Finally, a loan agreement from HSBC for the refinancing of my single bedroom garden flat is to be issued imminently. Are you able to recommend a low cost conveyancing practitioner in Torfaen?
You have come to the wrong site to search for cut-price fees for conveyancing solicitors in Torfaen. We can offer you value for money conveyancing but we do not aim to work with the cheapest lawyers. Do not be fooled by brokers offering the bait of £99 conveyancing in Torfaen. The optimum result, in deciding on cheap conveyancing, you will end up with what you pay for and at worst you will end up with a surprising uplift in extras and still not receive the service required.
My aunt passed away six months ago and as sole heir and executor I was left the house in Torfaen. The house had a small mortgage remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to Virgin Money, pay off the mortgage. Is this possible?
If you plan to refinance then Virgin Money will insist on your using a conveyancer on the Virgin Money conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Virgin Money conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Virgin Money mortgage is registered as a charge at the Land Registry.
Forgive me if this question is silly but I am wet behind the ears as a 1st time buyer of a two bedroom flat in Torfaen. Do I pick up the keys to the house on completion from my conveyancer? If so, I will use a High Street conveyancing solicitor in Torfaen?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the purchase money to the vendor’s conveyancers, and once they have received this, you should be called to receive the keys from the selling Agents and start moving into the property. Usually this occurs early afternoon.
Is it correct that all Torfaen CQS (Conveyancing Quality Scheme) solicitors are on the Aldermore conveyancing list of approved practices?
Some major lenders now use CQS as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their panels.
I currently have a mortgage with Bank of Ireland for my property in Torfaen. Conveyancing was finalised some time ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Bank of Ireland?
You must advise Bank of Ireland in advance of letting out your property as this is likely to be a breach of Bank of Ireland’s mortgage conditions. It may be that Bank of Ireland will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Bank of Ireland directly. You need not do this via a Bank of Ireland conveyancing panel lawyer.
My partner and I are intent on selling our home in Torfaen and according to the buyers it appears that there is a risk of it being built on contaminated land. A high street Torfaen conveyancer would know that there is no such problem. It does beg the question why the buyers are using an internet conveyancing firm as opposed to a conveyancing solicitor in Torfaen. Having lived in Torfaen for three years we know of no issue. Do we get in touch with our local Authority to seek clarification that there is no issue.
It would appear that you have a conveyancing lawyer already. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I am looking into buying my first house which is in Torfaen and I am already nervous. I couldn't find anything specific about Torfaen. Conveyancing will be needed in due course but do you know about the Torfaen area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Torfaen. In the meantime here are some basic statistics that we found