My home in Monmouthshire is up for sale and I have accepted an offer. Does the conveyancing practitioner need to be on the Nationwide conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Nationwide conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently currently.
My wife and I are purchasing a property in Monmouthshire. It might be a silly question but how we can trust a solicitor? At some point we have to send money into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
A friend informed me that in purchasing a property in Monmouthshire there may be a number of restrictions as to what one can do in terms of external alterations to the property. Is this right?
There are a number of properties in Monmouthshire which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Monmouthshire should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Can you point me to a directory of Bank of Ireland panel solicitors in Monmouthshire on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such directory service on the CML or Building Society Association sites. Very few mortgage companies make their panel listings open the public over the internet. Where you are seeking to appoint a Monmouthshire property lawyer on the Bank of Ireland please make the most of our tool.
I have todaybeen informed that Stirling Law have been shut down. They carried out my conveyancing in Monmouthshire for a purchase of a leasehold flat 9 months ago. How can I be sure that the property is in my name in the name of the former proprietor?
The easiest method to see if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Monmouthshire conveyancing specialists.
I have just appointed agents to market my garden apartment in Monmouthshire. Conveyancing has not commenced, but I have recently received a quarterly service charge demand – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should discharge the service charge as normal as all rents and service payments should be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until 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.
Monmouthshire Conveyancing for Leasehold Flats - Examples of Questions you should ask Prior to buying
Many Monmouthshire leasehold apartments will have a service charge for maintenance of the building set on behalf of the freeholder. Where you purchase the apartment you will have to meet this charge, normally in instalments accross the year. This may be anything from two or three hundred pounds to thousands of pounds for blocks with lifts and large common areas. There will also be a ground rent to be met yearly, this is usually not a exorbitant sum, say around £50-£100 but you need to enquire it because occasionally it could be prohibitively expensive. The prefered form of lease structure is where the freehold reversion is owned by the leaseholders. In this arrangement the tenants have control and even though a managing agent is frequently retained if it is bigger than a house conversion, the managing agent is directed by the tenants. How much is the ground rent and service charge?
Living abroad I am unable to be present at my Monmouthshire conveyancing solicitors office to sign documents for conveyancing in Monmouthshire – will this be an issue?
Not a problem. Monmouthshire conveyancing lawyers can handle home moves for clients across the country. It is not necessary for you to be able to visit a Monmouthshire conveyancers office. Almost all solicitor can undertake everything via phone, post and email - whatever works for you.