I am hoping to receive a mortgage offer from Halifax. I would like to use a Licensed Conveyancer in Rogerstone. Does the Halifax Conveyancing panel include conveyancers regulated by the CLC?
The Halifax conveyancing panel is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
What is the first thing I need to know regarding purchase conveyancing in Rogerstone?
Not many law firms or advisers will tell you this but conveyancing in Rogerstone and elsewhere in Newport is often a confrontational experience. In other words, when it comes to conveyancing there is plenty of room for friction between you and others involved in the ownership transfer. For instance, the vendor, property agent and even potentially the lender. Appointing a lawyer for your conveyancing in Rogerstone should not be taken lightly as your conveyancer is your adviser, and is the SOLE person in the transaction whose responsibility is to look after your legal interests and to keep you safe.
Sometimes a third party with a vested interest will attempt to persuade you that you should follow their advice. For example, the selling agent may claim to be helping by suggesting your lawyer is wrong. Or your mortgage broker may tell you to do something that is against your conveyancers recommendation. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
I note that there are debates on Chancel Insurance on online forums. Do I require chancel insurance when acquiring a residence in Rogerstone? or Apparently there is a law dating back centuries that could mean that house owners residing in a parish church boundary may be liable to contribute towards repairs towards the chancel in proximity to the church. Is this a legitimate concern for conveyancing in Rogerstone?
Unless a prior purchase of the property took place after 12 October 2013 you could take it that conveyancing practitioners handling conveyancing in Rogerstone to continue to advocate a chancel search and or chancel repair liability insurance.
Are there restrictive covenants that are commonly identified as part of conveyancing in Rogerstone?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Rogerstone. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am buying a new build apartment in Rogerstone. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Rogerstone
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Please supply a car parking plan. Please confirm the Lease plans are architect prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Forfeiture - bankruptcy or liquidation must not apply under this provision.
I have been on the look out for a leasehold apartment up to £195,000 and found one round the corner in Rogerstone I like with amenity areas and railway links in the vicinity, the downside is that it's only got 51 years on the lease. There is not much else in Rogerstone for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a home loan that many years will likely be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.