Are the Nottinghamshire conveyancing solicitors identified as being on the Aldermore conveyancing panel, together with their details provided by Aldermore?
Nottinghamshire conveyancing firms themselves provide us confirmation that they are on the Aldermore conveyancing panel as opposed to being supplied with a list from Aldermore directly.
My Solicitor in Nottinghamshire is not on the Clydesdale Approved Panel. Can I still use my family solicitor even though they are not on the Clydesdale list of approved lawyers?
Your options are as follows:
- Carry on with your existing Nottinghamshire solicitors but Clydesdale will need to use a solicitor on their list of acceptable firms. This will result in additional overall legal fees as well as cause frustration.
- Choose an alternative practitioner to to deal with the conveyancing, remembering to check they are Clydesdale approved.
- Persuade your Clydesdale solicitor to try to join the Clydesdale panel
My bid for a property was accepted at auction in Nottinghamshire. Conveyancing is needed. What happens now?
Now that you are for in every practical sense signed on the dotted line you will need to instruct a conveyancing practitioner as a matter of urgency as you are faced with a tight a fixed date to complete the deal. All auction property will ordinarily have a corresponding legal set of papers. This should include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold property the legal pack should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to a leasehold property. You must give this to the solicitor instructed by you ASAP. You also need to ensure that your finances are in order to complete the transaction on the set completion date.
It is unclear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Nottinghamshire building society branch on various occasions and was told they are content with the situation and they would lend. My Nottinghamshire conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they will not lend in accordance with their published requirements. Who do I believe?
Your solicitor must comply with the Council of Mortgage Lenders’ Handbook section two requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Barclays have agreed my home loan in principle, my offer on a apartment in Nottinghamshire has been accepted, now what?
The estate agent will want to know who your solicitors are (ensure that the lawyers are on the bank’s panel). Call up Barclays or your financial adviser and finalise any outstanding forms. Barclays will appoint a valuer who will get in contact with the estate agent or owners to book a slot for the valuation to occur. Once conducted (assuming no problems) it takes about a fortnight for the mortgage offer to be issued. Barclays will send the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Nottinghamshire.
How does conveyancing in Nottinghamshire differ for new build properties?
Most buyers of new build residence in Nottinghamshire approach us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is completed. This is because builders in Nottinghamshire typically acquire 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 conveyancers 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 have been pointed in your direction by a few property agents in Nottinghamshire to get a quote from a solicitor on your site. Is there a financial inducement for Estate Agents to recommend your services over a competitor’s?
We don’t make any referral fee for sending work to this site. We thought it would be too underhand a fee as home movers will think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
Should I go with a Nottinghamshire conveyancing lawyer in close proximity to the house I am hoping to buy? An old friend can perform the conveyancing but they are based a couple of hundredkilometers drive away.
The benefit of a local Nottinghamshire conveyancing firm is that you can drop in to sign paperwork, hand in your ID and pester them where appropriate. They will also have local intelligence which is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and on the whole were impressed that must surpass using an unknown Nottinghamshire conveyancing lawyer just because they are based in the area.