My husband and I are purchasing a newly constructed duplex in Rhymney and my solicitor is informing me that she has to the bank to reveal incentives from the developer. The Estate Agents are hassling me to exchange and I would rather not delay the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am purchasing a house and need a conveyancing solicitor in Rhymney who is on the Yorkshire Building Society approved. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Yorkshire Building Society in certain locations such as Rhymney. We dont recommend any particular firm.
Is it the case that all Rhymney conveyancing solicitors on the Barclays conveyancing panel are governed by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Barclays conveyancing panel they would need to be overseen by the Solicitors Regulatory Authority. The majority of banks do permit licenced conveyancers on their panel and in such a situation the firms would be overseen by the CLC.
We are getting the release of further monies on our home loan from Yorkshire BS as we wish to carry out alterations to our property in Rhymney. Are we obliged to select a nearby Rhymney solicitor on the Yorkshire BS conveyancing panel to handle the legals?
Yorkshire BS would not normally appoint a member of their conveyancing panel to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Yorkshire BS conveyancing panel.
Planning on purchasing a maisonette in Rhymney. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Leeds Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Rhymney lawyer is on the Leeds Building Society conveyancing panel.
I am looking for a flat up to £245,000 and identified one close by in Rhymney I like with a park and transport links nearby, however it's only got 61 remaining years left on the lease. I can't really find anything else in Rhymney for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a home loan the remaining unexpired lease term will be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you could 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 existing lease with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
Taking into account that I will soon part with hundreds of thousands of pounds on 3 bedroom house in Rhymney I would like to have a conversation with the conveyancer concerning thehouse move ahead of instructing the firm. Is this something that you can arrange?
Absolutely - we would be pleased to talk to you we do not take any clients on without you speaking to the conveyancer who will be conducting your property ownership legalities in Rhymney.There is no ‘factory style conveyancing’ - every client is an important individual, not a matter number. The solicitors that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in Rhymney should be the figure that you are charged.