We are approaching an exchange on a house in Skewen and my mum and dad have sent the exchange deposit to my . I am now informed that as the deposit has been received from someone other than me my needs to make a notification to my bank. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I disclosed to the bank concerning my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?

The is duty bound to clarify with lender to make sure that they know that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.

How does conveyancing in Skewen differ for new build properties?

Most buyers of new build property in Skewen come to us having been asked by the seller to exchange contracts and commit to the purchase even before the property is completed. This is because new home sellers in Skewen tend to acquire the real estate, 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 conveyancers 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 used to new build conveyancing in Skewen or who has acted in the same development.

I decided to have a survey carried out on a property in Skewen before appointing conveyancers. I have been informed that there is a flying freehold element to the house. My surveyor advised that some banks may not grant a mortgage on such a home.

It depends who your proposed lender is. Santander has different requirements from Nationwide. Should you wish to telephone us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Skewen. Conveyancing may be slightly more expensive based on your lender's requirements.

Am I best advised to appoint a Skewen conveyancing solicitor who is local to the property I am buying? I have an old university friend who can perform the conveyancing however her office is 400kilometers away.

The benefit of a high street Skewen conveyancing practice is that you can attend the office to execute paperwork, present your ID and apply pressure on them where appropriate. Having local Skewen know how is a plus. That being said it's more important to get someone that will do a good and efficient job. If other friends have instructed your friend and the majority were impressed that should trump using an unfamiliar Skewen conveyancing solicitor just because they are Skewen based.

Due to sign contracts shortly on a basement flat in Skewen. Conveyancing lawyers have said that they are sending me a report on Monday. Are there areas in the report that I should be focusing on?

Your report on title for your leasehold conveyancing in Skewen should include some of the following:

Whether your lease provides for a sinking fund? Who has the liability to repair and maintain the building. It is important that you know which party is responsible the repair and maintenance of every part of the building Are you allowed to have a pet in the flat? You should be sent a copy of the lease Advice concerning the obligations in the lease to pay service charges - with regard to both the building, and the wider rights a leaseholder enjoys

Skewen Conveyancing for Leasehold Flats - A selection of Queries before Purchasing

On the whole the outlay for major works tend not to be included within service charges, although there some managing agents in Skewen require leaseholders to contribute towards a reserve fund created for the specific intention of building a fund for larger works. What prohibitions are contained in the Skewen Lease? What is the annual service fee and ground rent?