I have 7378 less than 75 years remaining on my lease and need a lease extension for my apartment in Nag's Head. Conveyancing solicitors on the Chelsea Building Society panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 2/12/2025 the requirements read as follows :
My bid for a property was accepted at auction in Nag's Head. Conveyancing is required. What are my next steps?
Now that you have legally bound yourself to purchase you will need to instruct a conveyancing practitioner soon as you are faced with a tight a fixed date to complete the property. All auction property should have a bespoke legal set of papers. This will likely include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold property the conveyancing pack should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork pertinent to a leasehold property. You must hand this to your appointed conveyancing solicitor ASAP. You also need to ensure that you have funds organised to complete the transaction on the set completion date.
A colleague informed me that in purchasing a property in Nag's Head there could be various restrictions preventing external changes to a property. Is this right?
We are aware of a number of properties in Nag's Head which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Nag's Head should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My partner and I are spending time looking at houses in Nag's Head and I am about to put in an offer. Is it too early to have a solicitor in place? I am planning to take a mortgage with Aldermore.
You should start requesting conveyancing estimates from solicitors ASAP. 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 selling agent. As you are taking out a mortgage with Aldermore, make sure you remember to check that your lawyer is on the Aldermore conveyancing panel.
My colleague advised me that where I am purchasing in Nag's Head I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually included in the estimate for your Nag's Head conveyancing searches. It is not a small report of about 40 pages, listing and setting out important information about Nag's Head around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data regarding Nag's Head.
How does conveyancing in Nag's Head differ for newly converted properties?
Most buyers of new build residence in Nag's Head contact us having been asked by the seller to sign contracts and commit to the purchase even before the house is built. This is because house builders in Nag's Head typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Nag's Head or who has acted in the same development.
I decided to have a survey done on a property in Nag's Head prior to retaining solicitors. I have been advised that there is a flying freehold aspect to the property. Our surveyor advised that some lenders will not issue a mortgage on a flying freehold premises.
It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to telephone us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Nag's Head. Conveyancing will be smoother if you use a solicitor in Nag's Head especially if they are acquainted with such properties in Nag's Head.
I'm remortgaging my existing home to a BTL loan with Skipton Building Society and intend to use the remaining equity as a down payment on another property. The area we are talking about is Nag's Head. Will your solicitors be able to act for the two lenders and link together the two deals?
Do use our comparison tool on this site to check that the solicitors are on the appropriate lender panels. Assuming that they are your solicitor should be able to tie up the two conveyancing matters but you should have a chat with you solicitor and make apparent your expectations and needs.