We wanted to use a property lawyer in Pentwyn for our home move. Our financial adviser informed us that our mortgage lenders won't deal with them. Surely this is unfair competition?
A decade ago most mortgage companies had an appetite for risk which was higher than today. Almost all Pentwyn conveyancing firms would have been on many mortgage company panels. The Financial Services Authority in 2010 conducted a thematic investigation into mortgage fraud which concluded: know the conveyancing solicitors dealt with. Consequently, mortgage companies have regularly sought more data from law firms regarding their operations and their employees and set certain criteria such a completing on a minimum amount of conveyancing. Many Pentwyn conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing.Pentwyn is one of the thousands of areas where the solicitors we list are are approved .
We are purchasing a 3 bedroom semi in Pentwyn. We would like to carry out a loft conversion at the house.Will the conveyancing process involve checks to ascertain if these works are allowed?
Your solicitor will check the deeds as conveyancing in Pentwyn can occasionally reveal restrictions in the title deeds which prevent categories of works or require the permission of a 3rd party. Certain works need local authority planning consent and approval under the building regulations. Certain areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these things with a surveyor ahead of any purchase.
I have been on the look out for a leasehold apartment up to £305k and found one close by in Pentwyn I like with a park and station in the vicinity, the downside is that it's only got 51 remaining years left on the lease. There is not much else in Pentwyn for this price, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a mortgage the shortness of the lease will be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 2 years you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.