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Find a Penrhyn Bay Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Penrhyn Bay

Our god-son is about to exchange on a new build apartment in Penrhyn Bay with a mortgage from Coventry BS. His lawyer has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?

The form is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Coventry BS conveyancing panel as a standard part of the process, and to the valuer when requested. 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 Coventry BS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

Completed the sale of my flat in Penrhyn Bay last February but the buyer keeps texting every few hours complaining that her lawyer is waiting to hear from mine. What should my lawyer have done following completion?

Following your disposal your solicitor is committed to forward the transfer deeds and all supplemental paperwork to the purchaser's lawyers. Where appropriate, your solicitor should also confirm that the mortgage has been repaid to the buyers conveyancers. There is unlikely to be post completion requirements peculiar conveyancing in Penrhyn Bay.

What happens if my lawyer’s firm is suspended from the UBS Conveyancing panel ahead of completing my conveyancing in Penrhyn Bay?

First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.

My wife and I have a semi-detached Edwardian house in Penrhyn Bay. Conveyancing lawyer acted for me and Coventry Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold with the exact same address. I'd like to know for sure, how can I find out??

You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Penrhyn Bay and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with the conveyancing lawyer who completed the work.

I am buying my first flat in Penrhyn Bay with the aid of help to buy. The developers would not reduce the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep suggested that I not inform my lawyer about the side-deal as it could jeopardize my mortgage with the bank. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the builder 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.

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