I'm in the process of transferring my current homeowner mortgage to a BTL Coventry Building Society mortgage. I was told by my financial advisor that I must appoint a conveyancer as part of the process. I got in contact with my previous Abersoch conveyancing solicitor who dealt with the legals when I first acquired the property. The pricing estimate issued of £450 plus VAT has surprised me as I am not require purchase conveyancing - it’s simply a bog-standard refinance.

The estimate fees appear a bit high. If you are willing to invest time contrasting charges you could shave off some of the expense by perhaps £100 plus VAT. On the other hand, providing that you were satisfied with the assistance the firm gave you maylive to rue choosing an an untested conveyancer. If is important to be sure the firm can also act for Coventry Building Society. Do make use of our search tool to get a quote a Abersoch conveyancing firm on the Coventry Building Society conveyancing panel, which can often include conveyancing solicitors in Abersoch.

We are acquiring a newly built apartment in Abersoch and my solicitor is informing me that she has to the bank to reveal incentives from the seller. I am nearing the developer’s deadline to exchange and I would rather not delay matters. Is my lawyer right?

You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook specifications. 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 am purchasing my first flat in Abersoch with a loan from Barclays . The developers refused to move on the amount so I negotiated five thousand pounds worth of additionals instead. The estate agent advised me not reveal to my conveyancer about this extras as it may affect my loan with the bank. Is this normal?.

All lenders require a Disclosure of Incentives Form from the developer 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.

I'm refinancing my current house to a BTL loan with Godiva Mortgages Ltd and I will use the ballance of the raised equity towards a second property. The location we are looking at is Abersoch. Will your lawyers be able to act for the two banks and tie in the conveyances?

Make use of our comparison tool on this site to check that the lawyers are on the relevant lender panels. Assuming that they are your lawyer will be able to connect the two conveyancing matters but you should have a chat with you conveyancer and make clear your desired outcome and needs.

Our financial adviser has suggested using their property lawyer for our conveyancing in Abersoch - won’t it be advisable to just instruct them?

It is not always the case and you are entitled to use whichever lawyer you prefer for your Abersoch conveyancing. A conveyancer put forward by a 3rd party adviser may not always be the right solicitor, they may recommend their own conveyancing firm who are based far away. In this instance you may not have contact with your solicitor and due to the lack of continuity in the transaction, it may be difficult to obtain progress reports.