I am hoping to receive a offer of a home loan from Halifax. I hope to employ the services of a Licensed Conveyancer in Torfaen. Does the Halifax Conveyancing panel exclude Licensed Conveyancers?
The Halifax conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
Various online forums that I have visited warn that are the primary cause of obstruction in Torfaen conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays in the conveyancing process. Local searches are not likely to be the root cause of holding up conveyancing in Torfaen.
Over the last few months I have been searching for a flat up to £195,000 and identified one near me in Torfaen I like with amenity areas and transport links nearby, the downside is that it only has 61 years on the lease. There is not much else in Torfaen suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a mortgage the remaining unexpired lease term will likely be an issue. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
Given that I will soon spend hundreds of thousands of pounds on 3 bedroom house in Torfaen I wish to have a conversation with the conveyancer concerning thetransaction prior to appointing the firm. Can this be arranged?
We could not agree more - it is our preference to talk to you we do not take any clients on without you liaising with the conveyancer due to be doing your conveyancing in Torfaen.There is no ‘factory style conveyancing’ - each client is an important individual, not a case number. The law firms that we put you in touch with believe that the fees you are provided with for your conveyancing in Torfaen should be the figure that you are charged.
I acquired a house in Torfaen last 25/7/2017 and to date it is still not registered with HMLR. It was part of a new estate and my solicitor told me that it may take twelve months to register. I have called HM Land Registry directly and they have informed me the original application was cancelled due to questions not being addressed in time. Should I be concerned?
It is your conveyancer that you should get in touch with in order to satisfy any concerns which have been raised as part of the registration process for your Torfaen property. Normal Torfaen conveyancing practice includes an undertaking on the part of the seller's conveyancer that they will assist in resolving any requisition raised by HMLR so it may be a case of seeking to enforce that undertaking if necessary.