We are buying a flat and need a conveyancing solicitor in Watnall who is on the Bank of Ireland approved panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Bank of Ireland . We don't recommend any particular firms conducting conveyancing in Watnall.
Do I need to visit the offices of the solicitor to sign the legal charge? If so, I will instruct a firm who offer conveyancing in Watnall so that I can pop in to their offices if necessary.
These days approved lawyers for mortgage companies conduct all of the work through Royal Mail, internet or over the phone. This means that they can undertake the conveyancing transaction no matter where you live in England or Wales. However you should check if you have the option of visiting the offices of your conveyancing lawyer if just in case this is required.
I need some expedited conveyancing in Watnall as I am faced with a deadline to exchange contracts in less than 4 weeks. A mortgage is not required. Is it possible to escape the need for conveyancing searches to save fees and time?
As you are are a mortgage free buyer you have the choice not to have searches carried out although no law firm would recommend that you don't. With lots of history conveyancing in Watnall the following are instances of issues that can appear and therefore affect future saleability: Enforcement Actions, Overdue Fees, Overdue Grants, Unadopted Roads,...
My wife and I own a renovated Edwardian property in Watnall. Conveyancing lawyer represented me and Nationwide Building Society. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Watnall and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with the conveyancing solicitor who conducted the work.
I'm purchasing my first flat in Watnall with the aid of help to buy. The sellers would not reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent told me not disclose to my conveyancer about the deal as it could jeopardize my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one close by in Watnall I like with open areas and railway links in the vicinity, the downside is that it's only got 52 years on the lease. There is not much else in Watnall for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a mortgage the shortness of the lease will be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 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 existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.