Can the conveyancing lawyers that you recommend execute conveyancing in Nailsworth by way of an attended exchange?
There are a few conveyancing experts who can conduct one day exchanges. Please call us to receive a conveyancing quote and details as to availability.
We are expecting a mortgage offer soon. The lender mentioned the loan came with free conveyancing. Does this mean I have to use their panel lawyer as I would prefer to use a Nailsworth based conveyancing firm?
Do check but the the likelihood is that appoint one of their panel lawyers should you want the "fee-free" deal. Call the lender and check if they offer you a cash alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor in Nailsworth.
My stepmother informed me that in buying a property in Nailsworth there may be a number of restrictions affecting the ability to carry out external changes to the property. Is this right?
We are aware of a number of properties in Nailsworth which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Nailsworth should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am purchasing a property in Nailsworth. A rare aspect is that the roof has a solar panel. Nottingham have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is Nottingham your lawyer must comply with the formal requirements outlined in Part 2 of UK Finance Lenders’ Handbook for Nottingham. The Council of Mortgage Lenders’ Handbook sets out minimum conditions for solar panel roof-space leases, and conveyancing practitioners are required to report to Nottingham where a lease fails to comply with these conditions. The provisions relate to the installation of panels on properties countrywide and is not limited to Nailsworth.
At last I have had an offer on a maisonette in Nailsworth accepted, the owners do however have a dependent purchase. The sellers have offered on a property, however it’s not yet agreed to, and are looking at other apartments booked. I have chosen a local conveyancing solicitor in Nailsworth. What do I do now? At what point do I apply for the mortgage with Clydesdale?
It is usual to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is approx £1k, then survey, Nailsworth conveyancing search costs, etc). First, you must ensure that your property lawyer is on the Clydesdale conveyancing panel. Concerning the next phase this very much depends on the circumstances of your transaction, attraction to this property and on the state of the market. In a rising market the majority of home buyers will apply for the mortgage with Clydesdale and arrange for the valuation and only if it comes back ok would they request their conveyancer to press on with the conveyancing in Nailsworth.
Over the last few months I have been searching for a ground for flat up to £195,000 and found one near me in Nailsworth I like with amenity areas and station in the vicinity, the downside is that it only has 49 years unexpired on the lease. There is not much else in Nailsworth suitable, so just wondered if I would be making a grave error acquiring a short lease?
If you need a home loan the remaining unexpired lease term will be a potential deal breaker. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
In what way can the Landlord & Tenant Act 1954 affect my commercial offices in Nailsworth and how can you help?
The 1954 Act provides protection to business lessees, granting the dueness to apply to court for a continuation of occupancy at the end of the lease term. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Nailsworth is one of the many locations in which the firms we work with are based
We today become aware that one of the directors of the law firm handling the purchase conveyancing in Nailsworth is a relative of the seller. Is this permitted?
Provided no conflict arises this should be fine. Where you are requiring a mortgage then the mortgage company may have a say as many mortgage companies have specific requirements concerning this. For example for RBS - Direct Line One as of 10/1/2021, the requirements read as follows :