I am expecting a mortgage offer from Nat West. My intention is to instruct a Licensed Conveyancer in West Bridgford. Does the Nat West Solicitor panel allow for Licensed Conveyancers?
The Nat West conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
My wife and I are nearing an exchange on a house in West Bridgford and my parents have sent the exchange deposit to my solicitor. I am now informed that as the deposit has been received from someone other than me my property lawyer needs to disclose this to my lender. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I advised the mortgage company regarding my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
Your solicitor is obliged to check with the bank to ensure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
I require fast conveyancing in West Bridgford as I am faced with a deadline to sign on the dotted line within one month. A mortgage is not required. Can I escape the need for conveyancing searches to save money and time?
As you are are a cash buyer you have the choice not to have searches carried out although no solicitor would advise that you don't. With plenty of history conveyancing in West Bridgford the following are instances of what can be revealed and therefore affect market value: Enforcement Actions, Overdue Charges, Outstanding Grants, Road Schemes,...
What tools are available to locate a West Bridgford law firm on the Leeds Building Society conveyancing panel? I drive a motor bike and am prepared to travel upto 25kilometers to meet the lawyer.
You can use the facility on this page. Please choose the lender and your location and you will see a number of West Bridgford conveyancing lawyers locally. We have detailed some West Bridgford conveyancing firms at the bottom of this page and you can call them to verify whether they are on the Leeds Building Society approved list
My husband and I are first time buyers - had an offer accepted, yet the selling agent told us that the owners will only go ahead if we use their recommended conveyancers as they want an ‘expedited deal’. My instinct tells me that we should use a local conveyancer used to conveyancing in West Bridgford
We suspect that the owner is unaware of this demand. If they desire ‘a quick sale', alienating a genuine buyer is is going to put the whole deal at risk. Contact the vendors directly and explain that (a)you are serious buyers (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you will continue to appoint your own,trusted West Bridgford conveyancing lawyers - not the ones that will provide their negotiator at the agency a referral fee or meet his conveyancing thresholds pre-set by corporate headquarters.
Last February I purchased a leasehold flat in West Bridgford. Am I liable to pay service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I bought a studio flat in West Bridgford, conveyancing formalities finalised October 2005. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in West Bridgford with an extended lease are worth £201,000. The ground rent is £45 levied per year. The lease comes to an end on 21st October 2089
With just 64 years remaining on your lease the likely cost is going to range between £15,200 and £17,600 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.