Do the conveyancing solicitors listed on your site handle conveyancing in Nailsworth by way of an attended exchange?
There are a few conveyancing experts carrying out 24hr exchanges. You should call us to receive a conveyancing quote and details as to availability.
What does my ID and proof of funds have anything to do with my conveyancing in Nailsworth? Why is this being asked of me?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with prior to agreeing to accepting their conveyancing retainer. The Terms of Engagement that you are required to sign will no doubt confirm this. Your lender will also require certain documents to be checked. If you refuse to hand over ID verification documents, your lawyer will not be able to take you on as a client.
We are expecting a mortgage offer soon. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to use their panel lawyer as I would prefer to instruct a local conveyancing solicitor in Nailsworth?
You should check but the chances are that appoint one of their panel solicitors if you take up the "fee-free" incentive. Call the mortgage company and explore if they allow a cash alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor in Nailsworth.
Due to the input of my in-laws I had a survey completed on a house in Nailsworth before retaining solicitors. I have been told that there is a flying freehold element to the property. Our surveyor advised that some mortgage companies tend refuse to issue a mortgage on a flying freehold home.
It varies from the lender to lender. Santander has different instructions for example to Halifax. Should you wish to call us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Nailsworth. Conveyancing will be smoother if you use a solicitor in Nailsworth especially if they are acquainted with such properties in Nailsworth.
Can you provide any advice for leasehold conveyancing in Nailsworth from the perspective of saving time on the sale process?
- A significant proportion of the delay in leasehold conveyancing in Nailsworth can be avoided if you get in touch lawyers as soon as your agents start marketing the property and request that they start to collate the leasehold documentation which will be required by the purchasers’ lawyers. If you have had any disputes with your freeholder or managing agents it is essential that these are settled prior to the flat being marketed. The buyers and their solicitors will be reluctant to purchase a property where there is an ongoing dispute. You may have to bite the bullet and discharge any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the purchasers, but it is better to reveal the dispute as historic rather than unsettled. In the event that you altered the property did you need the Landlord’s consent? In particular have you installed wooden flooring? Most leases in Nailsworth state that internal structural alterations or addition of wooden flooring necessitate a licence from the Landlord acquiescing to such works. Where you fail to have the approvals to hand you should not contact the landlord without checking with your conveyancer before hand. Many freeholders or managing agents in Nailsworth levy fees for supplying management packs for a leasehold property. You or your lawyers should discover the actual amount of the charges. The management information can be applied for as soon as you have a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most usual cause of delay in leasehold conveyancing in Nailsworth. If you hold a share in a the Management Company, you should ensure that you have the original share document. Obtaining a new share certificate is often a time consuming process and delays many a Nailsworth conveyancing transaction. Where a new share is needed, do contact the company officers or managing agents (where applicable) for this sooner rather than later.
I own a 2 bed flat in Nailsworth, conveyancing having been completed in 2003. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar flats in Nailsworth with over 90 years remaining are worth £165,000. The average or mid-range amount of ground rent is £50 levied per year. The lease comes to an end on 21st October 2102
With just 77 years remaining on your lease we estimate the premium for your lease extension to span between £7,600 and £8,800 plus legals.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.
I am buying a garden apartment in Nailsworth. Conveyancing lawyer has been awaiting, from the owner, building insurance paperwork. This afternoon I was informed that the vendor needs to forward the insurance documents for the flat above in addition. Why does my conveyancer want to review the insurance for the flat above? Is it strictly required? We have been in hold for the last month…
It is not unheard of in leasehold conveyancing in Nailsworth to find Conveyancing in Nailsworth in a minority of cases reveals that the lease provides for the tenant's to insure their individual flats rather than the landlord insuring the complete block - which is definitely better. Do double check with your lawyer but it would seem that your lawyer is attempting to establish that the whole building is insured. Insuring a ground floor apartment is no help when it comes to rebuilding after a fire if the other flat cannot be reconstructed for lack of insurance.