Can your site be used to recommend a Conveyancing solicitor in Spondon even where I’m not buying or selling a house, for instance where I wish to buy an office in Spondon with a loan from Nationwide Building Society?
Our search tool is primarily used to find domestic conveyancing solicitors in Spondon but we have recorded towards the end of this page a selection of Spondon commercial conveyancing firms. You should make contact with the company directly to check if they can also act for Nationwide Building Society
We're in Spondon, FTBs buying with a mortgage (lender is Co-operative , and our lawyer is on the Co-operative conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Co-operative conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I'm at the point of looking at flats in Spondon and I am now considering a potential offer. Is it sensible to have my lawyer on ‘stand by’? I am planning to take a mortgage with HSBC.
It would be sensible to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. Given that you are taking out a mortgage with HSBC, ask your prospective lawyers if they are on the HSBC conveyancing panel otherwise they can't do the mortgage legal work.
It is not clear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Spondon bank branch on various occasions and was informed it wasn't an issue and they would lend. My Spondon conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
The conveyancer has to comply with the CML Handbook Part 2 specifications for your bank. Unless your lawyer obtains specific confirmation in writing that the bank 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 mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
Principality have agreed my mortgage in principle, my bid on a house in Spondon has been agreed to, what are the next steps?
The property agent will need to know who your solicitors are (ensure that the solicitors are on the bank’s approved list). Telephone Principality or your financial adviser and finish off any outstanding paperwork. Principality will instruct a valuer who will get in touch with the estate agent or seller to schedule an appointment. Once conducted (assuming no problems) it takes about a week to receive the mortgage offer. Principality will send the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Spondon.
I am selling our home in Spondon and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. Any high street Spondon conveyancer would know this is not the case. For the life of me I don't know why the purchasers instructed a national conveyancing outfit rather than a conveyancing solicitor in Spondon. We have lived in Spondon for six years we know of no issue. Is it a good idea to get in touch with our local Authority to get clarification need.
It sounds as though you may have a conveyancing solicitor already. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I'm purchasing my first flat in Spondon with the aid of help to buy. The builders refused to move on the price so I negotiated £7000 of additionals instead. The house builders rep advised me not reveal to my solicitor about this side-deal as it could impact my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am looking for a flat up to £195,000 and found one near me in Spondon I like with open areas and railway links in the vicinity, however it only has 51 remaining years left on the lease. I can't really find anything else in Spondon suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage the shortness of the lease may be a potential deal breaker. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of twenty four months you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.