I am progressing with the sale of my apartment in Maesteg and the EA has just text me to warn that the purchasers are swapping law firm. The reason given is that the mortgage company will only work with solicitors on their approved list. Why would a leading mortgage company only work with certain solicitors rather the firm that they want to choose for their conveyancing in Maesteg ?
Banks have always had panels of law firms that can represent them, but in recent years big names such as HSBC, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for decades.
Mortgage companies point to the increase in fraud as the reason for the reduction – criteria have been stiffened as a smaller panel is easier to keep an eye on. Banks tend not to disclose how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is hearing daily from firms that have been removed from panels. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The purchasers are unlikely to have any sway in the decision.
I need some expedited conveyancing in Maesteg as I have an ultimatum to exchange contracts within one month. A mortgage is not required. Is it possible to avoid the conveyancing searches to save fees and time?
If.Given you are not taking a home loan you have the choice not to do searches although no conveyancer would recommend that you don't. Drawing on our experience of conveyancing in Maesteg the following are examples of issues that can appear and adversely affect the marketability of the property: Refused Planning Applications, Overdue Fees, Outstanding Grants, Unadopted Roads,...
I am buying a new build house in Maesteg with the aid of help to buy. The developers would not budge the amount so I negotiated 6k of additionals instead. The sale representative advised me not reveal to my conveyancer about the deal as it would jeopardize my loan with Lloyds TSB Bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
As co-executor for the will of my father I am selling a residence in Neath but I am based in Maesteg. My conveyancer (approximately 235 kilometers from mehas requested that I execute a stat dec prior to completion. Could you suggest a conveyancing lawyer in Maesteg who can witness and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will suffice regardless of whether they are located in Maesteg
Whilst your website is a good idea there are many lawyers listed near Maesteg being on the lender conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the mortgage company approved panel?
We are not in the business of recommending one firm above another as the right Maesteg conveyancing firm for you depends on where your priorities lie. For example you may require a local firm with Maesteg knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..