My partner’s mother is a property lawyer. I am hopeful that I can be offered preferential fee for conveyancing, but if not, what kind of figure would I typically be looking at for conveyancing in Newport?
It’s advisable to request multiple conveyancing quotes. Do use our search tool on this page. The charges seem to be different but the service one can expect are distinct between law firms as is the case with the vast majority of professional services.
My god-son is buying a house that has just been built in Newport with a home loan from Virgin Money. His solicitor has said that there is a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The document is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Virgin Money conveyancing panel as a standard part of the process, and to the valuer when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Virgin Money conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Why do I have to pay up front when it comes to conveyancing in Newport?
Where you are retaining lawyers for conveyancing in Newport your solicitor will request that you place them with monies to cover the the cost of the conveyancing searches. Normally this is needed to cover the fees of the conveyancing searches. If any deposit is payable against the total price then this should be needed immediately in advance of contracts are exchanged. The final balance that is due should be transferred shortly before completion.
My wife and I have a terraced Victorian house in Newport. Conveyancing lawyer represented me and Clydesdale. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold with the exact same address. Is it worth asking Clydesdale to clarify?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Newport and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with your conveyancing lawyer who completed the work.
I opted to have a survey completed on a house in Newport ahead of instructing lawyers. I have been told that there is a flying freehold overhang to the property. Our surveyor advised that some banks will refuse to grant a loan on a flying freehold property.
It varies from the lender to lender. Santander has different requirements from Nationwide. Should you wish to call us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Newport. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Newport to see if the conveyancing will be more expensive.