Do I have to have a meeting at the offices of the solicitor to sign the legal charge? If so, I will choose one who does conveyancing in Nottingham so that I can attend their offices if necessary.
Nowadays conveyancing panel lawyers for lenders undertake the vast majority of communications via the post, internet or over the phone. This means that they can undertake the legal work for your home move no matter where you live in England or Wales. That being said you can check if you have the option of attending the offices of your conveyancing lawyer if you prefer.
Can you help - my lawyer advises that lack of building regulations insurance is required on my purchase. What is the level of cover for Nottingham conveyancing?
The appropriate level of lack of building regulations indemnity insurance should be dictated by who who your lender is. It would differ for example between National Westminster Bank and Chelsea Building Society. Conveyancing practitioners as opposed to borrowers take out such policies.
I have paid off my mortgage with Leeds Building Society. I assume I don't need a Nottingham conveyancer on the Leeds Building Society panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Leeds Building Society mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Leeds Building Society mortgage from the register. Leeds Building Society, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Leeds Building Society has sent the Land Registry the discharge electronically, and
- Leeds Building Society has instructed the Land Registry to do so
Having read lots of mortgage guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Nottingham solicitor - who is on the Yorkshire BS conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Yorkshire BS will need an independent valuation of the property. Your lawyer will not arrange this. Usually Yorkshire BS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Nottingham postcode. As you are getting a mortgage with Yorkshire BS, you could contact them to see if they have a list of approved surveyors in Nottingham.
Are there restrictive covenants that are commonly picked up during conveyancing in Nottingham?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Nottingham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I have been on the look out for a flat up to £235,500 and identified one close by in Nottingham I like with a park and transport links in the vicinity, however it's only got 49 remaining years left on the lease. There is not much else in Nottingham in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage that many years may be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this.
We're novice buyers - had an offer accepted, yet the selling agent told us that the vendor will only go ahead if we appoint their chosen lawyers as they want a ‘quick sale’. Our preferred option is to instruct a family conveyancer used to conveyancing in Nottingham
We suspect that the owner is not behind this ultimatum. Should the seller desire ‘a quick sale', taking such a hostile approach to a genuine purchaser is going to damage their objectives. Bypass the agents and go straight to the owners and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you wish to move quickly (e)however you will continue to instruct your own,trusted Nottingham conveyancing firm - as opposed tothe ones that will earn the estate agent a kickback or achieve conveyancing thresholds demanded by corporate headquarters.
I am buying a garden maisonette in Nottingham. Conveyancing lawyer is waiting for, from the seller, building insurance schedule. Earlier today I was informed that the seller must forward the insurance schedule for the flat above in addition. Why does my conveyancer need to review the insurance for the flat above? Is it really required? We have been stalled for the last month…
It is not unheard of in leasehold conveyancing in Nottingham to discover Conveyancing in Nottingham in a minority of cases reveals that the lease provides for the tenant's to insure their individual flats rather than the landlord insuring the entire property - which is definitely better. Do check with your conveyancing practitioner but it would appear that your conveyancing practitioner is seeking to verify that the complete building is insured. Insuring your residence is no help when it comes to rebuilding after a fire if the other flat cannot be rebuilt as a result of lack of insurance cover.