I am considering applying for a Nottingham mortgage for purchase of a newly converted (under development) in Bagillt with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Nottingham ?

There is nothing to stop you using your solicitor, but Nottingham will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.

How does conveyancing in Bagillt differ for newly converted properties?

Most buyers of new build premises in Bagillt come to us having been asked by the builder to exchange contracts and commit to the purchase even before the property is completed. This is because house builders in Bagillt tend to acquire the land, 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 conveyancers 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 used to new build conveyancing in Bagillt or who has acted in the same development.

I opted to have a survey completed on a house in Bagillt prior to retaining lawyers. I have been advised that there is a flying freehold element to the house. My surveyor has said that some banks may refuse to grant a mortgage on this type of premises.

It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. Should you wish to call us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Bagillt. Conveyancing may be slightly more expensive based on your lender's requirements.

Hoping to buy a property located in Bagillt and I am already nervous. I couldn't find anything specific about Bagillt. Conveyancing will be needed in due course but do you know about the Bagillt area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Bagillt. In the meantime here are some basic statistics that we found

Can you offer any advice when it comes to finding a Bagillt conveyancing firm to deal with our lease extension?

If you are instructing a conveyancer for lease extension works (regardless if they are a Bagillt conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you talk with several firms including non Bagillt conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be useful:

Can they put you in touch with clients in Bagillt who can give a testimonial? How familiar is the practice with lease extension legislation?

Bagillt Leasehold Conveyancing - Examples of Questions you should ask Prior to Purchasing

Make sure you enquire if there are any onerous restrictions in the lease. By way of example plenty of leases prohibit pets being allowed in in a block in Bagillt. If you love the propertyin Bagillt however your cat is not allowed to live with you then you will be presented with a hard determination. Does the lease have more than 80 years left?