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Find a Maesteg Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Maesteg

My son is about to exchange on a new build apartment in Maesteg with a home loan from Santander. His conveyancer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?

The document is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Santander conveyancing panel as a standard part of the process, and to the surveyor when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Santander conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

Will lawyers request money up-front for conveyancing in Maesteg?

Where you are retaining lawyers for conveyancing in Maesteg your solicitor will request that you put them with monies to cover the search fees. This will be the total of the cost of the conveyancing searches. If any down payment is as part of the sale price then this should be needed immediately before contracts are exchanged. The closing balance that is needed should be sent to your lawyer a couple of days ahead of the completion date.

Do commercial conveyancing searches reveal impending roadworks that may affect a commercial site in Maesteg?

Its becoming the norm that commercial conveyancing solicitors in Maesteg will conduct a SiteSolutions Highways report as it reduces the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Maesteg. The search result provides definitive information 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 Maesteg.

For every commercial conveyancing transaction in Maesteg it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could cause delays to Maesteg commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not carried out for residential conveyancing in Maesteg.

I'm buying my first flat in Maesteg with a loan from The Mortgage Works. The sellers refused to move on the price so I negotiated 6k of extras instead. The house builders rep suggested that I not disclose to my conveyancer about the deal as it will adversely affect my mortgage with the bank. Do I keep my lawyer in the dark?.

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.

I am looking for a flat up to £245,000 and identified one close by in Maesteg I like with open areas and station nearby, however it's only got 52 years unexpired on the lease. There is not much else in Maesteg for this price, so just wondered if I would be making a mistake buying a lease with such few years left?

Should you require a home loan the shortness of the lease will be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of 2 years you could ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.

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