I am in a contract race with another prospective purchaser for a property in Bassaleg. What can be done to expedite the conveyancing process?

In a situation where you are under pressure to exchange we would recommend that your solicitor is familiar with the location as they will make use of local relationships and knowledge. It is even conceivable that they may have handled otherproperties in the same street. You would be best advised to use a Bassaleg conveyancing lawyer. In addition, make sure that the conveyancing firm is on the on the approved list for your mortgage company. It is understood that just under twenty per cent of Bassaleg conveyancing deals are delayed or jeopardised after discovering a purchaser’s solicitor was not on their mortgage lender’s list of approved solicitors. In many cases this discovery resulted in the conveyancing being held up by almost 21 days. It is understood that this issue affects approximately 100,000 home moves annually. Most Bassaleg conveyancing practices can not act for certain banks so do check as early as possible.

We wish to acquire a newly converted flat in Bassaleg with a homeloan from HSBC Bank.We would like to retain our Bassaleg conveyancing lawyer but HSBC Bank advised that her practice is not on their "panel". We have to appoint a HSBC Bank panel lawyer or keep our preferred solicitor and fork out for a HSBC Bank panel lawyer to represent them. This seems very unfair; Can we not simply insist that HSBC Bank use our lawyer?

No, not really. The loan issued to you is subject to its various provisions, one of which will be that lawyers must be on the HSBC Bank approved list. in the past, most mortgage companies had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for HSBC Bank

What is the difference between a licensed conveyancer and conveyancing solicitor in Bassaleg

There are many recorded licenced Conveyancers in Bassaleg and Solicitor firms in Bassaleg to choose from It is important to make clear that both are regulated professionals specialising in the legal aspects of the home buying process. They may both also handle associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.

We are planning to move property in January. Will my conveyancing solicitor communicate with the removal company on the day of completion. As an aside, can you suggest a removal company in Bassaleg. Conveyancing lawyer was organised prior to coming across your page.

On the day of completion you can pick up the house keys from the estate agent but this should only take place once the previous owners solicitors advise the agent that the monies to complete are in and the keys can be collected. You will need to inform the removal men that you are ready to move in. As a matter of policy we do not recommend a particular removal organisation but can help you locate a residential property solicitor in Bassaleg or a lawyer that specialises in conveyancing in Bassaleg.

Nationwide have agreed my home loan in principle, my bid on a apartment in Bassaleg has been accepted, what are the next steps?

Your property agent will wish to know who your solicitors are (ensure that the lawyers are on the lender’s panel). Telephone Nationwide or the financial adviser and complete any relevant paperwork. Nationwide will appoint a valuer who will get in contact with the selling agent or owners to schedule an appointment. Once carried out (assuming no problems) it takes on average ten days to receive the mortgage offer. Nationwide will issue the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Bassaleg.

I have todayfound out that Action Conveyancing have been shut down. They carried out my conveyancing in Bassaleg for a purchase of a leasehold flat 18 months ago. How can I be sure that the property is not still registered in the name of the previous owner?

The easiest method to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Bassaleg conveyancing specialists.

I’m about to sell my 2 bed apartment in Bassaleg. Conveyancing has not commenced, but I have recently had a quarterly maintenance charge demand – what should I do?

It best that you clear the maintenance contribution as you normally would because all ground rent and service charges should be allotted on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.

I invested in buying a split level flat in Bassaleg, conveyancing formalities finalised 6 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Bassaleg with over 90 years remaining are worth £181,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease ceases on 21st October 2076

With only 51 years unexpired we estimate the premium for your lease extension to be between £30,400 and £35,200 plus legals.

The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.