My lawyer in Rogerstone has never been on on the Approved Panel. Can I still continue with my family solicitor even though they are excluded from the panel?
The limited options available to you here include:
- Carry on with your preferred Rogerstone solicitors but will need to retain a conveyancer on their panel. This will result in additional overall conveyancing fees and cause frustration.
- Get a new solicitor to to deal with the conveyancing, obviously checking they are on the len panel
I am looking for a flat up to £235,500 and found one close by in Rogerstone I like with a park and railway links in the vicinity, the downside is that it only has 49 remaining years left on the lease. I can't really find anything else in Rogerstone for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan that many years will likely be a potential deal breaker. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
Do I need to be suspicious about 3rd parties that I am dealing with are suggesting a nationwide conveyancing firm rather than a local Rogerstone conveyancing firm?
As with many professional services, often recommendations from connections can be extremely useful or valuable. Nevertheless there are numerous parties with a vested interest in a conveyancing deal; estate agents, mortgage brokers and lenders might all suggest solicitors to select. Sometimes these solicitors might be known to one of the organisations as one of the best in their field, but occasionally there exists a financial incentive behind the recommendation. You are free to select your own lawyer. Don't forget that most banks operate an approved list of lawyers you must use for the mortgage related work in your home move.