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Find a Newport Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Newport

I have an AIP. The lender mentioned the home loan came with free conveyancing. Does this mean I have to instruct their panel lawyer as I would prefer to use a high street conveyancing solicitor in Newport?

Do check but the chances are that give you one of their panel lawyers where you accept the "fee-free" incentive. Contact the mortgage company to explore if they allow a monetary alternative. Some mortgage companies have previously offered a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor near Newport.

When it comes to lenders such as RBS, do Newport property lawyers have to pay an annual charge to be on the list of approved solicitors?

We are not aware of any mortgage company fees to be on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.

Does a directory service exist listing Skipton panel solicitors in Newport 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 lenders make their panel listings visible over the internet. If you are seeking to appoint a Newport conveyancing practitioner on the Skipton please use our tool.

is it true that all Newport conveyancing solicitors on the Bank of Ireland conveyancing panel are governed by the SRA?

As solicitors, in order to be on the Bank of Ireland conveyancing panel they would need to be governed by the SRA. Some banks do permit licenced conveyancers on their panel and in such a situation the practice would be governed by the CLC.

I have been told that property searches are the number one cause of hinderance in Newport conveyancing transactions. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) published determinations of research by MoveWithUs that conveyancing searches do not feature within the common causes of delays in the conveyancing process. Searches are unlikely to feature in any holding up conveyancing in Newport.

Are there restrictive covenants that are commonly identified as part of conveyancing in Newport?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Newport. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I am looking at a couple of apartments in Newport which have approximately 50 years remaining on the lease term. Should I regard a short lease as a deal breaker?

There is no doubt about it. A leasehold apartment in Newport is a wasting asset as a result of the shortening lease. The nearer the lease gets to zero years unexpired, the more it adversely affects the value of the property. The majority of buyers and banks, leases with under eighty years become less and less marketable. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Newport conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I own a 1st floor flat in Newport, conveyancing having been completed April 2006. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Newport with a long lease are worth £206,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease finishes on 21st October 2088

With just 66 years left to run we estimate the premium for your lease extension to range between £12,400 and £14,200 as well as legals.

The figure above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of detailed investigations. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.

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