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Find a Chepstow Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Chepstow? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Chepstow home move at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Chepstow conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Chepstow

I am acquiring an apartment in Chepstow. My lawyer is not on the mortgage company solicitor list. Can I still continue with my Chepstow conveyancing solicitor notwithstanding that they are excluded from the mortgage company panel of approved conveyancing solicitors?

Various options include

  • Complete the deal with your preferred Chepstow conveyancing practitioner but your mortgage company will undoubtedly instruct a lawyer from their approved panel. The net result is additional charges together with potential delay.
  • Choose a fresh lawyer to conduct the conveyancing, obviously checking they are on the lender conveyancing panel.
  • Convince your conveyancer to do everything possible to join the bank’s panel of solicitors

I am looking to buy a flat and need a conveyancing solicitor in Chepstow who is on the Platform Home Loans Ltd conveyancing. Could you point me in the right direction as regards a conveyancing firm?

Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Platform Home Loans Ltd in certain locations such as Chepstow. We dont recommend any particular firm.

We had selected conveyancing lawyers with offices in Chepstow on the Santander solicitor panel. They are now charging me a separate fee for handling the Santander mortgage. Is this an additional conveyancing fee specified by Santander?

As unfair as it may appear, as long as it’s in their Terms of Engagement or estimate then yes your solicitor can levy a fee for this. This fee is not dictated by Santander but by your Chepstow conveyancer. Plenty of firms on the Santander panel will charge an ‘acting for lender’ fee but many practices include it on their overall fee.

I can not work out if my bank requires a lease extension. I have telephoned my Chepstow building society branch on numerous occasions and was told it does not affect the mortgage offer and they would lend. My Chepstow conveyancing solicitor - who is on the lender conveyancing panel- called and was told they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.

The property lawyer must comply with the CML Handbook Part 2 specifications for your bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.

Our offer on a detached house in Chepstow has been accepted, the sellers do nevertheless have an associated purchase. The owners have put an offer on somewhere, however it’s not been accepted yet, and are looking at other properties booked. I have selected a nearby conveyancing solicitor in Chepstow. What do I do now? When should I get the mortgage application with Coventry BS started?

It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is in the region of one thousand pounds, then valuation, Chepstow conveyancing search fees, etc). First, you must ensure that your property lawyer is on the Coventry BS approved list. Regarding the subsequent phase this very much depends on the circumstances of your case, motivation for this property and on the state of the market. During a buoyant market the majority of purchasers would apply for the mortgage with Coventry BS and pay for the valuation and only if it was satisfactory would they request their property lawyer to proceed with searches.

I am looking into buying my first house which is in Chepstow and I am already nervous. I couldn't find anything specific about Chepstow. Conveyancing will be needed in due course but do you know about the Chepstow area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Chepstow. In the meantime here are some basic statistics that we found

Estate agents have just been given the go-ahead to market my ground floor apartment in Chepstow. Conveyancing has not commenced, but I have recently received a quarterly service charge invoice – should I leave it to the buyer to sort out?

Your conveyancing lawyer is likely to suggest that you should pay the service charge as usual because all ground rent and maintenance invoices should be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.

I am the registered owner of a 1 bedroom flat in Chepstow, conveyancing was carried out half a dozen years ago. Can you work out an approximate cost of a lease extension? Similar properties in Chepstow with a long lease are worth £195,000. The ground rent is £45 yearly. The lease runs out on 21st October 2087

With only 63 years unexpired the likely cost is going to be between £16,200 and £18,600 plus costs.

The figure above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.

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Chepstow

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