Me and my husband are buying an apartment in Monmouth. My lawyer has never been on on the bank approved list. Am I still permitted to continue with my Monmouth conveyancing solicitor even though they are not on the lender approved list?
You must appoint a lawyer to deal with the formalities if you take out a loan to purchase your property. The conveyancer will conduct all the necessary due diligence on the property, ensuring that you will be properly registered as the owner and ensure that all the necessary mortgage paperwork is in order. One can appoint a Monmouth conveyancing practitioner of your choosing. Nevertheless, if the lawyer appointed is not on the mortgage company approved list supplemental costs will be levied as separate legal representation will be need by the mortgage company. Bank panel applications can be submitted, so where your lawyer has not in the past applied for membership they should do so.
Me and my partner are soon to complete on the purchase of a property in Monmouth but as a consequence of wreckage from a small fire at the property I have managed to agree compensation from the seller of three thousand pounds by way of a adjustment in the price. I had intended this to be addressed as part of amending the contract yet Skipton will not agree to this. Should they have been informed?
The conveyancer being on a Skipton conveyancing panel is duty bound to advise Skipton of any variations to the purchase price. If you prohibit your solicitor to notify the price change to Skipton then they would have to discontinue acting for you. In addition, Skipton and you would have to appoint a new conveyancer for your conveyancing in Monmouth.
I note that there are debates on Chancel Insurance on online forums. Am I compelled to have this when buying a property in Monmouth? or Apparently there is a law dating back centuries that could mean that house owners living in a parish church boundary will be compelled to pay for repairs to the chancel within the church. Is this appropriate for conveyancing in Monmouth?
Unless a prior acquisition of the premises took place after 12 October 2013 you can take it that solicitors carrying out conveyancing in Monmouth to continue to propose a a chancel search and or chancel repair liability insurance.
I have justbecome aware that Wolstenholmes have been shut down. They carried out my conveyancing in Monmouth for a purchase of a leasehold apartment 18 months ago. How can I establish that my home is not still registered in the name of the former proprietor?
The quickest method to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Monmouth conveyancing specialists.
As co-executor for the will of my grandmother I am selling a residence in Swansea but reside in Monmouth. My lawyer (who is 235 miles from meneeds me to execute a stat dec ahead of the transaction finalising. Could you suggest a conveyancing solicitor in Monmouth to attest this legal document for me?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are Monmouth based
Having had my offer accepted I require leasehold conveyancing in Monmouth. Before diving in I require certainty as to the number of years remaining on the lease.
Assuming the lease is registered - and almost all are in Monmouth - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I invested in buying a 2 bed flat in Monmouth, conveyancing having been completed 9 years ago. How much will my lease extension cost? Equivalent properties in Monmouth with a long lease are worth £211,000. The ground rent is £50 yearly. The lease ends on 21st October 2093
With 68 years left to run we estimate the premium for your lease extension to be between £9,500 and £11,000 plus costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.