It is is a decade since I bought my home in Cwmcarn. Conveyancing lawyers have now been retained on the sale but I am unable to find the deeds. Is this a major issue?
You need not be too concerned. First there is a chance that the deeds will be kept by your lender or they could be in the possession of the solicitor who acted in the purchase. Secondly in all probability the property will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors acquiring current official copies of the land registers. Almost all conveyancing in Cwmcarn relates to registered property but in the unlikely event that your property is not registered it is more of a problem but is resolvable.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Cwmcarn. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 18/6/2021, the requirements read as follows :
Due to the advice of my in-laws I had a survey completed on a property in Cwmcarn before retaining solicitors. I have been informed that there is a flying freehold element to the property. Our surveyor advised that some banks tend not give a loan on a flying freehold home.
It depends who your proposed lender is. Lloyds has different instructions from Nationwide. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Cwmcarn. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Cwmcarn to see if the conveyancing costs will increase in light of this.
I have been recommended by a number of estate agents in Cwmcarn to get a quote from a solicitor using your seach tool. What’s the financial upside for Estate Agents to offer your services ahead of another?
We refuse to make any commission for pointing buyers and sellers to this site. We found it would be just too difficult a fee because a client could think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I'm buying a flat in Cwmcarn. I can find my conveyancer's company on the Law Society's list, but I can't find my lawyer's name on the list. Should I be concerned?
Not all staff in the company must be listed by the regulator. Provided there is a manager qualified to 'oversee' the conveyancing, the actual day-to-day activity can be undertaken by unlicensed staff.