We are purchasing a 3 bedroom apartment in Chepstow with a mortgage. We have a Chepstow lawyer, however the bank says he's not on their "panel". We have to appoint one of the mortgage company panel conveyancing practices or keep our Chepstow solicitor and pay for one of their panel lawyers to act for them. This feels very unfair; can we not insist that the mortgage company use our Chepstow solicitor ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Chepstow conveyancing lawyer to apply to be on the conveyancing panel.
we are a couple who wish to acquire a newbuild flat in Chepstow with a residential mortgage from Godiva Mortgages Ltd.We use our Chepstow conveyancing solicitor but Godiva Mortgages Ltd informed us she’s not on their "panel". We have to appoint a Godiva Mortgages Ltd panel lawyer or retain our preferred solicitor and pay for a Godiva Mortgages Ltd panel lawyer to act for them. We feel as though this is unjust; Can we not simply insist that Godiva Mortgages Ltd use our lawyer?
Unfortunately,no. The mortgage issued to you contains terms and conditions, one of which will be that conveyancers needs to be on the Godiva Mortgages Ltd conveyancing panel. in the past, most lenders had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Godiva Mortgages Ltd
Will commercial conveyancing searches reveal proposed roadworks that could impact a commercial estate in Chepstow?
Many commercial conveyancing solicitors in Chepstow will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Chepstow. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Chepstow.
For each commercial conveyancing transaction in Chepstow it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could cause delays to Chepstow commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Chepstow.
Just had an offer accepted on a new build flat in Chepstow. 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 legal work.
Here is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Chepstow
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. 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. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan.
I am looking for a ground for flat up to £305k and found one close by in Chepstow I like with a park and station in the vicinity, the downside is that it's only got 52 remaining years left on the lease. There is not much else in Chepstow suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you require a home loan the shortness of the lease may be problematic. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
I am looking for a conveyancing practitioner in Chepstow for my purchase. Can I review a firm’s complaints history with the legal regulator?
One can review published Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Go to Check a solicitor's record. To find information about the period before 1 January 2008, or to check a firm's history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, dial +44 (0)121 329 6800. The SRA sometimes recorded call for training reasons.