I was notified recently by my mortgage broker that my Nottinghamshire the law firm I have appointed is not on the mortgage company Conveyancing panel. What can I do to be sure that this is correct?
The sensible course of action for you to take is to contact your Nottinghamshire lawyer directly. You lawyer should inform you what has happened. Where they are not on the panel they may recommend you to a Nottinghamshire conveyancing practice that is on the approved list of lawyers for your lender.
Please explain the implications if my solicitor is suspended from the UBS Conveyancing panel ahead of completing my conveyancing in Nottinghamshire?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
I purchased a renovated Edwardian property in Nottinghamshire. Conveyancing solicitor acted for me and Aldermore. I did a free Land Registry search last week and I saw two entries: one for freehold, the second leasehold with the matching property. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register as there may be 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 Nottinghamshire and other locations in 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 lenders. You can also check the situation with the conveyancing lawyer who completed the work.
About to purchase a new build flat in Nottinghamshire. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Nottinghamshire
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I am looking for a conveyancing solicitor in Nottinghamshire for my sale. Is there any facility to see a solicitor's record with the legal regulator?
Members of the public can see documented Solicitor Regulator Association (SRA) determinations stemming from investigations commenced on or after Jan 2008. Visit Check a solicitor's record. For information Pre 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The SRA sometimes monitor telephone calls for training requirements.
I today plan to offer on a house that seems to tick a lot of boxes, at a reasonable figure which is making it all the more appealing. I have since found out that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns buying a house with a leasehold title in Nottinghamshire. Conveyancing solicitors have not yet been appointed. Will my lawyers set out the risks of buying a leasehold house in Nottinghamshire ?
Most houses in Nottinghamshire are freehold and not leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can assist with the conveyancing process. It is clear that you are buying in Nottinghamshire so you should seriously consider shopping around for a Nottinghamshire conveyancing practitioner and check that they have experience in advising on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a lessee you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as obtaining the freeholder’sconsent to carry out changes to the property. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the property is located on an estate. Your solicitor should advise you fully on all the issues.
Nottinghamshire Leasehold Conveyancing - A selection of Questions you should ask before buying
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How many of the leaseholders are in arrears for their service charge payments? Make sure you find out if there are any onerous restrictions in the lease. By way of example it is reasonably common in Nottinghamshire leases that pets are not allowed in certain buildings in Nottinghamshire. If you love the apartmentin Nottinghamshire but your dog can’t live with you then you will be presented with a hard decision. Who is in charge of the block?