I am getting a mortgage offer from Lloyds. I intend to instruct a Licensed Conveyancer in Hengoed. Does the Lloyds Conveyancing panel allow for Licensed Conveyancers?
The Lloyds conveyancing panel is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
How up to date is your search tool for Hengoed conveyancing solicitors on the Clydesdale conveyancing panel? Do Clydesdale send you an updated list?
Hengoed conveyancing firms themselves provide us confirmation that they are on the Clydesdale conveyancing panel as opposed to being supplied with a list from Clydesdale directly.
When it comes to lenders such as Leeds Building Society, do Hengoed property lawyers incur a yearly amount to be on the conveyancing panel?
We are unaware of any mortgage company fees to be on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
Can you point me to a directory of UBS panel solicitors in Hengoed on the Building Society Association’s Website?
No. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. Very few lending institutions make their panel listings visible over the internet. Where you are looking for a Hengoed lawyer on the UBS please use our tool.
We have agreed to purchase a house in Hengoed. An unusual aspect is that the roof has a solar panel. Coventry BS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Coventry BS your lawyer must comply with the conveyancing requirements set out in Section 2 of UK Finance Lenders’ Handbook for Coventry BS. The CML Handbook stipulates minimum requirements for solar panel roof-space leases, and solicitors are required to report to Coventry BS where a lease does not satisfy these specifications. The conditions relate to the installation of panels on properties nationwide and is not limited to Hengoed.
I used Stirling Law a few years past for my conveyancing in Hengoed. I now require my papers however the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Hengoed of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to exchange soon on a leasehold property in Hengoed. Conveyancing solicitors inform me that they will have a report out to me tomorrow. What should I be looking out for?
The report on title for your leasehold conveyancing in Hengoed should include some of the following:
The physical extent of the property. This will be the flat itself but might include a roof space or cellar if appropriate. Repair and maintenance of the flat You should be told what constitutes a Nuisance as far as the lease is concerned Your conveyancers should enable you to have an understanding of the building insurance requirements What you can do if an adjoining owner is in violation of a provision in their lease?
I purchased a 1st floor flat in Hengoed, conveyancing was carried out in 2001. Can you work out an approximate cost of a lease extension? Comparable flats in Hengoed with an extended lease are worth £222,000. The ground rent is £50 invoiced annually. The lease ends on 21st October 2091
With just 70 years unexpired we estimate the price of your lease extension to be between £9,500 and £11,000 plus legals.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.