I am in the throes of changing my current residential loan to a BTL Nottingham Building Society mortgage. I have been informed by my broker that I must appoint a conveyancer for this. I had a chat my former Edith Weston conveyancing firm who acted on my behalf when I first purchased the property. The quote provided of just over five hundred pounds is surprising as its a remortgage than a sale or purchase.

The estimate fees are a tad high. If you you were to look around you might decrease the fees marginally by as much as £125. That being said, providing that you were content with the legal work the firm provided you couldcome to regret choosing an an unknown conveyancer. Don't forget to ensure that the conveyancer can also act for Nottingham Building Society. You can use our search tool to choose a Edith Weston conveyancing firm on the Nottingham Building Society approved list of lawyers, which can often include conveyancing solicitors in Edith Weston.

Due to move into my new home in Edith Weston next Tuesday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the lender. What does the insurance need to cover?

All property lawyers on acting for mortgage companies would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 requirements. These obligations are not specific to conveyancing in Edith Weston.

I'm buying my first flat in Edith Weston with a loan from Lloyds TSB Bank. The developers would not reduce the amount so I negotiated five thousand pounds worth of additionals instead. The sale representative told me not to tell my solicitor about this deal as it may jeopardize my loan with the bank. 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'm converting the mortgage on my current home to a BTL loan with Nottingham Building Society and intend to use the remaining equity as a down payment on another property. The neighborhood we are interested in is Edith Weston. Will your conveyancers be able to act for both sets of mortgage companies and tie in the transactions?

Do use our search tool on this page to ensure that the lawyers are on the appropriate lender panels. Assuming that they are your solicitor will be able to simultaneously deal with the two transactions but you should talk with you solicitor and communicate your desired outcome and needs.

Why do I have to provide my property lawyer with numerous items of ID before they can commence with my conveyancing in Edith Weston?

Edith Weston lawyers are duty bound by the Law Society, Solicitors Regulation Authority, HMLR and current Money Laundering legislation to record that the have checked the identity of their clients. It will also be a condition of your mortgage offer. Furthermore they have to complete various forms, particularly those relating to stamp duty land tax and need to have details such as your full names, national insurance number and DOB.