Conveyancing In Gorseinon Q & A's
What are conveyancing searches?
Searches are queries ordered on behalf of the purchaser, which may include a British waterways search. Conveyancing searches are very informative, but deal with issues and defects relating to the property's legal title.
The property being purchased is on a ex-industrial site. We have been told that barium (Ba) top-soil contamination may be an issue.
With the history of industry in parts of Gorseinon, soil contamination cannot be totally avoided. Other sources of contaminated land include groundwater contamination.
Which Gorseinon lenders do you work with?
Homeward Legal have solicitors who have experience working with all the major lenders assisting home purchasers in Gorseinon. Local mortgage lenders and brokers include Mortgages Swansea, 188 Alexandra Rd, Gorseinon, Swansea, SA4 4PF.
I am going to a property auction and will need to arrange fast conveyancing, what can we do to speed up our transaction?
As is often argued, contacting a communicative property lawyer is key fast Gorseinon conveyancing. Additionally, there are a range of things you as the buyer can do to speed up your conveyancing, such as, contacting your property lawyer regularly, promptly completing and return any forms and organising your finances.
How does a Help to Buy scheme work for me?
This government-sponsored scheme aims to assist homebuyers with three ways of purchasing a property:
- Help to Buy ISA - if you are a first-time buyer and don’t own any other property (anywhere in the world), and you don’t have another cash ISA opened in the same tax year, when you buy your first home, the solicitor will apply for the government bonus on your behalf when closure of your Home to Buy ISA used to buy the property is confirmed.
- Help to Buy: Equity Loan - if you have no other property and are buying a newly-built home, the government will provide 20% of the cost of the house (up to a maximum of £600,000), leaving you with the saved 5% deposit and a 75% mortgage to cover the remainder. This is open to current homeowners and first-time buyers, and the home cannot be sublet nor can it be used in a part-exchange deal.
- Help to Buy: Shared Ownership - if your household earns less than £80,000, you could be eligible for this scheme, which allows you to buy between 25% and 75% of the home’s value, while the government pays the remainder on which you would then pay rent.
(information retrieved from HM Government’s Help to Buy website on 16 April 2019).
Contact the Money Advice Service, the government’s Help to Buy website, or your local ‘Help to Buy’ agent for more information.
As a consequence of the flooding in 2012 we are concerned that property environmental searches might not be thorough enough?
A competent Gorseinon conveyancing solicitor will apply for in depth flood searches if the initial search flags up a the local Gorseinon flood risk
It may be sensible to converse with a neighbour or local resident for added information.