I am purchasing a terraced house in Magor. How practical is it for me to do the conveyancing?

Leaving aside the complexities and merits of DIY conveyancing in Magor you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Magor.

My bid for a property was accepted at auction in Magor. Conveyancing is required. What is next?

Having legally bound yourself to purchase you must instruct a conveyancing solicitor as a matter of urgency as you are facing a tight deadline in which to complete the transaction. An auction property will ordinarily have a corresponding auction pack. This will include evidence of title and search results. Where you are dealing with leasehold property the auction papers may include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to leasehold premises. You need to hand this to the conveyancer instructed by you at the earliest opportunity. You also need to ensure that you have funds in place to complete the transaction on the set completion date.

I have been advised by my conveyancer that restrictive coveneant insurance is required on my purchase. What is the level of cover for Magor conveyancing?

The right level of restrictive coveneant indemnity insurance depends on who your lender is. It would differ for example between National Westminster Bank and Coventry Building Society. Conveyancing solicitors as opposed to borrowers take out such insurances.

Having digested plenty of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Magor solicitor - who is on the Co-operative conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?

Co-operative will need an independent valuation of the property. Your lawyer will not arrange this. Usually Co-operative will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Magor postcode. As you are getting a mortgage with Co-operative, you could contact them to see if they have a list of approved surveyors in Magor.

Despite weeks of looking the Title Certificate and documents to my home are lost. The solicitors who conducted the conveyancing in Magor 5 years ago have long since closed. Will I be able to sell the house?

These day there are copies made of almost everything, and your conveyancer will be aware exactly where to locate all the appropriate paperwork so you can purchase or dispose of your house without any difficulty. If copies can’t be found, your solicitor can arrange cover in the form of insurance or indemnities against future claims on your premises.

Is it possible to switch solicitor as I need to appoint one who is on the Yorkshire Building Society conveyancing panel. I was using a family conveyancing solicitor in Magor round the corner but she is not accepted by Yorkshire Building Society

We will our best to assist in finding you a conveyancing solicitor in Magor on the Yorkshire Building Society panel. Please note that the solicitors that we on the directory do not pay us a referral fee if you instruct them and are authorised and regulated by the SRA who oversee all conveyancing solicitors in Magor. In making use of the find a conveyancing solicitor tool on this page, you can contrast charges for conveyancing solicitors in Magor and beyond.

Can you offer any advice when it comes to appointing a Magor conveyancing firm to carry out our lease extension conveyancing?

When appointing a conveyancer for lease extension works (regardless if they are a Magor conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with two or three firms including non Magor conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be useful:

If they are not ALEP accredited then what is the reason? Can they put you in touch with clients in Magor who can give a testimonial?

I acquired a ground floor flat in Magor, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Magor with a long lease are worth £265,000. The ground rent is £50 charged once a year. The lease runs out on 21st October 2101

With only 76 years remaining on your lease we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as legals.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.