Am I correct in assuming that the fact that my solicitor in Ruddington is not listed on my bank's solicitor panel that there is a problem with the standard of the firm’s conveyancing?
That would most likely be a wrong assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) low volume of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the Ruddington conveyancing practice and ask them why they are no longer on the approved list for your mortgage company.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Ruddington. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 17/6/2025, the requirements read as follows :
It has been 4 months since my purchase conveyancing in Ruddington completed. I have checked the Land Registry site which shows that I paid £175,000 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 premises 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.
How does conveyancing in Ruddington differ for new build properties?
Most buyers of new build property in Ruddington contact us having been asked by the developer to sign contracts and commit to the purchase even before the premises is constructed. This is because developers in Ruddington tend to purchase the site, 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 conveyancing solicitors 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 Ruddington or who has acted in the same development.
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one near me in Ruddington I like with open areas and station nearby, however it only has 61 years unexpired on the lease. I can't really find anything else in Ruddington suitable, so just wondered if I would be making a grave error acquiring a short lease?
If you need a mortgage that many years may be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
Is it best to go with a Ruddington conveyancing solicitor based in the area that I am hoping to buy? We have a good friend who can execute the legal work however his firm is located 300miles away.
The benefit of a high street Ruddington conveyancing firm is that you can visit the firm to sign paperwork, deliver your identification documents and pester them where appropriate. Having local Ruddington know how is a bonus. However it's more important to get someone that will do a good and efficient job. If other friends have used your friend and in the main were impressed that should trump using an unknown Ruddington conveyancing lawyer solely due to them being round the corner.