lenderpanel

Find a Gower Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Gower

My bid for a property was accepted at auction in Gower. Conveyancing is required. What happens now?

Having to all intents and purposes signed on the dotted line you should retain a conveyancing solicitor quickly as you now have a fast approaching deadline in which to complete the transaction. Every auction property will ordinarily have a bespoke legal set of papers. This will include most,if not all of the paperwork that your conveyancer requires. Where you are dealing with leasehold premises the legal pack may provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation specific to a leasehold property. You need to hand this to the solicitor working for you as soon as possible. You also need to ensure that that you have the requisite funding in order to complete the transaction on the set completion date.

Is it the case that all Gower CQS (Conveyancing Quality Scheme) solicitors are on the TSB conveyancing list of approved solicitors?

It is true that some banks and building societies now make use of CQS as the starting point for Panel membership such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of conveyancing solicitors.

I am purchasing a property in Gower. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Nottingham be concerned?

As your lender is Nottingham your lawyer must comply with the conveyancing requirements set out in Part two of UK Finance Lenders’ Handbook for Nottingham. The Council of Mortgage Lenders’ Handbook stipulates minimum requirements for solar panel roof-space leases, and lawyers are required to report to Nottingham where a lease fails to meet these conditions. The conditions relate to the installation of panels on properties countrywide and is not isolated to Gower.

Will commercial conveyancing searches reveal impending roadworks that may affect a commercial estate in Gower?

Many commercial conveyancing solicitors in Gower will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Gower. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Gower.

For each commercial conveyancing transaction in Gower it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could cause delays to Gower commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Gower.

I'm buying my first flat in Gower with the aid of help to buy. The sellers would not move on the price so I negotiated 6k of extras instead. The property agent advised me not inform my solicitor about the side-deal as it may put at risk my loan with Yorkshire Building Society. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I am a sole trader intending to take an assignment of a lease of a shop on a shopping parade. Can you recommend conveyancers offering fixed costs for non-domestic conveyancing in Gower for under 2k?

We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Gower, including the disposal and purchase of businesses as well as simply premises. Whether you are looking to purchase or lease a shop, pub, restaurant, office, retail unit or a whole business we will put you in touch with the right solicitor. As for the charges this will depend on the structure and nuances of the deal. Please provide us with your contact information or email us so that we may provide you with a detailed commercial conveyancing calculation.

Can you provide any advice for leasehold conveyancing in Gower from the point of view of speeding up the sale process?

  • A significant proportion of the delay in leasehold conveyancing in Gower can be bypassed where you appoint lawyers as soon as you market your property and ask them to put together the leasehold documentation needed by the purchasers’ solicitors.
  • You believe that you know the number of years remaining on your lease but it would be wise to double-check via your lawyers. A buyer’s lawyer will not be happy to advise their client to proceed with the purchase of a leasehold property the lease term is under 80 years. It is therefore important at an as soon as possible that you identify whether the lease for your property needs extending. If it does, contact your solicitors before you put your property on the market for sale. In the event that you altered the property did you need the Landlord’s approval? Have you, for example installed wooden flooring? Most leases in Gower state that internal structural changes or laying down wooden flooring calls for a licence issued by the Landlord acquiescing to such works. Should you fail to have the approvals to hand you should not communicate with the landlord without checking with your solicitor first. If you have had conflict with your freeholder or managing agents it is very important that these are resolved prior to the flat being put on the market. The purchasers and their solicitors will be warry about purchasing a flat where a dispute is unsettled. You may need to swallow your pride and discharge any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the purchasers, but it is clearly preferable to present the dispute as historic rather than ongoing. A minority of Gower leases require Licence to Assign from the landlord. If this applies to your lease, you should place the estate agents on notice to make sure that the purchasers obtain bank and professional references. Any bank reference will need to confirm that the buyers are financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their solicitors.

Leasehold Conveyancing in Gower - Examples of Questions you should consider before Purchasing

    The prefered form of lease arrangement is where the freehold reversion is in the ownership of the leaseholders. In this situation the leaseholders enjoy being in charge if their destiny and although a managing agent is frequently employed if the building is larger than a house conversion, the managing agent acts for the leaseholders themselves. Its a good idea to discover as much as you can about the company managing the block as they can either make your life much easier or problematic. As the proprietor of a leasehold property you are frequently in the clutches of the managing agents from a financial perspective and when it comes to practical matters like the tidiness of the communal areas. You should not be afraid to ask other people whether they are happy with them. Finally, be sure you know the dates that you are obliged pay the service charge to the appropriate party and specifically what it includes. Where a Gower lease has fewer than eighty years it will have adverse implications on the value of the property. Check with your lender that they are willing to to proceed given the lease term. A short lease means that you will most likely require a lease extension sooner rather than later and you need to have some idea of how much this would cost. For most Gowerlease extensions you will need to own the residence for 24 months in order to be legally able to exercise a lease extension.

Last updated

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