Do the conveyancing solicitors that you recommend perform conveyancing in Newtown by way of an attended exchange?

There are a few conveyancing specialists carrying out attended exchanges. You should contact us to receive a fee calculation and details as to availability.

Are the Newtown conveyancing solicitors identified as being on the Virgin Money conveyancing panel, together with their details provided by Virgin Money?

Newtown conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.

Do I need to have a meeting at the offices of the solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Newtown so that I can attend their offices if necessary.

These days conveyancing panel lawyers for lenders undertake the vast majority of communications through Royal Mail, e-mail or over the phone. This enables them to conduct the legal work for your home move no matter where you live in the country. However you should see if you have the option of visiting the offices of your conveyancing lawyer if just in case this is required.

Taking into account that I will soon part with 450k on 3 bedroom house in Newtown I would like to talk to a conveyancer regarding theconveyancing ahead of instructing the firm. Can this be arranged?

This is something that we encourage - we would be happy to talk to you we do not take any clients on without you liaising with the solicitor who will be conducting your conveyancing in Newtown.There is no ‘factory style conveyancing’ - each client is unique individual, not a file number. The solicitors that we put you in touch with believe that the fees you are provided with for residential conveyancing in Newtown should be the amount on the final invoice that you end up paying.

I am a negotiator for a long established estate agency in Newtown where we have witnessed a few flat sales derailed as a result of leases having less than 80 years remaining. I have been given contradictory information from local Newtown conveyancing firms. Can you clarify whether the vendor of a flat can start the lease extension formalities for the buyer?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.

Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

I bought a garden flat in Newtown, conveyancing having been completed in 2001. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Newtown with over 90 years remaining are worth £190,000. The ground rent is £45 charged once a year. The lease ends on 21st October 2087

With 62 years unexpired the likely cost is going to be between £17,100 and £19,800 as well as professional fees.

The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you 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.