Find a Usk Conveyancing Solictior on Your Lender’s Panel

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

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

Recently asked questions about conveyancing in Usk

I just acquired a flat at auction in Usk. Conveyancing is required. What are my next steps?

Now that you are exchanged you must choose a conveyancing lawyer quickly as you will have a tight a fixed date to complete the property. All auction property should have an associated legal set of papers. This will include the copy title deeds, local authority and drainage searches. If you have purchased leasehold property the legal pack should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to leasehold premises. You should hand this to your appointed conveyancing solicitor at the earliest opportunity. You also need to ensure that that you have the requisite funding in place to complete on the date specified in the contract.

We previously chose solicitors with offices in Usk on the Co-operative solicitor approved list. They have just billed me a further sum for dealing with the Co-operative mortgage. Is this an additional conveyancing fee specified by Co-operative?

As unfair as it may seem, as long as it’s in their Terms of Engagement or Quote then yes your conveyancer can levy a fee for this. This fee is not dictated by Co-operative but by your Usk solicitor. Some firms on the Co-operative panel will charge an ‘acting for lender’ fee and others do not.

After much negotiation I have agreed a price on an apartment in Usk. My financial adviser recommended their conveyancers. I paid an upfront payment of £150. A couple of days later, the solicitor contacted me to say that they were not on the Virgin Money conveyancing panel. Am I right in thinking that I should be due a refund?

You should be able to recover this from the law firm if they were not on the Virgin Money panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

I need some fast conveyancing in Usk as I am under a deadline to sign on the dotted line within one month. Luckily I do not need a mortgage. Is it possible to decline from having conveyancing searches to save fees and time?

If.Given you are are a cash buyer you have the choice not to do searches although no conveyancer would suggest that you don't. Drawing on years of experience of conveyancing in Usk the following are instances of what can be revealed and adversely impact future saleability: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Railway Schemes,...

I decided to have a survey completed on a property in Usk ahead of instructing conveyancers. I have been advised that there is a flying freehold element to the house. My surveyor has said that some banks will not grant a loan on a flying freehold property.

It varies from the lender to lender. Santander has different instructions for example to Nationwide. If you call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Usk. Conveyancing may be slightly more expensive based on your lender's requirements.

I'm refinancing my primary property to a buy to let loan with Chelsea Building Society and I will use the rest of the raised equity as a deposit on a second house. The location we are interested in is Usk. Will your conveyancers be able to act for both sets of mortgage companies and link together the two deals?

Do use our search tool on this page to be sure that the lawyers are on the appropriate lender panels. Assuming that they are the conveyancer should be able to tie up the two transactions but you should have a chat with you conveyancer and specify your expectations and requirements.

What makes a Usk lease unacceptable for security purposes?

Leasehold conveyancing in Usk is not unique. All leases are unique and legal mistakes in the legal wording can result in certain clauses are missing. For example, if your lease is missing any of the following, it could be defective:

    Insurance obligations

A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Nationwide Building Society, Virgin Money, and Aldermore all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to grant the mortgage, forcing the buyer to pull out.

I own a 2 bed flat in Usk, conveyancing formalities finalised June 2004. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Usk with over 90 years remaining are worth £202,000. The ground rent is £60 invoiced annually. The lease ends on 21st October 2076

You have 57 years remaining on your lease the likely cost is going to be between £28,500 and £33,000 plus legals.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.

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Find out more about how flying freehold can affect your the value of a property.