I am not well enough to travel far from Llandeilo. What is the rationale as to why all Llandeilo property lawyers are not on all mortgage company panels?
Lenders normally impose restrictions on either the type or the number of conveyancing firms on their panel. Frequent examples of such restriction(s) being that the organisation needs to have at least two partners. As well as restricting the type of firm, some have made a decision to limit the number of firms they permit to represent them. It is worth noting that mortgage companies have no responsibility for the standard of conveyancing provided by any Llandeilo conveyancing practitioner on their panel. Property fraud was the key driver in the rationalisation of conveyancing panels a few years ago notwithstanding that there are contrary assessments about the extent of solicitor involvement in some of that fraud. Statistics published by HMLR exposes that thousands of conveyancing practices only conduct a couple of conveyances annually. Those advocating conveyancing panel consolidation question why law firms should have any entitlement to be listed on a bank panel when clearly conveyancing is not their speciality?
We were just about to sign contracts for a property in Llandeilo. We have hit a stumbling block. Our loan offer with Accord Mortgages Ltd runs out on 14/2/2025 but the owners are putting forward a completion date of 18/2/2025. Is it possible to prolong the loan expiry date?
The person best placed to deal with your issue is your lawyer who will hopefully assess whether he or she is should be discussing with the mortgage company, seller’s lawyers, selling agents or conceivably all three taking into account what has happend in your conveyancing as of today.
The deeds to our home can not be found. The solicitors who handled the conveyancing in Llandeilo 5 years ago no longer exist. What do I do?
You no longer need to have the physical deeds to establish that you own the land or property, given that the Land Registry hold details of all registered land or property electronically.
I am looking for a flat up to £245,000 and found one round the corner in Llandeilo I like with amenity areas and transport links in the vicinity, the downside is that it's only got 49 remaining years left on the lease. There is not much else in Llandeilo for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a home loan the shortness of the lease will be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
I am looking into buying my first house which is in Llandeilo and I am already nervous. I couldn't find anything specific about Llandeilo. Conveyancing will be needed in due course but do you know about the Llandeilo area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Llandeilo. In the meantime here are some basic statistics that we found