Me and my fiance are planning to purchase a 3 bedroom flat in Newbridge with a mortgage. We wish to retain our Newbridge solicitor, however the bank advise she’s not on their "panel". It seems we have little option but to appoint one of the bank panel solicitors or retain our Newbridge property lawyer as well as pay for one of their panel firms to act for them. This seems very unfair; is there anything we can do?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’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. Another option that might be available is for your Newbridge conveyancing lawyer to apply to be on the conveyancing panel.
Can I use your services to locate a Conveyancing solicitor in Newbridge even where I’m not buying or disposing of a house, for example where I wish to acquire a shop in Newbridge with a loan from Chelsea Building Society?
The service is mainly used to select residential conveyancing solicitors in Newbridge but we have set out towards the bottom of this page some Newbridge commercial conveyancing firms. You will need to make contact with the company directly to establish if they are also authorised to represent Chelsea Building Society
In reviewing online forums for an affordable lawyer in Newbridge, most advise that I must instruct a CQS kitemarked solicitor. What is CQS?
The Law Society's Conveyancing Quality Scheme is the recognised quality mark for legal experts in home ownership transfers, trusted by some of the UK's leading mortgage companies. In 2011-12 the Conveyancing Quality Scheme was officially recognised by the Council of Mortgage Lenders (CML). CQS is not a scheme offered by the Society for Licensed Conveyancers. Newbridge is one of the many areas of the UK where there are Accredited solicitors.
I am helping my aunt sell her property in Newbridge. Does the solicitor arrange an EPC or it is for the seller to see to?
After the demise of HIPs, energy performance certificates was retained a compulsory component of moving property. An energy assessment needs to be commissioned prior to the property being marketed. This is not as aspect of the sale process that lawyers normally arrange. If you are using a Newbridge conveyancing lawyer they might help arrange energy performance certificates given their relationships with reputable local energy assessors
Forgive me if this question is silly but I am new to the process as a first time purchaser of a garden flat in Newbridge. Do I collect the keys to the property on the completion date from my solicitor? If so, I will find a local conveyancing solicitor in Newbridge?
On the day of completion you will not be required to attend the conveyancers office in Newbridge. Your solicitors will transfer the purchase money to the owner’s lawyers, and shortly after the monies have arrived, you should be called to receive the keys from the selling Agents and start moving into the property. This tends to happen early afternoon.
I am purchasing a detached bungalow in Newbridge. Our aim is to carry out an extension to the side at the house.Will legal investigations on the property involve enquiries to see if these alterations were previously refused?
Your property lawyer should review the deeds as conveyancing in Newbridge can sometimes reveal restrictions in the title deeds which restrict certain changes or necessitated the consent of a 3rd party. Certain additions call for local authority planning permissions and approval in accordance building regulations. Some locations are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. It would be prudent to check these things with a surveyor ahead of any purchase.
Are there restrictive covenants that are commonly identified as part of conveyancing in Newbridge?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Newbridge. 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…’
There are only 72 years unexpired on my flat in Newbridge. I am keen to extend my lease but my freeholder is missing. What options are available to me?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be lengthened by the magistrate. You will be obliged to prove that you have made all reasonable attempts to locate the freeholder. On the whole an enquiry agent may be helpful to carry out a search and prepare an expert document to be accepted by the court as evidence that the freeholder is indeed missing. It is advisable to get professional help from a property lawyer in relation to investigating the landlord’s disappearance and the application to the County Court overseeing Newbridge.
I purchased a studio flat in Newbridge, conveyancing formalities finalised 5 years ago. Can you work out an approximate cost of a lease extension? Comparable flats in Newbridge with over 90 years remaining are worth £206,000. The average or mid-range amount of ground rent is £45 levied per year. The lease finishes on 21st October 2088
With 67 years left to run we estimate the premium for your lease extension to be between £10,500 and £12,000 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.