We are buying a brand new duplex in Blaenau Gwent and my conveyancer is informing me that she has to the lender to reveal incentives from the builder. I am on a tight deadline to exchange contracts and I would rather not delay the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We are planning to acquire a property and need a conveyancing solicitor in Blaenau Gwent who is on the TSB approved panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for TSB . We don't recommend any particular firms conducting conveyancing in Blaenau Gwent.
I have been told that property searches are the main cause of delay in Blaenau Gwent conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of delays in the conveyancing process. Searches are unlikely to be the root cause of holding up conveyancing in Blaenau Gwent.
How does conveyancing in Blaenau Gwent differ for newly converted properties?
Most buyers of new build premises in Blaenau Gwent contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is finished. This is because builders in Blaenau Gwent tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Blaenau Gwent or who has acted in the same development.
Can I determine who is the owner of a house in Blaenau Gwent?
On the basis that the premises is recorded at HMLR, and you have requisite specifics of the location of the premises, you will be able to obtain results from the HMLR of the recorded owner for a for less than a fiver.