A relative informed me that in purchasing a property in Monmouth there may be a number of restrictions prohibiting external alterations to the property. Is this right?
We are aware of a number of properties in Monmouth which have some sort of restriction or requirement of consent to external changes. Part of the conveyancing in Monmouth should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My wife and I are in the throws of viewing apartments in Monmouth and I am now considering a potential offer. Should I already have a property lawyer appointed at this point? I am planning to take a mortgage with Virgin Money.
You should start requesting conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. As you are obtaining a mortgage with Virgin Money, ask your prospective lawyers if they are on the Virgin Money conveyancing panel otherwise they can't do the mortgage legal work.
I have decided to exercise my right to buy my property in Monmouth off the council. I have a mortgage agreed with Lloyds. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Lloyds, you will need to appoint a solicitor on the Lloyds conveyancing panel.
I am intent on selling our home in Monmouth and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. Any high street Monmouth lawyer would know this is not the case. For the life of me I don't know why the buyers instructed a factory type conveyancing practice as opposed to a conveyancing solicitor in Monmouth. We have lived in Monmouth for six years we know that this is a non issue. Do we contact our local Authority to obtain clarification need.
It sounds as though you may have a conveyancing solicitor already. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
How does conveyancing in Monmouth differ for new build properties?
Most buyers of new build property in Monmouth contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is constructed. This is because builders in Monmouth typically buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Monmouth or who has acted in the same development.
I decided to have a survey carried out on a property in Monmouth prior to instructing lawyers. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some mortgage companies will refuse to issue a mortgage on such a home.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. Should you wish to telephone us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Monmouth. Conveyancing will be smoother if you use a solicitor in Monmouth especially if they regularly deal with such properties in Monmouth.
I am using a search engine for the words conveyancing in Monmouth it reveals many property lawyersin the vicinity. With so much choice what is the best way to find the suitable solicitor for my move?
The preferential method of finding the right conveyancer is through a trusted recommendation, so ask colleagues and family who have purchased a property in Monmouth or a respected estate agent or financial adviser. Costs for conveyancing in Monmouth differ, so it's a good idea to secure at least four estimates from different companies. Be sure to seek confirmation that the fees are fixed.
To what extent are Monmouth conveyancing solicitors duty bound by the Law Society to issue transparent conveyancing costs?
Contained within the Solicitors Code of Conduct are prescriptive rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their fees to clients.The Law Society have a practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not intended as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, however, constitute the Law Society’s view of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Monmouth or across England and Wales.