My partner and I are purchasing our first home. Our lawyer has messagedto ask if we want to order extra conveyancing searches. We are really unsure what's relevant for conveyancing in Nuneaton
The quantity and type of Nuneaton conveyancing searches depends primarily on the property, the location, the possibility of any of these risks, your knowledge of the region and risks, your general approach to risk. What is important is that you properly appreciate what information the searches could give you. You may then decide if you personally think you need that information. Should you be uncertain, ask the lawyer to explain.
I have been recommended a conveyancing solicitor in Nuneaton. I need to find out whether they are accepted on the HSBC Bank approved list of lawyers. Could you or the lender confirm if they are on the panel?
You should e-mail the solicitor and enquire if they are on the lender panel. Alternatively please get in touch with HSBC Bank who may be able to confirm.
My wife and I are purchasing a apartment in Nuneaton. It might be a silly question but how we can trust a conveyancer? At some point we have to deposit funds into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Two weeks ago we had a mortgage agreed in principle with Kent Reliance. Nuneaton conveyancing lawyers have been instructed. What is the average time that one could expect to receive a mortgage offer from Kent Reliance?
There is no definitive answer here. Have Kent Reliance done the valuation? Have you informed Kent Reliance as to your lawyers' details and checked that your lawyers are on the Kent Reliance conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I am selling my apartment. I had a double glazing fitted in October 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, UBS are being difficult. The Nuneaton solicitor who is on the UBS conveyancing panel is happy to accept ‘lack of building regulation’ insurance but UBS are insisting on a building regulation certificate. Why do UBS have a conveyancing panel if they don't accept advice from them?
It is probably the case that UBS have referred the matter to their valuer. The reason why UBS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
My husband and I are novice buyers - had an offer accepted, yet the agent has warned us that the owners will only issue a contract if we appoint the agent's chosen lawyers as they want a ‘quick sale’. My instinct tells me that we should use a local solicitor accustomed to conveyancing in Nuneaton
We suspect that the owner is not behind this requirement. If they require ‘a quick sale', taking such a hostile approach to a serious purchaser is going to damage their objectives. Avoid the agents and go straight to the sellers and make sure they understand (a)you are genuine buyers (b)you are excited to move forward, with finances arranged © you are chain free (d) you wish to move quickly (e)but you will continue to instruct your own,trusted Nuneaton conveyancing lawyers - not the ones that will give the estate agent a kickback or hit his conveyancing targets demanded by head office.
I am on look out for some leasehold conveyancing in Nuneaton. Before I set the wheels in motion I would like to find out the remaining lease term.
Assuming the lease is registered - and almost all are in Nuneaton - then the leasehold title will always include the basic details 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.
I acquired a 1 bedroom flat in Nuneaton, conveyancing formalities finalised in 1999. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Nuneaton with over 90 years remaining are worth £211,000. The ground rent is £45 levied per year. The lease runs out on 21st October 2094
With only 68 years unexpired we estimate the premium for your lease extension to be between £9,500 and £11,000 as well as legals.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.
Do banks and building societies provide you with an approved list of Nuneaton solicitors? How do you know who is on the bank conveyancing panel?
Nuneaton law firm practices and firms carrying out conveyancing in Nuneaton themselves provide us confirmation that they are on the mortgage company conveyancing panel as opposed to being supplied with a list from the mortgage company directly.