As a FTB what is the most important advice you can impart regarding purchase conveyancing in Sketty?
Not many law firms or advisers will tell you this but conveyancing in Sketty and elsewhere in England and Wales is an adversarial experience. In other words, when it comes to conveyancing there exists plenty of room for confrontation between you and others involved in the transaction. For example, the seller, estate agent and even potentially your lender. Choosing a law firm for your conveyancing in Sketty should not be taken lightly as your conveyancer is your adviser, and is the ONE person in the legal process whose role it is to act in your best interests and to protect you.
We are witnessing a definite emergence in the "blame" culture- someone must be at fault for the process taking so long. We recommend that you your first instinct should be to trust your conveyancer ahead of all other parties in the conveyancing process.
I have justdiscovered that Stirling Law have been shut down. They conducted my conveyancing in Sketty for a purchase of a leasehold apartment 12 months ago. How can I check that my home is registered correctly in the name of the previous owner?
The easiest way to check if the property is registered to you, you can carry out 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 Sketty conveyancing specialists.
I am purchasing a new build house in Sketty with a mortgage from Birmingham Midshires. The developers refused to budge the price so I negotiated five thousand pounds worth of additionals instead. The house builders rep suggested that I not inform my conveyancer about this extras as it would adversely affect my mortgage with Birmingham Midshires. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Due to the encouragement of my in-laws I had a survey completed on a house in Sketty in advance of instructing conveyancers. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some banks may not give a mortgage on this type of premises.
It varies from the lender to lender. HSBC has different instructions for example to Nationwide. If you contact us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Sketty. Conveyancing may be slightly more expensive based on your lender's requirements.
I am buying a house and cash is in place. I have provided solicitor with two distinct proof of photographic ID, bank statement, numerous utility bills. Now he requires a copy from a probate lawyer advising that the money is in order and that it has come from inheritance and not dealing E's in Ibiza.
In today’s world you will not be able to complete any Sketty conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Evidence of your source of funds is required under Money Laundering laws.