We were just about to sign contracts for a ground floor flat in Mumbles. We encountered a problem. Our mortgage offer with Nationwide Building Society runs out on 18/2/2025 but the owners are suggesting a completion date of 20/2/2025. Can one prolong the loan expiry date?
The person best placed to deal with your issue is your conveyancer who should determine whether they better off negotiating with the mortgage company, owner’s conveyancers, property agents or indeed all three given the circumstances your house move as of today.
What does my ID and proof of funds have anything to do with my conveyancing in Mumbles? Why is this being asked of me?
To satisfy the Money Laundering Regulations any Mumbles conveyancing firm will require proof of identity in all conveyancing matters. This is normally satisfied by provision of a passport and an original bank statement or utility bill evidencing your correct address.
Under Money Laundering Regulations, conveyancing solicitors are obliged by law to investigate not just the ID of conveyancing clients but also the source of fund that they receive in respect of any matter. Refusal to disclose this may lead to your lawyer cancelling their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers will have an obligation to make a disclosure to the relevant authorities should they consider that any amounts received by them may contravene the Money Laundering Regulations.
I am assisting my aunt sell her house in Mumbles. Will the conveyancing solicitor arrange an EPC or do I organise this?
After the demise of HIPs, energy assessments remained a compulsory element of selling a property. An energy performance certificate needs to be commissioned in advance of the property being advertised. It is not something that lawyers normally organise. Where you are using a Mumbles conveyancing practitioner they might be able to arrange energy assessments due to their contacts with reputable Mumbles providers
I have instructed a Mumbles lawyer having checked that they are on the TSB conveyancing panel. Does my lawyer arrange the survey of the property?
TSB will need an independent valuation of the property. Your lawyer will not arrange this. Usually TSB 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 property 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 Mumbles postcode. As you are getting a mortgage with TSB, you could contact them to see if they have a list of approved surveyors in Mumbles.
My offer on a semi in Mumbles has been accepted, but there is a chain. The sellers have placed an offer on on an apartment, however it’s not yet tied up, and have viewings of other flats booked. I have chosen a local conveyancing solicitor in Mumbles. What do I do now? When should I get the mortgage application with Clydesdale going?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is in the region of £1k, then valuation, Mumbles conveyancing search charges, etc). The first thing to do is check that your conveyancer is on the Clydesdale conveyancing panel. Regarding the next stages this very much depends on the circumstances of your transaction, attraction to this property and on the state of the market. In a hot market many buyers will apply for the mortgage with Clydesdale and pay for the valuation and only if it comes back ok would they request their conveyancer to move forward with the conveyancing in Mumbles.
Do I need to pay for insurance to address the risk of chancel repairs when buying a residence in Mumbles?
Unless a previous purchase of the premises took place after 12 October 2013 you can take it that conveyancing practitioners delivering conveyancing in Mumbles to continue to propose a a chancel search and or insurance against a claim.
My cousin has encouraged me to appoint his conveyancing solicitors in Mumbles. Should I use them?
There are no two ways about it the best way to find a conveyancing solicitor is to get recommendations from friends or relatives who have actually previously instructed the conveyancer that you are contemplating using.