We opted for a Nottinghamshire based lawyer for my conveyancing in Nottinghamshire today. Upon checking the Terms and Conditions it is apparent thatwe are responsible for charges even if the movedoes not happen. Would I be best advised to use an internet firm who offer no completion no charge conveyancing in Nottinghamshire?
Generally there is a concession along the lines that if "No Completion No Fee" is available then the fee levels will generally be higher to counteract those transactions that fail to complete. Dont forget that these deals rarely cover outlay for instance Nottinghamshire conveyancing search charges.
We are nearing an exchange on a property in Nottinghamshire and my parents have sent the exchange deposit to my conveyancing practitioner. I am now advised that as the deposit has been sent from someone other than me my solicitor needs to disclose this to my lender. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I disclosed to the bank regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to delay the deal?
Your conveyancer is legally required to check with lender to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only notify this to your lender if you agree, failing which, your lawyer must cease to continue acting.
We had instructed conveyancing lawyers located in Nottinghamshire on the Skipton solicitor panel. They are now charging me a supplemental charge for dealing with the Skipton mortgage. Is this an additional conveyancing fee specified by Skipton?
Unfortunately, so long as it is in their Terms and Conditions or estimate then yes your lawyer is entitled to charge a fee for this. The fee is not dictated by Skipton but by your Nottinghamshire property lawyer. Plenty of firms on the Skipton panel will charge ’dealing with mortgage’ fee and others do not.
Can I be sure that the Nottinghamshire conveyancing solicitor on the Aldermore panel is any good?
When it comes to conveyancing in Nottinghamshire seeking recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the lawyer carrying out your transaction.
My fiancee and I are at the point of viewing houses in Nottinghamshire and I am now considering a potential offer. Is it too early to have a solicitor in place? I intend to finance via a mortgage with Skipton.
You should start obtaining conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the EA. As you are taking out a mortgage with Skipton, make sure you remember to check that your lawyer is on the Skipton conveyancing panel.
How does conveyancing in Nottinghamshire differ for newly converted properties?
Most buyers of new build property in Nottinghamshire approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is completed. This is because new home sellers in Nottinghamshire tend to acquire the real estate, 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 property lawyers 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 accustomed to new build conveyancing in Nottinghamshire or who has acted in the same development.
I opted to have a survey carried out on a house in Nottinghamshire prior to instructing solicitors. I have been informed that there is a flying freehold overhang to the property. The surveyor has said that some mortgage companies may not issue a mortgage on this type of premises.
It varies from the lender to lender. Santander has different instructions for example to Halifax. If you e-mail us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Nottinghamshire. Conveyancing may be slightly more expensive based on your lender's requirements.
I have been recommended by a few estate agents in Nottinghamshire to find a solicitor on your site. Is there a financial advantage for Estate Agents to offer your site over and above alternative conveyancing organisations?
We refuse to give any referral fee for directing people to this site. We found it would be just too difficult to pay a commission as a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.