Do lawyers request an advanced payment for conveyancing in Llantwit Major?

Where you are retaining lawyers for conveyancing in Llantwit Major your solicitor will request that you to provide them with funds to cover the search fees. Ordinarily this is needed to cover the fees of the conveyancing searches. When the deposit is payable against the sale price then this should be required immediately prior to contracts are exchanged. The final balance that is needed will be payable shortly before completion.

My Conveyancer in Llantwit Major is not on the Halifax Solicitor Panel. Is it possible for me to retain my family solicitor even though they are not on the Halifax list of approved lawyers?

Your options are as follows:

1. Carry on with your existing Llantwit Major solicitors but Halifax will need to retain a solicitor on their list of acceptable firms. This will inevitably rack up the overall conveyancing charges and result in delays.
2. Choose a new practitioner to to deal with the purchase, remembering to check they are Halifax approved.
3. Persuade your Halifax solicitor to attempt to join the Halifax panel

Over the last few months I have been searching for a flat up to £195,000 and found one round the corner in Llantwit Major I like with a park and station in the vicinity, the downside is that it's only got 52 remaining years left on the lease. I can't really find anything else in Llantwit Major in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?

If you need a mortgage that many years will likely be problematic. Reduce 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 may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.

I'm converting the mortgage on my primary house to a BTL mortgage with TSB and intend to use the remaining equity as a deposit on another house. The area we are looking at is Llantwit Major. Will your lawyers be able to act for both sets of mortgage companies and link together the conveyances?

Do use our comparison tool on this site to check that the conveyancers are on the appropriate lender panels. Assuming that they are your solicitor should be able to connect the two transactions but you should have a chat with you conveyancer and make clear your expectations and needs.

I have just started marketing my garden flat in Llantwit Major. Conveyancing solicitors are to be appointed soon, however I have recently had a half-yearly service charge invoice – Do I pay up?

Your conveyancing lawyer is likely to suggest that you should discharge the invoice as usual as all ground rent and maintenance charges should be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.

Llantwit Major Conveyancing for Leasehold Flats - Examples of Queries Prior to buying

It is important to be aware if redecorating or some other major work is due shortly to be shared by the leasehold owners and could well materially impact the level of the maintenance fees or necessitate a specific invoice. Is there a share of the freehold? Are any of leasehold owners in dispute over their service charge payments?