I have 70 years remaining on my lease and require a lease extension for my apartment in Margam. Conveyancing solicitors on the Bank of Ireland panel can deal with such extensions right?

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 3/3/2025 the requirements read as follows :

My wife and I are buying a apartment in Margam. I might seem paranoid but how we can trust a lawyer? On completion day we will need to deposit our life savings into their account. What protection do we have from them run away with our deposit?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

Can you help - my lawyer says that restrictive coveneant insurance is required on my purchase. What is the level of cover for Margam conveyancing?

The right level of restrictive coveneant indemnity insurance depends on your lender. It would differ for example between Accord Mortgages Ltd and Barnsley Building Society. Conveyancing practitioners as opposed to members of the public take out such policies.

I have instructed a Margam conveyancing practitioner having checked that they are on the Kent Reliance conveyancing panel. Does my lawyer arrange the survey of the property?

Kent Reliance will need an independent valuation of the property. Your lawyer will not arrange this. Usually Kent Reliance will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Margam postcode. As you are getting a mortgage with Kent Reliance, you could contact them to see if they have a list of approved surveyors in Margam.

Do commercial conveyancing searches reveal proposed roadworks that may affect a commercial land in Margam?

Its becoming the norm that commercial conveyancing solicitors in Margam will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Margam. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Margam.

For each commercial conveyancing transaction in Margam it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can result in delays to Margam commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not conducted for domestic conveyancing in Margam.

I'm purchasing my first flat in Margam with a loan from Britannia. The sellers would not reduce the amount so I negotiated 6k of extras instead. The estate agent advised me not disclose to my solicitor about this deal as it may adversely affect my mortgage with Britannia. Do I keep my lawyer in the dark?.

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.

Due to the guidance of my in-laws I had a survey completed on a property in Margam prior to appointing solicitors. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some banks may refuse to issue a loan on this type of home.

It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Margam. Conveyancing may be slightly more expensive based on your lender's requirements.