The lawyer who dealt with my former purchase has sent a quote for £1400 for fixed fee conveyancing in Long Eaton. I’m hoping to sell a Victorian property for £300,000. This sounds overpriced. Is it in excess of the norm for conveyancing in Long Eaton?
The quote is fractionally on the steep side. Where you are happy to expend time scrutinising fee on a like for like basis you might decrease the fees slightly by as much as a hundred pounds. On the other hand, you maycome to regret opting for an an untested conveyancer. Don't forget to ensure the solicitor can also act for your bank. You can employ our search tool to select a Long Eaton conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Long Eaton.
In what way does my ID and proof of funds have anything to do with my conveyancing in Long Eaton? Is this really necessary?
To satisfy the Money Laundering Regulations any Long Eaton conveyancing firm will require proof of identity in all conveyancing transactions. This is usually satisfied by provision of a passport and an original bank statement or utility bill evidencing your correct address.
Under Money Laundering Regulations, conveyancers are required to check not only the identity of conveyancing clients but also the origin of fund that they receive in respect of any matter. Refusal to disclose this will lead to your conveyancer cancelling their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to notify the appropriate authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
My aunt passed away 10 months ago and as sole heir and executor I was left the house in Long Eaton. The house had a small mortgage left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to Virgin Money, pay off the mortgage. Is this possible?
If you intend to re-mortgage then Virgin Money will insist on your using a conveyancer on the Virgin Money conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Virgin Money conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Virgin Money mortgage is registered as a charge at the Land Registry.
I'm refinancing my existing home to a BTL loan with Nottingham Building Society and intend to use the remaining equity towards another property. The area we are looking at is Long Eaton. Will your solicitors be able to act for both sets of banks and tie in the transactions?
Do use our search tool on this site to check that the lawyers are approved by both mortgage companies. Having checked that they are your lawyer should be able to tie up the two transactions but you should talk with you lawyer and make apparent your desired outcome and requirements.
Planning to exchange soon on a leasehold property in Long Eaton. Conveyancing lawyers inform me that they report fully tomorrow. What should I be looking out for?
The report on title for your leasehold conveyancing in Long Eaton should include some of the following:
-
Who has the liability to repair and maintain the building. It is important for you to know who is liable for the repair and maintenance of every part of the building Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice? Defining your legal entitlements in respect of common areas in the building.For instance, does the lease permit a right of way over a path or staircase? Does the lease require carpeting throughout thus preventing wood flooring? You should be told what counts as a Nuisance as far as the lease is concerned
Long Eaton Leasehold Conveyancing - Examples of Questions you should ask before buying
-
How much is the service charge and ground rent on the apartment? How is the lease structured? It is important to be aware if a new roof is being installed or some other significant cost is coming up to be shared amongst the tenants and will materially impact the level of the maintenance costs or necessitate a specific payment.
My husband and I are looking at buying our first property in Long Eaton. Is it possible for you to refer me to a good Long Eaton solicitor that would act for us as well as act for Nationwide?
The purpose of this site is limited to being a directory service for conveyancers who wish to be listed as being on the approved conveyancing panel for Nationwide in certain areas for instance Long Eaton . Our intention is not to recommend any specific lawyer.