lenderpanel

Find a Lampeter Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Lampeter

We have rather assertive sellers who has recommended a lock out agreement with a payment of 5k. Are such agreements sensible?

Exclusivity contracts are contracts binding a home owner and prospective buyer giving the buyer a ‘clear field’ to purchase the premises for a certain period of time. Essentially, a lock out agreement is a contract stating that you should have a contract at a later time which is the main conveyancing contract. It tends to be utilised for buyer protection though in some cases, the seller may enjoy an upside from such agreements as well. There are various positives and negatives to having them but you need to check with your solicitor but note that it may end up incurring more in conveyancing fees. For these reasons these agreements are rare when it comes to conveyancing in Lampeter.

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

A selection of banks and building societies now utilise the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of conveyancing solicitors.

I am due to exchange contracts on my flat. I had a double glazing fitted in May 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Yorkshire BS are being a right pain. The Lampeter solicitor who is on the Yorkshire BS conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Yorkshire BS are requiring a building regulation certificate. Why do Yorkshire BS have a conveyancing panel if they don't accept advice from them?

It is probably the case that Yorkshire BS have referred the matter to their valuer. The reason why Yorkshire BS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.

Intending to buy a apartment in Lampeter. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nationwide conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Lampeter conveyancer is on the Nationwide conveyancing panel.

I used Stirling Law several years ago for my conveyancing in Lampeter. I now require my papers however the law firm has closed. What do I do?

You should call the Solicitors Regulatory Authority (SRA) to help locate 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 Lampeter of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

About to purchase a new build apartment in Lampeter. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Lampeter

    If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Forfeiture - bankruptcy or liquidation must not apply under this provision. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?

I have just started marketing my ground floor apartment in Lampeter. Conveyancing has not commenced, but I have just received a half-yearly maintenance charge invoice – Do I pay up?

The sensible thing to do is discharge the maintenance contribution as usual because all rents and service charges should be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.

I am the registered owner of a ground floor flat in Lampeter, conveyancing having been completed half a dozen years ago. Can you work out an approximate cost of a lease extension? Similar flats in Lampeter with an extended lease are worth £211,000. The ground rent is £50 invoiced annually. The lease terminates on 21st October 2088

With only 68 years remaining on your lease we estimate the price of your lease extension to range between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.

The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure 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 clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.

Last updated

Neighbouring Locations

Llanon
Tregaron
Llanybydder
Lampeter

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