I can't travel far from Gedling. What is the rationale as to why all Gedling property lawyers aren't automatically on all lender panels?
Even though it may seem unfair for banks to limit who can represent them, from the public’s or conveyancer’s standpoint, the flip side is that lending institutions are increasingly anxious and regard it imperative to protect them against mortgage fraud. As a consequence of this concern lenders have consolidated their conveyancing panel to a manageable size.
Is there a reason why leasehold purchase conveyancing in Gedling costs more?
In summary, leasehold conveyancing in Gedling and elsewhere usually warrants additional hours of investigation compared to freehold conveyancing. This includes analysing the lease terms, corresponding with the landlord concerning the service of appropriate notices, procuring current service charge and management information, securing the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first granted.
I am assisting my niece sell her house in Gedling. Will the conveyancing solicitor order the energy assessment or it is for the seller to see to?
After the abolition of HIPs, energy assessments was maintained a required part of moving property. An EPC should be commissioned before the property is marketed. This is not as aspect of the sale process that law firms ordinarily arrange. If you are instructing a Gedling conveyancing practitioner they might help arrange energy assessments due to their contacts with reputable Gedling energy assessors
Can I be sure that the Gedling conveyancing solicitor on the Nottingham panel is any good?
When it comes to conveyancing in Gedling getting recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the lawyer carrying out your conveyancing.
I am selling my apartment. I had a double glazing fitted in March 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Kent Reliance are being difficult. The Gedling solicitor who is on the Kent Reliance conveyancing panel is recommending indemnity insurance as a solution but Kent Reliance are requiring a building regulation certificate. Why do Kent Reliance have a conveyancing panel if they don't accept advice from them?
It is probably the case that Kent Reliance have referred the matter to their valuer. The reason why Kent Reliance may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
It has been four months following my purchase conveyancing in Gedling completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I opted to have a survey done on a property in Gedling ahead of appointing lawyers. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies may refuse to grant a mortgage on this type of premises.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Gedling. Conveyancing may be slightly more expensive based on your lender's requirements.
I've recently bought a leasehold house in Gedling. Do I have any liability for service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Gedling Conveyancing for Leasehold Flats - A selection of Queries Prior to buying
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How many of the leaseholders are in arrears for their service charge payments? It is important to be aware if changing the roof or some other major work is pending that will be shared by the tenants and may well materially impact the level of the maintenance fees or necessitate a one time payment. How much is the yearly maintenance fee and ground rent?