We are buying a 3 bedroom flat in Nottinghamshire with a mortgage. We have a Nottinghamshire conveyancer, however the mortgage company advise she’s not on their "panel". We have to appoint one of the mortgage company panel conveyancing practices or continue with our Nottinghamshire solicitor and pay for one of their panel ones to act for them. This feels very unfair; are we not able to insist that the mortgage company use our Nottinghamshire property lawyer ?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Nottinghamshire conveyancing solicitor to apply to be on the conveyancing panel.
I am assisting my aunt sell her property in Nottinghamshire. Does the conveyancing solicitor arrange an EPC or it is for the seller to see to?
Following the demise of HIPs, energy assessments was kept a compulsory element of selling a property. An EPC needs to be commissioned prior to the property being marketed. This is not as aspect of the sale process that conveyancers ordinarily organise. If you are using a Nottinghamshire conveyancing practitioner they might be able to arrange energy assessments given their relationships with long established Nottinghamshire energy assessors
Is it the case that all Nottinghamshire CQS (Conveyancing Quality Scheme) solicitors are on the Kent Reliance conveyancing panel?
Some major lenders now make use of CQS as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their approved list of conveyancing solicitors.
Can I be sure that the Nottinghamshire conveyancing solicitor on the Leeds Building Society panel is any good?
When it comes to conveyancing in Nottinghamshire seeking recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the lawyer carrying out your transaction.
How does conveyancing in Nottinghamshire differ for newly converted properties?
Most buyers of new build premises in Nottinghamshire contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is built. This is because house builders in Nottinghamshire tend to buy the real estate, 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 Nottinghamshire or who has acted in the same development.
I have been on the look out for a flat up to £305k and identified one close by in Nottinghamshire I like with amenity areas and transport links nearby, the downside is that it only has 51 years unexpired on the lease. I can't really find anything else in Nottinghamshire in this price bracket, so just wondered if I would be making a mistake buying a short lease?
If you require a mortgage the shortness of the lease may be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
What does commercial conveyancing in Nottinghamshire cover?
Nottinghamshire conveyancing for business premises covers a wide range of guidance, provided by regulated solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.