I was recommended to a lawyer who has sent a quote for £1700 for no sale no fee conveyancing in Raglan. I’m selling a Georgian house for £250,000. Is this over the top? Is it above what I should be paying for conveyancing in Raglan?
The charges are a tad high. If you are willing to spend time scrutinising prices you could shave off some of the expense by say £125. That being said, you couldcome to regret choosing an an untested conveyancer. If is important to be sure the firm can also act for your mortgage company. You can use our search tool to select a Raglan conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Raglan.
My husband and I intend to remortgage our penthouse in Raglan with UBS. We have a son 18 who lives with us. Our solicitor requested us to identify any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is forfeited by the lender. I have a couple of questions (1) Is this document specific to the UBS conveyancing panel as he never had to sign this form when we bought 4 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to UBS. This is solely used to protect UBS if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of UBS had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
As someone not used to conveyancing in Raglan what is the number one tip you can give me concerning the ownership transfer in Raglan
You may not hear this from too many lawyers but conveyancing in Raglan and elsewhere in Monmouthshire is often a confrontational experience. Put another way, when it comes to conveyancing there is an abundance of room for conflict between you and other parties involved in the ownership transfer. For example, the vendor, estate agent and even potentially a bank. Appointing a law firm for your conveyancing in Raglan an important selection as your conveyancer is your adviser, and is the ONE person in the legal process whose interest is to look after your legal interests and to keep you safe.
We are witnessing a distinct increase in the "blame" culture- someone must be at fault for the process taking so long. You your first instinct should be to trust your lawyer above the other parties in the conveyancing process.
Should our conveyancer be raising questions regarding flooding during the conveyancing in Raglan.
Flooding is a growing risk for solicitors dealing with homes in Raglan. There are those who acquire a house in Raglan, fully expectant that at some time, it may suffer from flooding. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or dispose of the property. There are steps that can be taken during the course of a property purchase to forewarn the buyer.
Lawyers are not qualified to give advice on flood risk, but there are a various searches that may be carried out by the buyer or on a buyer’s behalf which can figure out the risks in Raglan. The conventional set of completed inquiry forms sent to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual inquiry of the seller to find out whether the property has suffered from flooding. In the event that the residence has been flooded in past and is not revealed by the seller, then a purchaser may commence a legal claim for losses resulting from an misleading response. The buyer’s solicitors may also conduct an environmental report. This will higlight whether there is any known flood risk. If so, additional investigations will need to be initiated.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Raglan. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Raglan
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
I require the services of a mortgage company panel solicitor in Raglan. Could you help me?
Unfortunately it’s not apparent why you need a Raglan panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the bank to find out which solicitors in Raglan are on their panel . If you do find such a firm in Raglan not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site