Much to our surprise we have been notified by our financial adviser that my Whitland property lawyer is not on the mortgage company Conveyancing panel. What can I do to be sure if this is correct?
The sensible course of action for you to take is to call your Whitland conveyancer. You lawyer should advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
I'm buying a new build house in Whitland with the aid of help to buy. The developers would not reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep told me not to tell my lawyer about the side-deal as it would impact my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.
As co-executor for the estate of my father I am selling a property in Swansea but I am based in Whitland. My solicitor (approximately 235 miles awayrequires that I sign a statutory declaration before the transaction finalising. Can you recommend a conveyancing lawyer in Whitland to attest and place their company stamp on the document?
strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will be fine regardless of whether they are Whitland based
What are your top tips when it comes to appointing a Whitland conveyancing firm to deal with our lease extension?
If you are instructing a solicitor for lease extension works (regardless if they are a Whitland conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you make enquires with several firms including non Whitland conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be useful:
What volume of lease extensions has the firm completed in Whitland in the last twenty four months? How experienced is the practice with lease extension legislation?
I am the registered owner of a garden flat in Whitland, conveyancing having been completed in 2010. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Whitland with a long lease are worth £197,000. The average or mid-range amount of ground rent is £55 levied per year. The lease ends on 21st October 2077
With just 55 years remaining on your lease we estimate the price of your lease extension to span between £31,400 and £36,200 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.
Do I stop my mortgage payments with Clydesdale as soon as a completion date for my sale in Whitland has been set?
You would be well advised to continue meeting any mortgage sums to Clydesdale until the mortgage is discharged out of the proceeds of sale as part of your Whitland conveyancing.