Are all Newtown Conveyancing Quality Solicitors on the Nationwide conveyancing panel?

It is true that some lenders now make use of the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to join their panels.

Is it the case that all Newtown solicitor practices on the Yorkshire BS conveyancing panel are overseen by the SRA?

As solicitors, in order to be on the Yorkshire BS approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. Many banks do allow licenced conveyancers on their panel and in such a situation the practice would be regulated by the Council of Licensed Conveyancers.

I can not fathom if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Newtown bank branch on numerous occasions and was advised it wasn't a problem and they would lend. My Newtown conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they would not lend based on their specific requirements. I have no idea who is right.

As long as the lawyer is on the bank panel, they must follow the CML Handbook conditions for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.

My friend recommended that if I am buying in Newtown I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?

This is a search is usually included in the estimate for your Newtown conveyancing searches. It is a large document of more than thirty pages, listing and detailing significant information about Newtown around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Newtown Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Newtown Education with plans and statistics, Local Amenities and other useful information about Newtown.

I have been on the look out for a leasehold apartment up to £305k and identified one round the corner in Newtown I like with amenity areas and railway links nearby, the downside is that it's only got 61 years unexpired on the lease. I can't really find anything else in Newtown in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?

If you require a home loan the shortness of the lease will be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.

How can the Landlord & Tenant Act 1954 affect my commercial property in Newtown and how can you help?

The particular law that you refer to affords protection to business lessees, giving them the a statutory right to apply to court for a renewal lease and continue in occupation at the end of an expired lease. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Newtown is one of the many areas of the UK in which the firms we work with have offices

Is there an average conveyancing fee for conveyancing in Newtown?

The average fee last year for conveyancing in Newtown was £1,419 not including Land Tax and Land Registry fees.