Why would I appoint a Mansfield conveyancing practice when web based conveyancers are so much cheaper?
By all means make sure that you scrutinise conveyancing costs in Mansfield and you should seek a competitive estimate but don’t expend your energy hunting for the lowest priced Mansfield conveyancer. Appointing the right conveyancer can be the difference between a smooth and a distressing move. It is important that you ensure that you have expert advice from a trusted solicitor. An e-mail can never replace a telephone discussion and are no substitute for a one to one consultation. The firms that we work with will allocate you a qualified and experienced conveyancing solicitor who can handle your conveyancing from from the outset to completion, providing a level of continuity that you will never get with an internet conveyancer. He or She will keep you updated as to progress and keep you informed. If you ever need to phone the office you will know who to ask for and they will ensure you are kept fully informed.
Can the conveyancing solicitors that you recommend perform attended exchange conveyancing in Mansfield?
There are a few conveyancing specialists carrying out 24hr exchanges. Please e-mail us to receive a fee calculation and details as to dates.
I just acquired a house at auction in Mansfield. Conveyancing is needed. What is next?
Given that you have now legally committed yourself to purchase you must instruct a conveyancing lawyer soon as you will have a tight a fixed date to complete the conveyancing. All auction property will have a bespoke auction pack. This should include evidence of title and search results. If you have purchased leasehold premises the auction pack should provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to a leasehold property. You should hand this to the solicitor instructed by you at the earliest opportunity. Do make sure that you have funds in order to complete the transaction on the set completion date.
I'm the only recipient of my late father’s estate with all property in now in my sole name, including the house in Mansfield. The Mansfield property was put into my name in May. I now wish to sell up. I understand that there is a Mortgage Lenders six month 'rule', which means that my property ownership could be considered the same way as if I'd bought the property in May. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be caught by that. many banks would take a practical view as this requirement is chiefly there to capture subsales or the wholesaling and assigning of properties.
I have today made my last payment due on my mortgage with Coventry BS. I assume I don't need a Mansfield property lawyer on the Coventry BS panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Coventry BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Coventry BS mortgage from the register. Coventry BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Coventry BS has sent the Land Registry the discharge electronically, and
- Coventry BS has instructed the Land Registry to do so
It has been three months since my purchase conveyancing in Mansfield concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm converting the mortgage on my primary home to a BTL mortgage with Bank of Ireland and I will use the ballance of the raised equity as a deposit on a second property. The area we are looking at is Mansfield. Will your lawyers be able to act for the two banks and tie in the conveyances?
Make use of our search tool on this site to check that the solicitors are on the appropriate lender panels. Having checked that they are the conveyancer should be able to simultaneously deal with the two conveyancing matters but you should talk with you solicitor and communicate your expectations and needs.
I am employed by a reputable estate agent office in Mansfield where we have witnessed a number of flat sales jeopardised as a result of leases having less than 80 years remaining. I have received contradictory information from local Mansfield conveyancing solicitors. Could you clarify whether the seller of a flat can commence the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Mansfield Leasehold Conveyancing - A selection of Queries before Purchasing
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What is the name of the managing agents? It is important to be aware if a new roof is being installed or some other significant cost is pending to be shared between the leaseholders and will materially impact the level of the maintenance fees or require a specific payment. How many of the leaseholders are in arrears for their maintenance charge payments?