you to provide them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. When the down payment is as part of the purchase price then this will be asked for shortly before contracts are exchanged. The final balance that is needed should be sent to your lawyer shortly before completion.

What is the optimum way to investigate if the solicitor conducting my conveyancing in Cardigan is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Halifax thus spending £175.00 in additional conveyancing bill.

Please do take advantage of the search tool on this web page. Please choose the mortgage company and type ‘Cardigan’ or your location and you will discover numerous conveyancers located in Cardigan or near you.

What is the difference between a licensed conveyancer and conveyancing solicitor in Cardigan

There are many recorded licenced Conveyancers in Cardigan and Solicitor firms in Cardigan who provide Conveyancing services It is important to make clear that both are regulated professionals specialising in the legal work in the home buying process. They may both also conduct other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.

I am helping my mother sell her house in Cardigan. Will the conveyancing solicitor order an EPC or it is for me to coordinate?

Following the demise of HIPs, EPC’s was kept a required element of moving property. An energy performance certificate needs to be to hand before the property is marketed. It is not something that law firms ordinarily organise. Where you are using a Cardigan conveyancing lawyer they might help arrange energy assessments given their contacts with long established local energy assessors

I was told three weeks ago that my mortgage has been agreed to by Coventry BS. Is it usual for Coventry BS to only issue the offer once my solicitor in Cardigan is approved on their conveyancing panel? Coventry BS have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.

Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Coventry BS to deal with your lawyer's application to be on the Coventry BS conveyancing panel. There's no guarantee that your solicitor will be accepted.

Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a straight forward, no chain conveyancing. Cardigan is where the house is located. What do you suggest?

Flying freeholds in Cardigan are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Cardigan you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cardigan may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.

I am attracted to a two maisonettes in Cardigan which have about fifty years remaining on the lease term. Will this present a problem?

There are plenty of short leases in Cardigan. The lease is a legal document that entitles you to use the premises for a prescribed time frame. As a lease shortens the value of the lease deteriorates and results in it becoming more expensive to extend the lease. This is why it is advisable to extend the lease term. It is often difficulties arise selling premises with a short lease as mortgage lenders less inclined to grant a loan on properties of this type. Lease enfranchisement can be a difficult process. We advise that you get professional assistance from a solicitor and surveyor with experience in this area.

I acquired a leasehold flat in Cardigan, conveyancing having been completed 7 years ago. Can you work out an approximate cost of a lease extension? Comparable flats in Cardigan with a long lease are worth £222,000. The average or mid-range amount of ground rent is £50 levied per year. The lease expires on 21st October 2095

With just 71 years unexpired the likely cost is going to be between £9,500 and £11,000 as well as professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.

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Neighbouring Locations

Aberporth
Cardigan
Crymych
Hermon
Boncath
Llanfyrnach

Find out more about how flying freehold can affect your the value of a property.