Is there a reason why leasehold purchase conveyancing in Nelson is more expensive?
Nelson leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
How do I investigate if the solicitor carrying out my conveyancing in Nelson is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Chelsea Building Society thus spending £192.00 in additional legal charges.
Feel free to make use of the search tool on this web page. Pick the mortgage company and type ‘Nelson’ or your location and you will be presented with numerous conveyancers located in Nelson or near you.
Forgive me if this question is silly but I am unseasoned as a 1st time buyer of a two bedroom flat in Nelson. Do I collect the keys to the property on the completion date from my solicitor? If so, I will instruct a High Street conveyancing solicitor in Nelson?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the completion advance to the seller's solicitors, and once they have received this, you will be able to receive the keys from the property Agents and move into your new home. Usually this occurs between 1 and 3pm.
I am due to exchange contracts on my apartment. I had a double glazing fitted in July 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, RBS are being a right pain. The Nelson solicitor who is on the RBS conveyancing panel is recommending indemnity insurance as a solution but RBS are requiring a building regulation certificate. Why do RBS have a conveyancing panel if they don't accept advice from them?
It is probably the case that RBS have referred the matter to their valuer. The reason why RBS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Planning on purchasing a apartment in Nelson. 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 HSBC 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 Nelson conveyancing practitioner is on the HSBC conveyancing panel.
It has been five months following my purchase conveyancing in Nelson completed. I have checked the Land Registry website 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 residence 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.
Due to the input of my in-laws I had a survey completed on a house in Nelson prior to instructing lawyers. I have been informed that there is a flying freehold aspect to the house. The surveyor advised that some mortgage companies will not grant a loan on this type of premises.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. If you e-mail us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Nelson. Conveyancing may be slightly more expensive based on your lender's requirements.
I have finally had an offer on an flat in Nelson accepted, but there is a chain. The vendors have submitted an offer on somewhere, however it’s not yet tied up, and are looking at other properties booked. I have instructed a local conveyancing lawyer in Nelson. What do I do now? When should I get the mortgage application with Principality going with Principality?
It is normal to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx one thousand pounds, then survey, Nelson conveyancing search fees, etc). The first thing to do is check that your conveyancer is on the Principality conveyancing panel. Regarding the next stages this very much dictated by the uniqueness of your case, desire for this property and on the state of the market. In a rising market some purchasers would apply for the mortgage with Principality and pay for the survey and only if it was satisfactory would they ask their lawyer to proceed with the conveyancing in Nelson.