We are purchasing a 2 bedroom flat in Mancot with a mortgage. We wish to retain our Mancot solicitor, but the bank says he's not on their "panel". We have to appoint one of the bank panel solicitors or retain our Mancot solicitor as well as pay for one of their panel firms to act for them. This feels very unfair; can we not require that the lender use our Mancot property lawyer ?
Unfortunately,no. The mortgage offered to you 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 Mancot conveyancing lawyer to apply to be on the conveyancing panel.
Will commercial conveyancing searches reveal planned roadworks that may affect a commercial property in Mancot?
Many commercial conveyancing solicitors in Mancot will perform 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 Mancot. The report provides definitive information 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 Mancot.
For each commercial conveyancing transaction in Mancot it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can cause delays to Mancot commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Mancot.
How does conveyancing in Mancot differ for new build properties?
Most buyers of new build residence in Mancot come to us having been asked by the seller to sign contracts and commit to the purchase even before the property is built. This is because developers in Mancot usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Mancot or who has acted in the same development.
Are there any apps to assist me to search for a Mancot solicitor on the Virgin Money conveyancing panel? I have wheels and am prepared to travel upto 20kilometers to meet the lawyer.
Feel free to make use of the facility on this website. Please pick a lender and your location and you will see a number of Mancot conveyancing lawyers located nearest you. We have detailed some Mancot conveyancing firms towards the end of this page and you can ring them to see if they are on the Virgin Money approved list
As co-executor for the will of my uncle I am disposing of a property in Newport but reside in Mancot. My conveyancer (approximately 250 kilometers from merequires that I sign a stat dec ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Mancot to attest and place their company stamp on the document?
Technically speaking you should not be required to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will do regardless of whether they are Mancot based
My wife and I purchased a leasehold house in Mancot. Conveyancing and Barclays Direct mortgage went though with no issue. I have received a letter from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1996. The conveyancing solicitor in Mancot who acted for me is not around. Any advice?
The first thing you should do is contact HMLR to make sure that the individual purporting to own the freehold is in fact the new freeholder. You do not need to incur the fees of a Mancot conveyancing solicitor to do this as it can be done on-line for less than a fiver. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I invested in buying a 1 bedroom flat in Mancot, conveyancing was carried out 8 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Mancot with over 90 years remaining are worth £192,000. The ground rent is £55 yearly. The lease comes to an end on 21st October 2080
With 54 years remaining on your lease we estimate the premium for your lease extension to be between £32,300 and £37,400 plus costs.
The figure above a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.