We note that you have a search directory listing solicitors on the HSBC conveyancing panel. Do companies pay you a commission if I instruct them for our own conveyancing in Colwyn Bay?
We are a listing service only for law firms wishing to communicate if they are on the HSBC conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Colwyn Bay.
I am buying a property in Colwyn Bay. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Barclays be concerned?
Given that you are obtaining a mortgage with Barclays your lawyer must comply with the formal requirements outlined in Part 2 of UK Finance Lenders’ Handbook for Barclays. The CML Handbook stipulates minimum conditions for solar panel roof-space leases, and property lawyers are required to report to Barclays where a lease fails to meet these conditions. The conditions relate to the installation of panels on properties countrywide and is not restricted to Colwyn Bay.
My wife and I are at the point of viewing flats in Colwyn Bay and I am about to put in an offer. Should I already have a conveyancer appointed at this stage? I will be getting a home loan with TSB.
It would be wise to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. As you are taking out a mortgage with TSB, make sure you remember to check that your lawyer is on the TSB conveyancing panel.
Completion of my remortgage has taken place for my property in Colwyn Bay. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
All banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. We understand that complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
How does conveyancing in Colwyn Bay differ for new build properties?
Most buyers of new build residence in Colwyn Bay approach us having been asked by the seller to sign contracts and commit to the purchase even before the property is finished. This is because house builders in Colwyn Bay typically buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Colwyn Bay or who has acted in the same development.
I have been on the look out for a ground for flat up to £235,500 and found one round the corner in Colwyn Bay I like with amenity areas and station in the vicinity, however it only has 49 years on the lease. There is not much else in Colwyn Bay in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you need a home loan the remaining unexpired lease term will be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
I need to appoint a conveyancing solicitor for purchase conveyancing in Colwyn Bay. I have stumble upon a web site which appears to be the ideal answer If there is a chance to get all the legals completed via web that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?