Do banks and building societies provide you with an approved list of Margam conveyancing solicitors? How do you know who is on the Clydesdale conveyancing panel?

Margam conveyancing firms themselves provide us confirmation that they are on the Clydesdale conveyancing panel as opposed to being supplied with a list from Clydesdale directly.

I have been told that property searches are the primary reason for obstruction in Margam house deals. Is this right?

The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not figure within the common causes of delays in the conveyancing process. Local searches are unlikely to be the root cause of slowing down conveyancing in Margam.

I have been on the look out for a ground for flat up to £195,000 and found one near me in Margam I like with amenity areas and station in the vicinity, however it's only got 49 remaining years left on the lease. There is not much else in Margam in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?

Should you need a home loan that many years will likely be an issue. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least twenty four months you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.

In scouring the internet for the phrase conveyancing in Margam it shows results of many solicitorsin the vicinity. How do I determine which is the right property lawyer for the sale of my house?

The preferential method of finding a suitable conveyancer is via trusted testimonial, so ask colleagues and those you trust who have acquired a property in Margam or a reputable estate agent or financial adviser. Charges for conveyancing in Margam vary, so it's advisable to obtain at least three estimates from varying types of solicitors. Dont forget to clarify what costs in the quote includes.

We are midway through buying a house in Margam. Conveyancing solicitor has told us the property is "Leasehold". Should this adversely affect the marketability of the property?

Margam conveyancing does not in most situations involve leasehold houses. The crucial factor here is the length of lease and the ground rent. If there are hundred of years years remaining with a nominal rent, it's virtually freehold, so it’s unlikely to affect the marketability too much.

On the flip side, if it's, say, fifty five years it is bound to have a significant effect on the saleability, and most likely wouldn't be mortgageable. The remaining lease term and ground rent will be stated in the lease which should be made available to your solicitor.