I am expecting a mortgage offer from Santander. My intention is to instruct a Licensed Conveyancer in Monmouth. Does the Santander Conveyancing panel include Licensed Conveyancers?
The Santander conveyancing panel is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
Would the conveyancing practitioners revealed through your search app perform right to buy conveyancing in Monmouth?
We work with a number of conveyancing conveyancers who can conduct right to buy transactions Do get in touch with us with a view to secure a conveyancing quote.
I own a freehold residence in Monmouth yet charged rent, why is this and what is this?
It is rare for properties in Monmouth and has limited impact for conveyancing in Monmouth but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
Will our lawyer be making enquiries regarding flooding as part of the conveyancing in Monmouth.
The risk of flooding is if increasing concern for lawyers specialising in conveyancing in Monmouth. Some people will buy a house in Monmouth, fully aware that at some time, it may suffer from flooding. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or dispose of the premises. There are steps that can be taken during the course of a property purchase to forewarn the buyer.
Lawyers are not best placed to offer advice on flood risk, but there are a various checks that may be initiated by the buyer or on a buyer’s behalf which can give them a better appreciation of the risks in Monmouth. The conventional set of information given to a buyer’s lawyer (where the Conveyancing Protocol is adopted) includes a standard question of the seller to determine if the premises has suffered from flooding. If flooding has previously occurred and is not notified by the vendor, then a purchaser may bring a claim for damages as a result of such an misleading response. A buyer’s lawyers may also conduct an environmental report. This should indicate if there is any known flood risk. If so, more detailed inquiries should be conducted.
I am employed by a busy estate agency in Monmouth where we see a number of flat sales jeopardised as a result of short leases. I have been given contradictory information from local Monmouth conveyancing solicitors. Could you clarify whether the seller of a flat can commence the lease extension process for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Monmouth Conveyancing for Leasehold Flats - A selection of Queries Prior to buying
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It would be wise to find out as much as you can regarding the managing agents as they will either make your living at the property much easier or much more difficult. Being a leasehold owner you are often in the clutches of the managing agents from a financial perspective and when it comes to practical matters like the tidiness of the common parts. Don't be afraid to ask other people whether they are happy with them. Finally, be sure you know the dates that you are obliged pay the service charge to the managing agents and precisely how they are spending the funds. In the main the outlay for major works are not included within service charges, albeit that some managing agents in Monmouth obliged tenants to contribute towards a reserve fund and this is used to offset against major repairs or maintenance. Does the lease include onerous restrictions?
I have been searching for Monmouth competitive conveyancing fees. Can I be confident that all the Monmouth firms that are identified on your directory are on the mortgage company conveyancing panel?
The law firms listed on our site have advised us that they are on the lender panel and agreed to advise us to take down their listing in the event of removal off of the lender panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific Monmouth conveyancing solicitor being on the lender conveyancing panel is incorrect.