I'm in the process of switching my existing standard loan to a Buy to Let Norwich and Peterborough Building Society mortgage. I was told by my mortgage that I require a solicitor for this. I got in contact with my previous Margam conveyancing firm who acted on my behalf when I first purchased the property. The quote sent of £550 has surprised me as I am not require purchase conveyancing - it’s just a bog-standard refinance.
The quote is fractionally on the high side. If you shop around you could trim some of the cost by perhaps a hundred pounds. On the other hand, assuming were satisfied with the service the firm gave you maycome to rue opting for an an untested lawyer. Remember to be sure that the solicitor can also act for Norwich and Peterborough Building Society. Do use our search tool to find a Margam conveyancing firm on the Norwich and Peterborough Building Society member panel, which can often include conveyancing solicitors in Margam.
Our lawyer has identified a defect with the lease for the property we are buying in Margam. The other side have put forward title insurance as a solution. We are happy with insurance and will pay for it. Our lawyer has advised that he must ensure that the bank is willing to move forward with this solution. Are we the client or is the bank?
Notwithstanding that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the mortgage company are the client. The appropriate lender provisions have to be complied with.
I am selling our home in Margam and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. Any high street Margam lawyer would know this is not the case. For the life of me I don't know why the purchasers used an internet conveyancing practice rather than a conveyancing solicitor in Margam. We have lived in Margam for six years we know that this is a non issue. Do we get in touch with our local Authority to seek confirmation that there is no issue.
It sounds as though you may have a conveyancing solicitor already. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
How does conveyancing in Margam differ for newly converted properties?
Most buyers of new build property in Margam come to us having been asked by the developer to sign contracts and commit to the purchase even before the house is finished. This is because new home sellers in Margam usually purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Margam or who has acted in the same development.
My company is planning to lease a unit on a shopping parade. Can you recommend conveyancers offering fixed fees for commercial conveyancing in Margam for less than 2k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Margam, including the sale and acquisition of businesses as well as simply property. If you are intending to purchase or dispose of a shop, pub, restaurant, office, retail premises or a complete business we can put you in touch with the right solicitor. Regarding the charges this will depend on the structure and nuances of the deal. Please provide us with your contact information or email so as to enable us to provide you with a fixed commercial conveyancing calculation.