I have just been advised by my lender that my Bassaleg solicitor is not on the lender Solicitor panel. What can I do to be sure that this is correct?
The first thing you need to do is to call your Bassaleg conveyancer. You lawyer should inform you of the situation. If they are not on the panel they may be able to suggest a Bassaleg conveyancing practice that is on the approved list of lawyers for your lender.
How can we know in advance if a Bassaleg conveyancing solicitor on the HSBC panel is any good?
When it comes to conveyancing in Bassaleg obtaining recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the solicitor conducting your conveyancing.
Completion of my remortgage has taken place for my property in Bassaleg. Conveyancing was of an acceptable standard but I would like to complain about the lender. How do I make a complaint?
Most lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. We understand that complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
It is not clear whether my mortgage offer requires a lease extension. I have called my Bassaleg bank branch on numerous occasions and was advised it wasn't a problem and they will lend. My Bassaleg conveyancing solicitor - who is on the lender conveyancing panel- called and was told they will not lend in accordance with their specific requirements. I simply don't know who is right.
Provided that the lawyer is on the mortgage company panel, she or he must follow the Council of Mortgage Lenders’ Handbook specifications for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
It has been three months following my purchase conveyancing in Bassaleg concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking for a leasehold apartment up to £195,000 and identified one close by in Bassaleg I like with a park and transport links nearby, however it's only got 51 years unexpired on the lease. There is not much else in Bassaleg in this price bracket, so just wondered if I would be making a mistake buying a short lease?
If you require a mortgage the remaining unexpired lease term will be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you could ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
I am looking into buying my first house which is in Bassaleg and I am already nervous. I couldn't find anything specific about Bassaleg. Conveyancing will be needed in due course but do you know about the Bassaleg area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Bassaleg. In the meantime here are some basic statistics that we found