We are purchasing a new build apartment in Nailsworth and my conveyancer is telling me that she is duty bound to the lender to reveal incentives from the builder. The Estate Agents are hassling me to exchange and my preference is not to delay deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We are buying a property and require a conveyancing solicitor in Nailsworth who is on the Bank of Ireland approved panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Bank of Ireland . We don't recommend any particular firms conducting conveyancing in Nailsworth.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Nailsworth. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 2/8/2025, the requirements read as follows :
My bid for a property was accepted at auction in Nailsworth. Conveyancing is needed. What is next?
Given that you have now for in every practical sense signed on the dotted line you now have to retain a conveyancing lawyer soon as you now have a tight a drop dead date to complete the deal. An auction property will have a bespoke legal pack. This should include most,if not all of the documents that your solicitor requires. In the case of leasehold premises the auction papers should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to a leasehold property. You need to pass this on to your appointed conveyancing solicitor as soon as possible. You also need to ensure that your finances are in place to complete the transaction on the set completion date.
Intending to buy a maisonette in Nailsworth. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Leeds Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Nailsworth property lawyer is on the Leeds Building Society conveyancing panel.
I have finally had an offer on a maisonette in Nailsworth accepted, but there is a chain. The owners have placed an offer on a property, but it’s not yet agreed to, and are looking at other apartments booked. I have selected a local conveyancing solicitor in Nailsworth. What do I do now? At what point should I apply for the mortgage with Leeds Building Society?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is in the region of £1k, then valuation, Nailsworth conveyancing search costs, etc). First, you must check that your lawyer is on the Leeds Building Society approved list. Concerning the next steps this very much depends on the uniqueness of your transaction, desire for the property and on the state of the market. In a buoyant market many buyers will apply for the mortgage with Leeds Building Society and pay for the valuation and only if it comes back ok would they pay their conveyancer to press on with the conveyancing in Nailsworth.
I used Arc property Solicitors several years ago for my conveyancing in Nailsworth. Now, I need the documents however the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Nailsworth of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am looking for a ground for flat up to £245,000 and identified one near me in Nailsworth I like with a park and station nearby, however it's only got 61 years unexpired on the lease. There is not much else in Nailsworth for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a home loan the remaining unexpired lease term may be a potential deal breaker. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.