Can I be sure that the Lydiate conveyancing solicitor on the Nottingham panel is any good?
When it comes to conveyancing in Lydiate seeking recommendations is a good starting point. 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 solicitor carrying out your transaction.
We expect to receive a DIP from Aldermore this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Aldermore recommend any Lydiate solicitors on the Aldermore conveyancing panel, or is it better to go independently?
You will need to appoint Lydiate solicitors independently although you'll need to choose one on the Aldermore conveyancing panel. The solicitor represents both you and Aldermore through the process.
After months of negotiation I have agreed a price on an apartment in Lydiate. My mortgage broker suggested a solicitor. I paid an advanced payment of £150. Shortly after, the property lawyer called me to say that they were not on the UBS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the UBS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Are there restrictive covenants that are commonly identified as part of conveyancing in Lydiate?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Lydiate. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Lydiate differ for newly converted properties?
Most buyers of new build or newly converted property in Lydiate come to us having been asked by the builder to exchange contracts and commit to the purchase even before the house is finished. This is because developers in Lydiate usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Lydiate or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £235,500 and found one round the corner in Lydiate I like with amenity areas and transport links in the vicinity, however it's only got 52 years on the lease. There is not much else in Lydiate suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a mortgage that many years will likely be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
We're first time buyers - had an offer accepted, but the property agent told us that the vendor will only proceed if we use their preferred conveyancers as they want an ‘expedited deal’. Our preferred option is to instruct a high street conveyancer used to conveyancing in Lydiate
It is unlikely the owners are driving this. If they desire ‘a quick sale', taking such a hostile approach to a serious buyer is going to damage their objectives. Avoid the agents and go straight to the sellers and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you are going to appoint your preferred Lydiate conveyancing lawyers - not the ones that will give their estate agent a kickback or meet his conveyancing figures set by senior management.
What are the distinct benefits to instructing a high street lawyer in Lydiate
Lots of house movers in Lydiate opt for a nearby high street conveyancing practitioner so that they can attend the lawyer’s offices in the event that they have problems, and to collect paperwork without using the post.
Some would allege that there is a marginal benefit in selecting a conveyancing practitioner nearby to a house you are purchasing, due to the familiarity of the area and potential local concerns - nevertheless this is debatable. The majority of conveyancers undertaking their communications through email and could be based anywhere.