I am not in a position to travel far from Nottingham. Can you please explain the reason why all Nottingham conveyancers aren't automatically on all lender panels?
Pre- 2008 most banks displayed an approach to risk which differs from the current day. The financial regulator in 2010 instigated a thematic review into mortgage fraud which in summary warned lenders: know the lawyers on your panel. Accordingly, lenders have since looked to extract more information from law firms about their operations and the individuals employed by them and set certain criteria such as completing a minimum volume of transactions. Hundreds of law practices have found themselves excluded from lender panels even though they had an exemplary disciplinary record, no complaints and no claims and didn't just 'dabble' in conveyancing. Many firms found it impossible meet the minimum volume of transactions the mortgage companies insisted on.
We are about to sign contracts for a leasehold flat in Nottingham. We encountered a stumbling block. Our mortgage offer with Lloyds TSB Bank expires on 16/1/2026 but the owners are insisting on a completion date of 20/1/2026. Can one prolong the mortgage expiry date?
The best person to address this concern is your solicitors who will assess if he or she is corresponding with the bank, seller’s conveyancers, selling agents or possibly all parties given the history of your house move to date.
My mortgage company has suggested a law firm on their panel based in Nottingham but I would rather use a conveyancing lawyer in Nottingham local to me. Are you able to assist?
It is by no means the case that all Nottingham conveyancing practitioners are approved and listed on all banks conveyancing panel. Please make use of the above search tool to find a Nottingham conveyancing solicitor on the on the bank panel.
We are downsizing from our home in Nottingham and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. A local conveyancer would know this is not the case. For the life of me I don't know why the buyers instructed an online conveyancing firm as opposed to a conveyancing solicitor in Nottingham. We have lived in Nottingham for 4 years we know that this is a non issue. Do we get in touch with our local Authority to obtain confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing firm already. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
I am looking for a conveyancing lawyer in Nottingham for my remortgage. Is it possible to see a solicitor's complaints history with the legal regulator?
Anyone may search for documented Solicitor Regulator Association (SRA) decisions stemming from investigations from 2008 onwards. Visit Check a solicitor's record. To find information about the period before 1 January 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The SRA sometimes monitor call for training requirements.
We expect to complete the sale of our £225,000 maisonette in Nottingham next Wednesday. The landlords agents has quoted £396 for Landlord’s certificate, insurance certificate and previous years statements of service charge. Is it legal for a freeholder to charge such fees for a flat conveyance in Nottingham?
For most leasehold sales in Nottingham conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Completing pre-contract questions
Where consent is required before sale in Nottingham
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I own a 2 bed flat in Nottingham, conveyancing having been completed in 2006. How much will my lease extension cost? Equivalent flats in Nottingham with over 90 years remaining are worth £265,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease terminates on 21st October 2100
With only 75 years unexpired the likely cost is going to range between £8,600 and £9,800 plus legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed due diligence. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.