Is there a reason why leasehold purchase conveyancing in Eastwood costs more?

In summary, leasehold conveyancing in Eastwood and Nottinghamshire usually warrants extra work compared to freehold conveyancing. This includes analysing the lease terms, corresponding with the landlord concerning serving appropriate notices, securing up-to-date service charge and management information, obtaining the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different leaseholders have owned the lease since it was first entered into.

My husband and I have arranged the release of further monies on our mortgage from Nationwide as we want to conduct a loft conversion to our house in Eastwood. Are we obliged to select a bricks and mortar Eastwood solicitor on the Nationwide conveyancing panel to handle the paperwork?

Nationwide do not ordinarily appoint a member of their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Nationwide list.

My husband and I are in the throws of looking at apartments in Eastwood and I am about to put in an offer. Should I already have a conveyancing practitioner appointed at this stage? I am planning to take a home loan with HSBC.

It would be prudent to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. As you are obtaining a mortgage with HSBC, ask your prospective lawyers if they are on the HSBC conveyancing panel otherwise they can't do the mortgage legal work.

Completion of my purchase has taken place for my property in Eastwood. Conveyancing was satisfactory but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?

Almost all banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Team at head office. Ordinarily complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.

I'm purchasing my first flat in Eastwood with the aid of help to buy. The sellers would not move on the price so I negotiated 6k of extras instead. The sale representative advised me not inform my conveyancer about the deal as it could impact my mortgage with the lender. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the builder 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.

I opted to have a survey completed on a property in Eastwood in advance of retaining solicitors. I have been informed that there is a flying freehold element to the property. Our surveyor advised that some mortgage companies tend refuse to give a loan on such a home.

It depends who your proposed lender is. Santander has different requirements for example to Birmingham Midshires. Should you wish to call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Eastwood. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Eastwood to see if the conveyancing will be more expensive.

Can you shed any light on the scope of conveyancing provided by Eastwood conveyancing companies?

Generally most Eastwood conveyancing firms tend to conduct a number of legal advice to domestic and rural land owners, sellers, buyers, landlords and tenants assistingwith some of the following:

Standard residential sale conveyancing in Eastwood or across the country Domestic purchase conveyancing in Eastwood and beyond Transfers of Equity - varying ownership into joint or sole names Adverse possession claims — advising you on whether you have a claim to ownership of land in Eastwood through a lengthy period of occupation or whether the property you are acquiring or selling may be subject to such a claim Registering an unregistered property Option and Exclusivity Agreements