I sincerely hope you can help me. My Newport solicitor is informing me me that he is legally obliged toorder Newport conveyancing searches asthe firm are on the Santanderapproved lawyer panel. Is this really necessary?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with a lender your conveyancing practitioner has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to follow the Council of Mortgage Lenders’ Handbook provisions . Even if you were a cash buyer you would be ill advised not to carry out Newport conveyancing searches.
Are the BSA planning on creating a online directory to list firms on the Coventry BS conveyancing panel for instance in Newport?
We have not been informed any intention on the part of the BSA to promote such a register.
My relative advised me that if I am buying in Newport I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually quoted for as part of the standard Newport conveyancing searches. It is a large report of more than thirty pages, listing and setting out important information about Newport around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Newport Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Newport Education with plans and statistics, Local Amenities and other useful data regarding Newport.
I've recently found out that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a quick, no chain conveyancing. Newport is where the house is located. What do you suggest?
Flying freeholds in Newport are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Newport you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Newport may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I was pointed in your direction by a number of estate agents in Newport to get a quote from a solicitor using your seach tool. What’s the financial advantage for Estate Agents to market your site over another?
We refuse to give any commission for pointing buyers and sellers our way. We found it would be just too difficult to pay a commission as home movers will think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
I am purchasing a house and need a conveyancing solicitor in Newport who is on the mortgage company approved panel. Could you point me in the right direction as regards a Newport solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the lender who do conveyancing in Newport. We dont recommend any particular solicitor.