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Find a Pencoed Conveyancing Solictior on Your Lender’s Panel

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

Only LenderPanel.com provides a subset of authorised Pencoed conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Pencoed

We are planning to acquire a property and need a conveyancing solicitor in Pencoed who is on the Principality solicitor panel. Can you recommend a local conveyancing firm?

Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Principality . We don't recommend any particular firms conducting conveyancing in Pencoed.

About to place an offer on a leasehold apartment in Pencoed. The property agents tell me that it is the norm for flats in Pencoed to have less than 75 years left on the lease. I am getting a mortgage with Platform. Is this going to be acceptable if the lease has 70 years to go.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 9/1/2022 the requirements read as follows :

Minimum 85 years unexpired from completion, except where the mortgage application is pursuant to Platform's participation in the Government's Help to Buy Shared Equity scheme, in which case (a) the unexpired lease term must not be less than 250 years for new-build houses and not less than 125 years for new-build flats and (b) ground rent must be reasonable at all times and any escalation must be linked to RPI (Retail Price Index) or a similar index.

A colleague advised me that in buying a property in Pencoed there may be various restrictions as to what one can do in terms of external changes to the property. Is this right?

We are aware of a number of properties in Pencoed which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Pencoed should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

I am planning to move property in March. Will my conveyancing solicitor liaise with the removal company on the completion day. Incidentally, can you recommend a removal company in Pencoed. Conveyancing lawyer was found before I stumbled across your page.

On the afternoon of completion you can pick up the house keys from the estate agent however this should only take place once the sellers lawyers confirm to the agent that they acknowledge receipt of the completion payment and the keys can be collected. After that you will need to tell the removal company that you are ready to move in. As a matter of policy we do not suggest a specific removal organisation but can assist you in choosing a conveyancing in Pencoed or a solicitor with expertise in conveyancing in Pencoed.

After what seems like an age I have had an offer on a flat in Pencoed accepted, but there is a chain. The sellers have put an offer on somewhere, however it’s not been accepted yet, and are looking at other apartments in the pipeline. I have selected a high street conveyancing solicitor in Pencoed. What should be my next step? At what stage do I apply for the mortgage with Santander?

It is understandable to have apprehensions where there is a chain as you are unlikely to want to incur expenses too early (mortgage application is approx one thousand pounds, then survey, Pencoed conveyancing search costs, etc). First, you should check that your lawyer is on the Santander conveyancing panel. Concerning the next steps this very much depends on the circumstances of your transaction, motivation for this property and on the state of the market. During a rising market the majority of home buyers would apply for the mortgage with Santander and arrange for the valuation and only if it was satisfactory would they request their property lawyer to press on with the conveyancing in Pencoed.

How does conveyancing in Pencoed differ for new build properties?

Most buyers of new build property in Pencoed come to us having been asked by the seller to exchange contracts and commit to the purchase even before the house is ready to move into. This is because developers in Pencoed typically 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 conveyancers 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 used to new build conveyancing in Pencoed or who has acted in the same development.

Our conveyancing solicitor in Pencoed is asking me for ID documents asserting that this forms part of his legal duty as a conveyancer on the lender Solicitor panel. Can this be correct?

Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the bank. This is not unique to conveyancing in Pencoed

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