We note that you have a post code search directory identifying firms on the Clydesdale conveyancing panel. Do firms pay you a referral fee if I appoint them for our conveyancing in Old Town?

We are a listing service only for law firms wishing to communicate if they are on the Clydesdale conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Old Town.

My apartment in Old Town is up for sale and I have a buyer. Will my conveyancing practitioner need to be on the Principality conveyancing panel in order to deal with paying off my mortgage?

Ordinarily, even if your lawyer is not on the Principality conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently in recent years.

Over the last few months I have been searching for a leasehold apartment up to £245,000 and found one round the corner in Old Town I like with a park and railway links nearby, however it only has 49 years on the lease. I can't really find anything else in Old Town for this price, so just wondered if I would be making a mistake acquiring a short lease?

If you require a home loan that many years may be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.

I am a sole trader hoping to take over a lease of an office on the high street. Can you recommend solicitors offering no-sale-no costs for commercial conveyancing in Old Town for under £2000?

We can recommend firms who have well rounded knowledge of commercial conveyancing in Old Town, including the disposal and acquisition of businesses as well as simply property. Whether you are intending to buy or dispose of a shop, pub, restaurant, office, retail premises or a whole business we can put you in touch with the right lawyer. As for the fees these will vary based on the structure and heads of terms of the deal. Let us have your details or email so as to enable us to provide you with comprehensive commercial conveyancing quote.

My 20yr old son is about to join the property ladder, he had his mortgage in principle. After the seller agreed the offer on the flat we rang the bank to progress the mortgage application. We were very surprised to learn that mortgage lenders do not accept all lawyer, they must be on their panel, is this right?

Mortgage Companies normally imposes restrictions either the type or the number of conveyancing practices on their approved list of lawyers. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that lenders have no responsibility for the quality of advice provided by any Old Town solicitor on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Presumably not.