Is it necessary during the course of the conveyancing process to visit the offices of the solicitor to execute the mortgage deed? If so, I will instruct a firm who offer conveyancing in Risca so that I can pop in to their offices if required.
Nowadays conveyancing panel lawyers for mortgage companies undertake their work through the post, internet or over phone calls. This means that they can undertake the legal work for your home move no matter where you live in England or Wales. Nevertheless you can see if you can still book an appointment to visit conveyancing lawyer if needed.
My wife and I are buying a flat in Risca. It might be a silly question but how we can trust a conveyancer? At some point we have to deposit our life savings into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
When it comes to mortgage companies such as HSBC, do Risca solicitors face a yearly amount to be on the list of approved solicitors?
We are unaware of any mortgage company fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
I can not work out if my bank requires a lease extension. I have called into my local Risca bank branch on various occasions and was informed it wasn't a problem and they would lend. My Risca conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they would not lend in accordance with their published requirements. I simply don't know who is right.
As long as the property lawyer is on the bank panel, she or he must adhere to the Council of Mortgage Lenders’ Handbook requirements for the bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
The deeds to my house are lost. The solicitors who handled the conveyancing in Risca 5 years ago are no longer around. What do I do?
You no longer need to have the physical official documentation to evidence that you are the registered proprietor of land or property, as the Land Registry have everything they need in a digital format.
Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what should have been a quick, chain free conveyancing. Risca is where the house is located. Can you shed any light on this issue?
Flying freeholds in Risca are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Risca you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Risca may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I cannot visit my Risca conveyancing practitioners office to execute documents for conveyancing in Risca – is this a problem?
You need not be concerned. Risca conveyancing lawyers can handle home moves for clients nationwide. It is not necessary for you to be able to attend a Risca conveyancers office. Almost all solicitor can handle everything using post, email, telephone and fax.