It is is a decade since I bought my house in Ollerton. Conveyancing solicitors have recently been appointed on the sale but I can't find the title deeds. Is this a problem?
You need not be too concerned. Firstly the deeds may be kept by your mortgage company or they may stored with the lawyers who oversaw the purchase. Secondly the likelihood is that the land will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors acquiring current official copies of the land registers. Almost all conveyancing in Ollerton relates to registered property but in the rare situation where your home is not registered it adds to the complexity but is not insurmountable.
I am assisting my sister sell her house in Ollerton. Will the solicitor order the energy performance certificate or it is for the owner to coordinate?
Following the abolition of HIPs, EPC’s was kept a mandatory element of moving house. An EPC needs to be commissioned prior to the property being marketed. This is not as aspect of the sale process that solicitors ordinarily arrange. Where you are using a Ollerton conveyancing practitioner they might be able to arrange energy assessments given their relationships with long established local accredited person
is it true that all Ollerton conveyancing solicitors on the Nottingham conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the Nottingham conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. Some banks do permit licenced conveyancers on their panel in which case such practice would be governed by the Council of Licensed Conveyancers.
My husband and I have arranged the release of further funds on our home loan from Virgin Money as we want to conduct improvements to our house in Ollerton. Are we obliged to select a nearby Ollerton solicitor on the Virgin Money conveyancing panel to deal with the legals?
Virgin Money would not normally appoint firms on their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Virgin Money panel.
How does conveyancing in Ollerton differ for new build properties?
Most buyers of new build premises in Ollerton contact us having been asked by the developer to sign contracts and commit to the purchase even before the premises is built. This is because builders in Ollerton typically buy the real estate, 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 property lawyers 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 Ollerton or who has acted in the same development.
We're new on the property ladder - had an offer accepted, but the agent has warned us that the seller will only go ahead if we use the agent's preferred conveyancers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a family solicitor with experience of conveyancing in Ollerton
It is highly unlikely the vendors are driving this. If they require ‘a quick sale', alienating a serious purchaser is going to damage their objectives. Try to communicate with the sellers directly and explain that (a)you are genuine buyers (b)you are excited to move forward, with finances in place © you are unencumbered (d) you wish to move quickly (e)but you intend to appoint your preferred Ollerton conveyancing firm - not the ones that will provide their negotiator at the agency a introducer fee or meet his conveyancing targets pre-set by HQ.
What advice can you give us when it comes to choosing a Ollerton conveyancing firm to deal with our lease extension?
When appointing a conveyancer for your lease extension (regardless if they are a Ollerton conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you make enquires with two or three firms including non Ollerton conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be useful:
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What are the costs for lease extension conveyancing? If they are not ALEP accredited then what is the reason?
Leasehold Conveyancing in Ollerton - A selection of Questions you should ask Prior to buying
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Is there a share of the freehold? It is important to be aware if window replacement or some other major work is anticipated that will be shared between the leasehold owners and could well materially increase the the service fees or result in a specific payment. Where a Ollerton lease has less than eighty years it will have adverse implications on the marketability of the property. Check with your lender that they are willing to lend given the lease term. Leases with less than 80 years remaining means that you will most likely have to extend the lease at some point and you need to have some idea of how much this will be. Remember, in most cases you would be be obliged to have owned the residence for two years before you are legally able to extend the lease.
I am buying a house and need a conveyancing solicitor in Ollerton who is on the bank solicitor panel. Could you point me in the right direction as regards a Ollerton conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the lender who do conveyancing in Ollerton. We dont recommend any particular conveyancing practice.