I am acquiring a brand new flat in Cowley and my solicitor is telling me that she is duty bound to the mortgage company to disclose incentives from the seller. I am under pressure to sign contracts and my preference is not to delay matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We note that you have a post code search directory identifying law firms on the Nottingham conveyancing panel. Do companies pay you a commission if I retain them for our own conveyancing in Cowley?
We are a listing service only for law firms wishing to communicate if they are on the Nottingham conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Cowley.
Do commercial conveyancing searches reveal proposed roadworks that could affect a commercial property in Cowley?
Many commercial conveyancing solicitors in Cowley will execute a SiteSolutions Highways report as it reduces the time that conveyancers spend in researching accurate data on highways that impact buildings and development assets in Cowley. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Cowley.
For each commercial conveyancing transaction in Cowley it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may cause delays to Cowley commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Cowley.
Due to the advice of my in-laws I had a survey completed on a house in Cowley before instructing lawyers. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some banks tend not grant a loan on this type of house.
It varies from the lender to lender. Lloyds has different instructions from Birmingham Midshires. If you e-mail us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Cowley. Conveyancing will be smoother if you use a solicitor in Cowley especially if they are accustomed to such properties in Cowley.
I have been pointed in your direction by a few property agents in Cowley to find a solicitor on your site. Is there a financial upside for Estate Agents to recommend your services over alternative conveyancing organisations?
We refuse to give any financial incentive for directing people our way. We found it would be just too difficult to pay a commission as members of the public would think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am on look out for some leasehold conveyancing in Cowley. Before I get started I want to be sure as to the number of years remaining on the lease.
Assuming the lease is registered - and 99.9% are in Cowley - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I am the leaseholder of a ground floor flat in Cowley. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the premium due for a lease extension?
Absolutely. We are happy to put you in touch with a Cowley conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Cowley property is 164 Nestles Avenue in October 2013. The tribunal agreed with the proposed price of £20,158 for the freehold and determined that that sum is the amount to be paid into court This case related to 2 flats. The number of years remaining on the existing lease(s) was 69 years.