I am only a couple days away from an exchange on a property in Neath Port Talbot and my parents have sent the ten percent deposit to my . I am now informed that as the deposit has been sent from someone other than me my needs to make a notification to my mortgage company. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I advised the mortgage company concerning my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?

The is obliged to clarify with the bank to ensure that they know that the balance of the purchase price is not from your own resources. The solicitor can only report this to your lender if you agree, failing which, your lawyer must cease to continue acting.

I just bought a property at auction in Neath Port Talbot. Conveyancing is necessary. What is next?

Having legally bound yourself to purchase you must hire the services of a conveyancing lawyer quickly as you now have a fast approaching deadline in which to complete the conveyancing. Every auction property should have a bespoke auction pack. This should include the copy title deeds, local authority and drainage searches. In the case of leasehold property the auction pack should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to a leasehold property. You must hand this to the solicitor working for you at the earliest opportunity. You also need to ensure that that you have the requisite funding in place to complete the transaction on the set completion date.

I am being told by my lawyer that lack of building regulations insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Neath Port Talbot?

The appropriate level of lack of building regulations indemnity insurance should be dictated by who your lender. It would differ for example between and . Conveyancing practitioners as opposed to borrowers take out such insurances.

We previously appointed conveyancers located in Neath Port Talbot on the solicitor panel. They are now charging me a supplemental sum for handling the mortgage. Is this a supplemental conveyancing fee set by ?

As unfair as it may seem, as long as it’s in their Terms of Engagement or estimate then yes your is entitled to charge a fee for this. The fee is not set by but by your Neath Port Talbot . Plenty of firms on the panel will charge ’dealing with mortgage’ fee but plenty of firms include it on their overall fee.

Are there restrictive covenants that are commonly identified as part of conveyancing in Neath Port Talbot?

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Neath Port Talbot. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

How simple is it to swap conveyancer as I have to appoint one who is on the conveyancing panel. I was using a local conveyancing solicitor in Neath Port Talbot round the corner but he is not approved by

It would be our pleasure to help you find a conveyancing solicitor in Neath Port Talbot on the panel. Please note that the solicitors that we work with do not pay us commission if you instruct them and are fully regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Neath Port Talbot. In making use of the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Neath Port Talbot.

I acquired a split level flat in Neath Port Talbot, conveyancing having been completed 3 years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Neath Port Talbot with over 90 years remaining are worth £165,000. The ground rent is £45 per annum. The lease finishes on 21st October 50

With just 50 years unexpired the likely cost is going to be between £36,100 and £41,800 as well as plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.