We had chosen conveyancers locally in Mansfield Woodhouse on the Yorkshire BS solicitor panel. They have just invoiced me a separate fee for handling the Yorkshire BS mortgage. Is this an additional conveyancing fee specified by Yorkshire BS?

Provided it is contained in their Terms of Engagement or estimate then yes your lawyer can charge a fee for this. The charge is not set by Yorkshire BS but by your Mansfield Woodhouse conveyancer. Some firms on the Yorkshire BS panel will charge an ‘acting for lender’ fee and others do not.

Intending to buy a flat in Mansfield Woodhouse. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Co-operative conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Mansfield Woodhouse conveyancing practitioner is on the Co-operative conveyancing panel.

TSB have agreed my mortgage in principle, my bid on a house in Mansfield Woodhouse has been agreed to, now what?

The estate agent will need to be advised as to your conveyancing practitioner's details (ensure that the solicitors are on the bank’s panel). Telephone TSB or the financial adviser and finish off any outstanding paperwork. TSB will instruct a valuer who will get in contact with the estate agent or owners to book an appointment. Once carried out (assuming no problems) it takes approximately a fortnight to get a mortgage offer. TSB will send the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Mansfield Woodhouse.

How does conveyancing in Mansfield Woodhouse differ for new build properties?

Most buyers of new build premises in Mansfield Woodhouse approach us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is finished. This is because developers in Mansfield Woodhouse typically purchase 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 conveyancing solicitors 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 Mansfield Woodhouse or who has acted in the same development.

I decided to have a survey done on a property in Mansfield Woodhouse prior to retaining lawyers. I have been told that there is a flying freehold element to the house. My surveyor advised that some banks may not grant a loan on this type of home.

It varies from the lender to lender. Bank of Scotland has different requirements from Nationwide. Should you wish to call us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Mansfield Woodhouse. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Mansfield Woodhouse to see if the conveyancing costs will increase in light of this.

My husband and I are new to the buying process - had an offer accepted, but the agent advised that the seller will only move forward if we use the agent's preferred lawyers as they need an ‘expedited deal’. Our preferred option is to instruct a family conveyancer accustomed to conveyancing in Mansfield Woodhouse

We suspect that the owner is not behind this request. If they desire ‘a quick sale', taking such a hostile approach to a motivated purchaser is not the way to achieve this. Contact the vendors directly and make sure they comprehend that (a)you are serious purchasers (b)you are ready to progress, with finances in place © you have nothing to sell (d) you intend to proceed fast (e)however you are going to appoint your own,trusted Mansfield Woodhouse conveyancing firm - as opposed tothe ones that will provide their negotiator at the agency a commission or meet his conveyancing figures pre-set by corporate headquarters.

Do you have any top tips for leasehold conveyancing in Mansfield Woodhouse from the point of view of saving time on the sale process?

• Much of the frustration in leasehold conveyancing in Mansfield Woodhouse can be reduced if you instruct lawyers as soon as you market your property and ask them to put together the leasehold information which will be required by the buyers’ representatives.
Many landlords or managing agents in Mansfield Woodhouse levy fees for supplying management packs for a leasehold premises. You or your lawyers should enquire as to the actual amount of the charges. The management pack can be applied for as soon as you have a buyer, thus reducing delays. The average time it takes to receive management information is three weeks. It is the most frequent reason for delay in leasehold conveyancing in Mansfield Woodhouse. If you hold a share in a the Management Company, you should ensure that you are holding the original share document. Arranging a duplicate share certificate can be a time consuming process and frustrates many a Mansfield Woodhouse conveyancing deal. Where a duplicate share certificate is necessary, do contact the company director and secretary or managing agents (if relevant) for this as soon as possible. You may think that you are aware of the number of years remaining on your lease but it would be wise to double-check by asking your conveyancers. A buyer’s lawyer will be unlikely to recommend their client to to exchange contracts if the remaining number of years is under 80 years. It is therefore important at an early stage that you identify whether the lease for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale.

Leasehold Conveyancing in Mansfield Woodhouse - Sample of Queries before Purchasing

What is the name of the managing agents? What restrictions are contained in the Mansfield Woodhouse Lease? Is there a share of the freehold?