Do the Building Society Association intend to launch a search tool with a view to list solicitors on the Earl Shilton BS conveyancing panel for example in Ponthir?
We would not expect to be advised of any intention on the part of the BSA to promote such a register.
I have todaydiscovered that Arc property Solicitors have closed. They conducted my conveyancing in Ponthir for a purchase of a freehold house 9 months ago. How can I establish that the property is not still registered in the name of the former proprietor?
The easiest method to see if the property 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 Ponthir conveyancing specialists.
How does conveyancing in Ponthir differ for newly converted properties?
Most buyers of new build or newly converted property in Ponthir come to us having been asked by the seller to sign contracts and commit to the purchase even before the premises is constructed. This is because builders in Ponthir typically purchase the site, 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 Ponthir or who has acted in the same development.
I was recommended by three or four local property agents in Ponthir to locate a conveyancer on your site. What’s the financial incentive for Estate Agents to offer your lawyers ahead of a competitor’s?
We refuse to offer any commission for pointing buyers and sellers to this site. We thought it would be too underhand to pay a commission as members of the public would think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
At what point do I cover the costs of the Stamp Duty Land Tax due for my Ponthir flat purchase?
Most solicitors tend to fill out a stamp duty return on your behalf as part of your Ponthir purchase transaction for you to sign. After completion your lawyer will submit your Land Transaction application to the Inland Revenue and - as long as they have the money - pay any Stamp Duty due on your behalf.