My wife and I are buying a leasehold flat in Newport. My Conveyancer is not on the mortgage company approved list. Is it possible for me to retain my Newport conveyancing solicitor notwithstanding that they are not on the bank list of approved lawyers?
You must appoint a solicitor to complete the formalities if you take out a loan to purchase your home. The solicitor will carry out all the essential due diligence on the property, make sure that you’re properly registered as the owner and ensure that all the required mortgage paperwork is in order. You can select a Newport conveyancing practitioner of your choice. However, if the property lawyer selected is not a member of the bank approved list supplemental costs will be levied as separate legal representation will be required by them. Conveyancing panel applications may be submitted, so provided your conveyancer has not historically applied for membership they should do so.
We are about to sign contracts for a freehold house in Newport. We encountered a snag. The mortgage offer with Accord Mortgages Ltd expires on 23/6/2025 but the sellers are insisting on a completion date of 25/6/2025. Can one extend the loan offer?
The person best placed to address this concern is your conveyancer who will hopefully assess if he or she is better off negotiating with the bank, owner’s lawyers, estate agents or conceivably all three taking into account what has gone on in your transaction as of today.
Do I have to pop into the offices of the solicitor to sign the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Newport so that I can attend their offices when needed.
Nowadays approved lawyers for mortgage companies undertake all of the work through Royal Mail, e-mail or over phone calls. This enables them to carry out the conveyancing transaction no matter where you live in the country. That being said you should see if you have the option of going to the offices of your conveyancing lawyer if you prefer.
Me and my brother have a renovated Edwardian house in Newport. Conveyancing practitioner represented me and Lloyds TSB Bank. I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Newport and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with your conveyancing lawyer who conducted the conveyancing.
Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what was supposed to be a quick, chain free conveyancing. Newport is the location of the property. Can you shed any light on this issue?
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 must be sure that your lawyer goes through the deeds thoroughly. 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 property.
As co-executor for the estate of my uncle I am disposing of a house in Neath but I am based in Newport. My solicitor (approximately 250 miles from mehas requested that I execute a statutory declaration before completion. Can you recommend a conveyancing practitioner in Newport to witness this legal document for me?
Technically speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will suffice regardless of whether they are based in Newport