It is a dozen years since I purchased my house in Nailsworth. Conveyancing lawyers have just been instructed on the sale but I am unable to track down my title deeds. Is this a problem?
Don’t worry too much. First there is a possibility that the deeds will be retained by your lender or they may still be with the solicitor who oversaw your purchase. Secondly in all probability the title will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers obtaining current official copies of the land registers. The vast majority of conveyancing in Nailsworth relates to registered property but in the rare situation where your home is unregistered it is more problematic but is resolvable.
We are planning to buy with Darlington Building Society. I called into a couple of high street firms yet cant to find a Nailsworth conveyancing firm on the Darlington Building Society approved list. Please you assist?
Please do take advantage of the search tool on this page. Please choose the lender and type Nailsworth or your location and you will see numerous solicitors offices in Nailsworth or by proximity to you.
A friend advised me that in buying a property in Nailsworth there may be a number of restrictions preventing external changes to the property. Is this right?
We are aware of a number of properties in Nailsworth which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Nailsworth should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
The mortgage over my property is with Bank of Ireland for my property in Nailsworth. Conveyancing has been completed some time ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Bank of Ireland?
Your original mortgage agreement with Bank of Ireland will provide that you need their approval before renting your property as this is likely to be a breach of Bank of Ireland’s mortgage conditions. It may be that Bank of Ireland will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Bank of Ireland directly. You need not do this via a Bank of Ireland conveyancing panel firm.
My offer on a semi in Nailsworth has been accepted, but there is a chain. The sellers have put an offer on on an apartment, however it’s not yet agreed to, and have viewings of other apartments in the pipeline. I have selected a bricks and mortar conveyancing solicitor in Nailsworth. What should be my next step? When should I get the mortgage application with Aldermore going?
It is normal to have apprehensions where there is a chain as you are unlikely to want to incur expenses too early (home loan application is approx £1k, then survey, Nailsworth conveyancing search fees, etc). The first course of action is to ensure that your solicitor is on the Aldermore approved list. As to the subsequent stages this very much dictated by the specifics of your case, motivation for this property and on the state of the market. During a buoyant market the majority of home buyers will apply for a home loan with Aldermore and arrange for the valuation and only if it comes back ok would they request their conveyancing practitioner to move forward with searches.
I'm buying my first flat in Nailsworth with a loan from Leeds Building Society. The builders would not budge the price so I negotiated 6k of fixtures and fittings instead. The sale representative told me not disclose to my conveyancer about the side-deal as it will put at risk my mortgage with Leeds Building Society. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Back In 2006, I bought a leasehold flat in Nailsworth. Conveyancing and Birmingham Midshires mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1998. The conveyancing practitioner in Nailsworth who acted for me is not around. Do I pay?
First make enquiries of HMLR to be sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. There is no need to instruct a Nailsworth conveyancing lawyer to do this as you can do this on the Land Registry website for a few pound. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Nailsworth Leasehold Conveyancing - Sample of Questions you should consider Prior to Purchasing
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Are any of leasehold owners in arrears of their service charge liability? Who is in charge of the building? The majority of Nailsworth leasehold flats will be liable to pay a service bill for maintenance of the building invoiced on behalf of the freeholder. Should you buy the apartment you will have to meet this amount, normally quarterly throughout the year. This may vary from two or three hundred pounds to thousands of pounds for buildings with lifts and large communal grounds. In all probability there will be a ground rent for you to pay yearly, ordinarily this is not a significant figure, say around £25-£75 but you need to enquire as on occasion it can be surprisingly expensive.
Is it necessary during the course of the conveyancing process to pop into the offices of the lender conveyancing panel solicitor to sign the legal charge? If so, I will choose one who does conveyancing in Nailsworth as it will be easier to pop in to their offices if required.
Most conveyancing panel lawyers for the mortgage company undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. YOu dont have to use a conveyancing solicitor in Nailsworth. it would nevertheless be wise to check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.