lenderpanel

Find a Llanelli Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Llanelli

Do conveyancers ask for money on account for my conveyancing in Llanelli?

Where you are retaining lawyers for conveyancing in Llanelli your solicitor will request that you put 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 deposit is as part of the total price then this will be asked for immediately ahead of exchange of contracts. The closing balance that is needed should be transferred shortly before completion.

A relative suggested that if I am purchasing in Llanelli I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

This is a search is sometimes quoted for as part of the standard Llanelli conveyancing searches. It is not a small document of more than thirty pages, listing and setting out important information about Llanelli around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Llanelli Education with plans and statistics, Local Amenities and other useful data concerning Llanelli.

Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a quick, chain free conveyancing. Llanelli is the location of the property. Can you shed any light on this issue?

Flying freeholds in Llanelli are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Llanelli you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Llanelli 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.

Is it simple use the search facility to get a quote from a conveyancing lawyer in Llanelli on the authorised to act for my mortgage?

Step one is to select a lender such as Barclays , The Mortgage Works or Bank of Ireland then specify your location e.g. Llanelli. Conveyancing organisations in Llanelli and nationally should be identified.

My husband and I are FTB’s - agreed a price, but the agent has warned us that the seller will only go ahead if we instruct their preferred conveyancers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a local conveyancer used to conveyancing in Llanelli

We suspect that the seller is unaware of this requirement. Should the seller require ‘a quick sale', alienating a genuine buyer is counter productive. Bypass the agents and go straight to the sellers and make sure they comprehend that (a)you are serious buyers (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)but you will continue to instruct your preferred Llanelli conveyancing solicitors - rather thanthe ones that will give the negotiator at the agency a referral fee or meet his conveyancing figures demanded by corporate headquarters.

Last updated

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