I'm in the process of transferring my current homeowner mortgage to a Buy to Let Coventry Building Society mortgage. The bank has said that I must appoint a conveyancer as part of the process. I spoke to the same Nottingham conveyancing solicitor who acted on my behalf when I originally purchased the premises. The costs estimate they've given of £575 plus disbursements has surprised me as I am not require purchase conveyancing - it’s simply a bog-standard refinance.
The estimate does seem a tad on the high side. If you are happy to expend time comparing costs you may be able to get the conveyancing a bit cheaper by say £100 plus VAT. That being said, if you were pleased with the service the firm gave you couldcome to rue choosing an an untested conveyancer. If is important to be sure that the solicitor can also act for Coventry Building Society. You can use our search tool to choose a Nottingham conveyancing firm on the Coventry Building Society approved list of lawyers, which can often include conveyancing solicitors in Nottingham.
What can a local search tell me about the house my wife and I buying in Nottingham?
Nottingham conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search company for example Searchflow The local search plays a central role in most Nottingham conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your new home. The search will provide data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
I acquired my house on 8 September and the transaction details are still not on the land registry website. Should I be concerned? My conveyancing solicitor in Nottingham advises it would be registered in less than a month. Are transfers in Nottingham particularly slow to register?
As far as conveyancing in Nottingham is concerned, registration is no faster or slower than anywhere else in the country. Rather than based on location, timescales can differ depending on who lodges the application, whether it is in order and if the Land registry communicate with any other parties. As of today roughly three quarters of such applications are fully dealt with within 12 days but occasionally there can be longer hold-ups. Historically registration occurs once the new owner is living at the premises therefore registration formalities is not always top priority yet where it is urgent that the the registration takes place urgently then you or your solicitor must speak with the land registry and explain the circumstances.
Due to the input of my in-laws I had a survey completed on a house in Nottingham before instructing conveyancers. I have been told that there is a flying freehold overhang to the property. The surveyor has said that some mortgage companies tend not give a loan on such a home.
It varies from the lender to lender. Lloyds has different requirements from Nationwide. Should you wish to telephone us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Nottingham. Conveyancing may be slightly more expensive based on your lender's requirements.
How simple is it to use your search app to locate a conveyancing solicitor in Nottingham on the approved list for my lender?
First choose a mortgage company such as Santander, Norwich and Peterborough Building Society or Barclays Direct then choose your location for example Nottingham. Conveyancing firms in Nottingham and beyond will then be listed.
Is it best to go with a Nottingham conveyancing solicitor who is local to the property I am purchasing? An old friend can conduct the conveyancing but they are based 200miles drive away.
The benefit of a local Nottingham conveyancing practice is that you can visit the firm to execute documents, hand in your identification documents and apply pressure on them if necessary. Having local Nottingham know how is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and on the whole were impressed that should trump using an unknown Nottingham conveyancing solicitor just because they are based in the area.