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Conveyancing in Pencoed Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 12/10/17

Pencoed data:

Pencoed's nearest airport is Cardiff Airport. and Pencoed's closest station is Pencoed.

Pencoed is about 1/2 mile off the M4 Junction 35 Westbound.

The neighbouring hospital for Pencoed is Princess of Wales Bridgend.

Q.

How do we find affordable conveyancing in Pencoed?

A.

Various firms advertise so-called cheap conveyancing quotes. Often additional fees are frequently hidden in the terms and conditions. These terms are often ignored by excited buyers, eager to get underway.

Q.

Do I need to choose a law firm named by the estate agent?

A.

Many agents will have referral deals with solicitors whereby they refer work. However, if they are paid a referral fee, there is a risk that the agent may suggest whichever firm pays the most per referral, not the best solicitor for your needs.

Q.

Which issues are key to arrange fast conveyancing?

A.

Experienced buyers will tell you that finding a communicative conveyancer is crucial to a fast transaction. There are several tasks you, as the purchaser, can do, including, encouraging your conveyancer to carry out searches promptly, promptly answering your conveyancer's questions and clarifying your mortgage lender's requirements.

Q.

How much will searches be?

A.

Conveyancing searches in Pencoed ranges in cost. They are paid to a third party.

Q.

Pencoed conveyancers conduct some property conveyancing searches when instructed to act for a property purchaser, which particular searches?

A.

If taking out a mortgage the lender expects a solicitor to get at least these searches - Local Authority (council), Drainage Search (Con29DW) and Environmental, and perhaps less common searches, which might include Commons Registration (CON290).

Q.

Having heard about the serious river flooding in Wales I am apprehensive that environmental searches might not be thorough enough?

A.

Your Pencoed solicitor will advise you to apply for environmental searches if the standard conveyancing searches spots a significant risk the local Pencoed flood risk

It may be prudent to contact a close neighbour for extra insight if you are still worried.

Q.

I am buying with Dunfermline Building Society, is there anything we need to consider?

A.

When purchasing with a mortgage, your lender will require legal work to be carried out on their behalf. Over the last two years, some lenders have reduced their 'solicitor panel', potentially creating higher conveyancing costs for property buyers. Homeward Legal, however, are able to act on behalf of many lenders.

Q.

Will doing DIY conveyancing save me money?

A.

In theory, there is no argument why a home mover cannot handle the your own conveyancing on your own. That said, a conveyancing solicitor takes care of a huge number of exercises e.g. applying for and interpreting office copies or notifying parties of completion many of which really need training.

Additionaly lawyers must take out appropriate insurance cover to protect you in the event of any errors.