I am acquiring a maisonette in Maesteg. My property lawyer has never been on on the bank approved panel. Am I still permitted to appoint my Maesteg conveyancing solicitor notwithstanding that they are not on the mortgage company list of approved lawyers?

One must instruct a lawyer to deal with the formalities if you require a loan to purchase your home. The property lawyer will conduct all the appropriate due diligence on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage paperwork is dealt with. You can select a Maesteg conveyancer of your choice. However, if the solicitor appointed is not a member of the lender solicitor panel supplemental charges will be levied as separate legal representation will be required by them. Lender panel applications can be submitted, so if your solicitor has not historically sought membership they should take the opportunity to apply.

I'm purchasing my first flat in Maesteg with a mortgage from Accord Mortgages Ltd. The developers would not budge the amount so I negotiated five thousand pounds worth of additionals instead. The estate agent told me not inform my lawyer about this extras as it could impact my mortgage with Accord Mortgages Ltd. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder 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 am looking for a flat up to £305k and identified one close by in Maesteg I like with open areas and transport links nearby, however it only has 61 years on the lease. I can't really find anything else in Maesteg in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?

If you require a mortgage that many years will likely be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you can ask them to 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 lawyer concerning this.

My business partner and I are planning to lease a unit on the high street. Can you recommend lawyers offering competitive costs for commercial conveyancing in Maesteg for under 1500k?

We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in Maesteg, including the disposal and purchase of businesses as well as simply property. If you are intending to purchase or dispose of a shop, pub, restaurant, office, retail premises or a complete business we will find you the right lawyer. Regarding the fees this will depend on the structure and complexity of the deal. Let us have your details or phone so as to enable us to supply you with a fixed commercial conveyancing calculation.

There are a lot of properties in Maesteg on private lanes. My husband and I are buying one such property. Are there any advantages to buying a property on a privately owned road?

Maesteg conveyancing practices will be well versed in dealing houseson unadopted roads. The solicitor will review the title to find any rights or responsibilities. It is possible that there is a management company (wholly owned by residents) that owners make annual contributions to maintain the road. Where one exists, the road will likely be maintained and appear better than publicly maintained.