My Conveyancer in Wollaton is not on the Nottingham Building Society Conveyancing Panel. Is it possible for me to continue with my prefered solicitor notwithstanding that they are not on the Nottingham Building Society list of approved lawyers?
The limited options open to you here include:
- Complete the purchase with your preferred Wollaton solicitors but Nottingham Building Society will need to instruct a solicitor on their panel. This will inevitably rack up the overall legal fees as well as cause frustration.
- Get an alternative lawyer to act in the purchase, remembering to check they are Nottingham Building Society approved.
- Persuade your Nottingham Building Society solicitor to attempt to join the Nottingham Building Society panel
I am purchasing my first flat in Wollaton with the aid of help to buy. The builders would not move on the price so I negotiated £7000 of extras instead. The property agent advised me not disclose to my conveyancer about this extras as it would 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 into buying my first house which is in Wollaton and I am already nervous. I couldn't find anything specific about Wollaton. Conveyancing will be needed in due course but do you know about the Wollaton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Wollaton. In the meantime here are some basic statistics that we found
As co-executor for the will of my uncle I am disposing of a property in Monmouth but reside in Wollaton. My solicitor (who is 235 kilometers awayrequires that I sign a stat dec ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Wollaton to witness and place their company stamp on the document?
strictly speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are Wollaton based
Having had my offer accepted I require leasehold conveyancing in Wollaton. Before I set the wheels in motion I want to be sure as to the remaining lease term.
If the lease is registered - and 99.9% are in Wollaton - 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 purchased a studio flat in Wollaton, conveyancing formalities finalised in 2005. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Wollaton with over 90 years remaining are worth £190,000. The ground rent is £45 yearly. The lease runs out on 21st October 2086
With just 62 years left to run we estimate the premium for your lease extension to range between £17,100 and £19,800 plus costs.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the lender conveyancing panel. My lawyer has said that they are on the mortgage company approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the bank conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the lender solicitor panel.