Having sold my house in Nottingham last September yet the purchaser is texting me to moan that her solicitor is waiting to hear from mine. What are the post completion sale legalities following completion?
After completion of your disposal your conveyancer should send the transfer documentation and all additional paperwork to the buyer’s lawyers. Depending on the transaction, your lawyer must also confirm that the legal charge in favour of the lender has been discharged to the buyers conveyancers. There is unlikely to be post completion requirements specific conveyancing in Nottingham.
Do I have to visit the offices of the solicitor to sign the legal charge? If so, I will instruct a firm who offer conveyancing in Nottingham so that I can attend their offices when needed.
As opposed to 15 years ago, almost all lenders no longer require their conveyancing panel lawyer to witness the mortgagors signature. It will still be necessary for you to supply ID documents and there are still manifest benefits to instructing a locally based solicitor, in your situation a conveyancing solicitor in Nottingham.
I used Action Conveyancing a few years ago for my conveyancing in Nottingham. Now, I need my documents but the law firm has closed. What do I do?
You should contact 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 Nottingham of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Nottingham differ for new build properties?
Most buyers of new build or newly converted property in Nottingham approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is finished. This is because developers in Nottingham tend to buy the land, 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 conveyancers 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 Nottingham or who has acted in the same development.
I decided to have a survey completed on a house in Nottingham ahead of retaining solicitors. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some banks tend refuse to issue a loan on this type of property.
It varies from the lender to lender. Lloyds has different requirements for example to Nationwide. Should you wish to telephone us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Nottingham. Conveyancing will be smoother if you use a solicitor in Nottingham especially if they regularly deal with such properties in Nottingham.
If all goes to plan we aim to complete the disposal of our £200,000 flat in Nottingham on Wednesday in a week. The managing agents has quoted £324 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge an administration fee for a flat conveyance in Nottingham?
Nottingham conveyancing on leasehold maisonettes more often than not involves the buyer’s conveyancer submitting enquiries for the landlord to answer. Although the landlord is not legally bound to respond to these enquiries the majority will be content to assist. They are at liberty to charge a reasonable charge for answering enquiries or supplying documentation. There is no set fee. The average fee for the information that you are referring to is over three hundred pounds, in some cases it exceeds £800. The management information fee invoiced by the landlord must be accompanied by a synopsis of rights and obligations in relation to administration charges, without which the invoice is technically not due. In reality one has little choice but to pay whatever is requested of you if you want to exchange contracts with the buyer.
I purchased a garden flat in Nottingham, conveyancing was carried out August 2000. Can you work out an approximate cost of a lease extension? Equivalent properties in Nottingham with a long lease are worth £191,000. The ground rent is £55 invoiced annually. The lease ceases on 21st October 2079
With 53 years left to run the likely cost is going to be between £27,600 and £31,800 plus professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.