My friend's brother is a solicitor. I hope that I will be offered friends and family fee for conveyancing, However if that does not come through, what level of costs should I be paying for conveyancing in Nag's Head?
Do compare pricing. Do use our search tool on this site. You will notice that fees may be different but service levels do differ between conveyancers as is true with most professions.
Due to move into my new home in Nag's Head next Thursday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as she informs me that she is duty bound to validate that it is in order for the lender. What risks does the bank expect the insurance to cover?
Any lawyer on acting for banks would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 conditions. These requirements are not unique to conveyancing in Nag's Head.
I am buying a property in Nag's Head. An unusual aspect is that the roof has a solar panel. Lloyds have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Lloyds your lawyer must check the formal requirements outlined in Part 2 of UK Finance Lenders’ Handbook for Lloyds. The Council of Mortgage Lenders’ Handbook includes minimum specifications for solar panel roof-space leases, and solicitors are required to report to Lloyds where a lease does not meet these requirements. The requirements relate to the installation of panels on properties countrywide and is not restricted to Nag's Head.
I have today made my last payment due on my mortgage with Skipton. I assume I don't need a Nag's Head solicitor on the Skipton panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Skipton mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Skipton mortgage from the register. Skipton, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Skipton has sent the Land Registry the discharge electronically, and
- Skipton has instructed the Land Registry to do so
Leeds Building Society have agreed my home loan in principle, my offer on a apartment in Nag's Head has been accepted, what are the next steps?
Your estate agent will want to be informed of your conveyancer's details (be sure the property lawyers are on the lender’s panel). Contact Leeds Building Society or your financial adviser and complete any relevant forms. Leeds Building Society will sellect a valuer who will get in touch with the estate agent or seller to schedule an appointment. Once conducted (assuming no problems) it takes about a week to get a mortgage offer. Leeds Building Society will issue the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Nag's Head.
What does commercial conveyancing in Nag's Head cover?
Nag's Head conveyancing for business premises incorporates a wide array of guidance, provided by qualified solicitors, relating to business property. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
I am 18 days into a leasehold purchase having been directed to solicitors by the local agent to carry out the conveyancing in Nag's Head. We are not happy. Could you help me find new conveyancers?
They would need to be very poor in order to consider diss instructing them. Has your mortgage been issued? If so you must advise them of the replacement conveyancer and get the offer are re-issued. The solicitor ideally should be on the mortgage company panel to avoid supplemental expenses and delays. That should be your starting point. Our find a solicitor tool should help you find a bank approved conveyancer for your home move in Nag's Head
My husband and I may need to let out our Nag's Head basement flat for a while due to a career opportunity. We used a Nag's Head conveyancing practice in 2004 but they have since shut and we did not have the foresight to seek any advice as to whether the lease permits subletting. How do we find out?
A lease dictates relations between the landlord and you the leaseholder; specifically, it will say if subletting is not allowed, or permitted but only subject to certain caveats. The rule is that if the lease contains no specific ban or restriction, subletting is allowed. The majority of leases in Nag's Head do not contain subletting altogether – such a provision would adversely affect the market value the property. In most cases there is simply a requirement that the owner notifies the freeholder, possibly sending a duplicate of the tenancy agreement.
My wife and I have hit a brick wall in trying to reach an agreement for a lease extension in Nag's Head. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most certainly. We are happy to put you in touch with a Nag's Head conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Nag's Head residence is 51 Lorne Road in November 2009. The price Payable as decided by the tribunal for the freehold reversion was £27,000. The valuation follows the order of the County Court made on 3 April 2008 granting a vesting order. This case affected 1 flat. The unexpired residue of the current lease was 71 years.