I plan on purchasing a ground floor flat in Monmouthshire. My property lawyer is not on the lender approved list. Is it possible for me to retain my Monmouthshire conveyancing solicitor notwithstanding that they are excluded from the bank panel of approved conveyancing solicitors?
You have a couple of options available to you here
- Carry on with your chosen Monmouthshire property lawyer but your mortgage company will undoubtedly retain a conveyancer on their approved panel. This will result in additional cost and potential frustration.
- Get a fresh conveyancer to conduct the conveyancing, ensuring that they are on the lender conveyancing panel.
- Convince your conveyancer to pull out all the stops to get accepted on the mortgage company conveyancing panel
We are looking to buy a flat and need a conveyancing solicitor in Monmouthshire who is on the Aldermore conveyancing panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Aldermore . We don't recommend any particular firms conducting conveyancing in Monmouthshire.
I am considering refinancing my home in Monmouthshire, does my lawyer have to be on the TSB Solicitor panel?
In theory, you could use a solicitor that is not on the TSB conveyancing panel, but TSB would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
How does conveyancing in Monmouthshire differ for new build properties?
Most buyers of new build or newly converted property in Monmouthshire come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is built. This is because new home sellers in Monmouthshire typically purchase the land, 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 used to new build conveyancing in Monmouthshire or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what was supposed to be a quick, no chain conveyancing. Monmouthshire is the location of the property. Can you offer any guidance?
Flying freeholds in Monmouthshire are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Monmouthshire you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Monmouthshire may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.