Due to move into my new home in Newent next Tuesday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as she informs me that she is duty bound to validate that it is in order for the mortgage company. What risks does the bank expect the insurance to cover?

All property lawyers on acting for lenders would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s UK Finance Lenders’ Handbook conditions. These requirements are not limited to conveyancing in Newent.

We see that you have a post code search directory identifying solicitors on the Coventry BS conveyancing panel. Do firms pay you a commission if I retain them for our conveyancing in Newent?

We are a listing service only for law firms wishing to communicate if they are on the Coventry BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Newent.

A friend pointed out to me me that in buying a property in Newent there could be various restrictions affecting the ability to carry out external alterations to the property. Is this right?

There are a number of properties in Newent which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Newent should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

The formalities of my remortgage has taken place for my property in Newent. Conveyancing was of an acceptable standard but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?

All lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are sorted out effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.

My offer on a property in Newent has been agreed to, the vendors do however have a dependent purchase. The owners have put an offer on a property, however it’s not yet tied up, and are looking at other properties in the pipeline. I have instructed a high street conveyancing solicitor in Newent. What do I do now? When should I get the mortgage application with Aldermore going?

It is understandable to have apprehensions where there is a chain as you are unlikely to want to incur costs too early (home loan application is in the region of one thousand pounds, then survey, Newent conveyancing search costs, etc). First, you should check that your conveyancer is on the Aldermore approved list. As to the next stages this very much dictated by the uniqueness of your case, desire for the property and on the state of the market. During a rising market some buyers would apply for a home loan with Aldermore and arrange for the valuation and only if it was satisfactory would they request their property lawyer to proceed with the conveyancing in Newent.

How does conveyancing in Newent differ for newly converted properties?

Most buyers of new build property in Newent approach us having been asked by the developer to sign contracts and commit to the purchase even before the property is finished. This is because developers in Newent tend to 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 Newent or who has acted in the same development.

There are only 68 years remaining on my lease in Newent. I now want to extend my lease but my landlord is absent. What should I do?

If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. You will be obliged to prove that you have made all reasonable attempts to find the lessor. For most situations an enquiry agent would be helpful to carry out a search and to produce a report to be accepted by the court as evidence that the landlord is indeed missing. It is advisable to get professional help from a solicitor both on investigating the landlord’s disappearance and the vesting order request to the County Court overseeing Newent.

Newent Leasehold Conveyancing - A selection of Queries before Purchasing

Plenty Newent leasehold flats will have a service charge for the upkeep of the block levied on behalf of the management company. Where you buy the flat you will have to meet this amount, usually periodically during the year. This may be anything from a few hundred pounds to thousands of pounds for large purpose-built blocks. There will also be a ground rent for you to pay yearly, this is usually not a significant amount, say around £25-£75 but you need to check as on occasion it can be prohibitively expensive. What restrictions are there in the Newent Lease? Generally speaking the cost for major works tend not to be built into the maintenance charges, albeit that a few managing agents in Newent ask tenants to contribute towards a reserve fund created for the specific purpose of establishing a fund for major repairs or maintenance.