My husband and I are purchasing a newly built apartment in Pencoed and my conveyancer is advising me that she is duty bound to the mortgage company to reveal incentives from the developer. The Estate Agents are hassling me to exchange and I have no desire to prolong matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Are the BSA planning on creating a online directory to to identify solicitors on the Coventry BS conveyancing panel for instance in Pencoed?
Lexsure has not been advised of any intention on the part of the BSA to promote such a register.
Various online forums that I have frequented warn that are a common cause of delay in Pencoed house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances during the legal transfer of property. Searches are not likely to be the root cause of slowing down conveyancing in Pencoed.
I have todaydiscovered that Arc property Solicitors have closed. They conducted my conveyancing in Pencoed for a purchase of a leasehold flat 12 months ago. How can I check that the property is in my name in the name of the former proprietor?
The quickest way to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Pencoed conveyancing specialists.
My father-in-law has urged me to use his lawyers for conveyancing in Pencoed. Do I take his guidance?
There are no two ways about it it’s preferable to choose a conveyancing practitioner is to have recommendations from friends or relatives who have used the conveyancer you're considering.