I was told yesterday by my financial adviser that my Nottingham property lawyer is not on the bank Conveyancing panel. What can I do to check?
The first thing you need to do is to call your Nottingham conveyancer. It is reasonable to expect your lawyer to advise you what has happened. Where they are not on the panel they may recommend you to a Nottingham conveyancing firm that is on the conveyancing panel for your lender.
Do banks and building societies provide you with an approved list of Nottingham conveyancing solicitors? How do you know who is on the Lloyds conveyancing panel?
Nottingham conveyancing firms themselves provide us confirmation that they are on the Lloyds conveyancing panel as opposed to being supplied with a list from Lloyds directly.
Me and my brother have a renovated Victorian house in Nottingham. Conveyancing solicitor acted for me and TSB. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, the second leasehold with the exact same address. Is it worth asking TSB to clarify?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Nottingham and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with the conveyancing solicitor who conducted the purchase.
How does conveyancing in Nottingham differ for newly converted properties?
Most buyers of new build residence in Nottingham come to us having been asked by the builder to sign contracts and commit to the purchase even before the house is ready to move into. This is because builders in Nottingham tend to purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Nottingham or who has acted in the same development.
Taking into account that I will soon part with over three hundred thousand on a house in Nottingham I wish to talk to a conveyancer regarding thehome move ahead of appointing the firm. Can this be arranged?
Absolutely - we would be pleased to talk to you we do not take any clients on without you first talking to the conveyancer who will be doing your property ownership legalities in Nottingham.There is no ‘factory style conveyancing’ - each client is unique person, not a case number. The solicitors that we put you in touch with believe that the figure you are provided with for residential conveyancing in Nottingham should be the figure that you end up paying.
I am in need of some leasehold conveyancing in Nottingham. Before I set the wheels in motion I want to be sure as to the number of years remaining on the lease.
Assuming the lease is registered - and 99.9% are in Nottingham - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Nottingham Conveyancing for Leasehold Flats - A selection of Queries before Purchasing
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The best form of lease arrangement is a share of the freehold. In this scenario the leaseholders enjoy control and notwithstanding that a managing agent is frequently retained if the building is larger than a house conversion, the managing agent retained by the leaseholders. The majority of Nottingham leasehold apartments will have a service bill for the upkeep of the building invoiced on behalf of the freeholder. Should you purchase the property you will have to meet this amount, normally quarterly accross the year. This can differ from a few hundred pounds to thousands of pounds for blocks with lifts and large common grounds. In all likelihood there will be a rentcharge to be met annual, ordinarily this is not a exorbitant amount, say approximately £25-£75 but you should to enquire it because sometimes it could be many hundreds of pounds. Are any of leasehold owners in arrears of their service charge liability?