My husband and I are acquiring a newly constructed duplex in Pontarddulais and my lawyer is telling me that she has to the lender to reveal incentives from the seller. The Estate Agents are hassling me to exchange contracts and I would rather not delay matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I own a freehold premises in Pontarddulais but still pay rent, why is this and what is this?
It is rare for properties in Pontarddulais and has limited impact for conveyancing in Pontarddulais but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
What does commercial conveyancing in Pontarddulais cover?
Pontarddulais conveyancing for business premises incorporates a wide range of services, given by qualified solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
My husband and I are 17 days into a freehold purchase having been recommend to a firm by the estate agent to do our conveyancing in Pontarddulais. We are not happy. Can you help me find new conveyancers?
They would need to be very bad to suggest replacing them. Has the mortgage offer been generated? In the event that it has you must make them aware of the new solicitor and have the offer are issued to the new lawyers. Your new conveyancer needs to be on the lenders panel to avoid supplemental expenses and delays. So that should be your starting point. The search tool can assist you in finding a bank approved conveyancer for your conveyancing in Pontarddulais
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the mortgage company conveyancing panel. My lawyer has said that they are on the mortgage company approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the mortgage company conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the bank solicitor panel.