Recently been in touch with my conveyancing solicitor in Magor who conducted the legals two years ago requesting a conveyancing quote based on an identical type of home move (a leasehold premises and a freehold property) of similar values with a home loan from Accord Mortgages Ltd. It looks as though am now being quoted twice the amount. Should I hunt for an alternative firm of conveyancing solicitor?
The costs illustration is fractionally on the expensive side. If you are prepared to spend time comparing prices you could reduce the fees slightly by perhaps a hundred pounds. That being said, providing that you were satisfied with the legal work the firm gave you maylive to rue choosing an an unknown conveyancer. Remember to be sure the firm can also act for Accord Mortgages Ltd. Do utilise our search tool to locate a Magor conveyancing firm on the Accord Mortgages Ltd member panel, which can often include conveyancing solicitors in Magor.
Some advice if I may. My Magor conveyancer is assuring me that she is duty bound toconduct Magor conveyancing searches resulting from the fact thatthe firm are on the Nat Westconveyancing panel. These Magor checks cost a lot of money can this be avoided?
You have limited options available to you. As you are taking a home loan with a lender your solicitor has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your property lawyer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to follow the CML Handbook specifications . Even if you were a cash buyer you would be ill advised not to carry out Magor conveyancing searches.
We just had an offer accepted to purchase with Earl Shilton BS. I called into a couple of high street solicitors yet am unable to find a Magor conveyancing firm on the Earl Shilton BS approved list. Can you help?
Feel free to take advantage of the find a lender approved solicitor tool on this page. Pick the lender and type Magor or your location and you will be presented with numerous solicitors offices in Magor or by proximity to you.
We are getting the release of further monies on our mortgage from Virgin Money as we intend to conduct alterations to our home in Magor. Do we need to select a local Magor solicitor on the Virgin Money conveyancing panel to handle the legals?
Virgin Money don't usually instruct firms on their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Virgin Money list.
After shopping around on the internet I have found a Magor property lawyer having checked that they are on the Kent Reliance conveyancing panel. Does my lawyer arrange the survey of the property?
Kent Reliance will need an independent valuation of the property. Your lawyer will not arrange this. Usually Kent Reliance will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Magor surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Nationwide have agreed my home loan in principle, my bid on a house in Magor has been accepted, what are the next steps?
The estate agent will need to be informed of your property lawyer's details (be sure the lawyers are on the bank’s panel). Telephone Nationwide or the financial adviser and finalise any relevant paperwork. Nationwide will instruct a valuer who will get in touch with the estate agent or vendor to book a slot for the valuation to occur. Once carried out (assuming no problems) it takes about ten days for the mortgage offer to be issued. Nationwide will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Magor.
As co-executor for the estate of my father I am selling a residence in Cardiff but I am based in Magor. My solicitor (who is 260 miles from meneeds me to sign a stat dec before the transaction finalising. Can you recommend a conveyancing practitioner in Magor to attest and place their company stamp on the document?
strictly speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are based in Magor
There are only Fifty years left on my flat in Magor. I now wish to get lease extension but my freeholder is absent. What should I do?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the Court. However, you will be required to prove that you or your lawyers have made all reasonable attempts to track down the lessor. In some cases an enquiry agent may be helpful to try and locate and to produce an expert document to be accepted by the court as proof that the freeholder is indeed missing. It is advisable to get professional help from a property lawyer in relation to investigating the landlord’s disappearance and the vesting order request to the County Court overseeing Magor.
I am the registered owner of a studio flat in Magor, conveyancing formalities finalised in 2007. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Magor with over 90 years remaining are worth £201,000. The average or mid-range amount of ground rent is £45 levied per year. The lease finishes on 21st October 2089
With only 64 years remaining on your lease we estimate the premium for your lease extension to span between £14,300 and £16,400 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.