Will conveyancers request money up-front when it comes to conveyancing in Nailsworth?
If you are buying a property in Nailsworth your lawyer will request that you place them with monies to cover the the cost of the conveyancing searches. Ordinarily this is needed to cover the fees of the conveyancing searches. When the deposit is payable against the sale price then this will be asked for shortly prior to exchange of contracts. The final balance that is needed should be transferred a few days ahead of the day of completion.
We just had an offer accepted to buy with Melton Mowbray Building Society. We have called around locally yet am unable to find a Nailsworth conveyancing firm on the Melton Mowbray Building Society approved list. Can you help?
Feel free to take advantage of the search tool on this site. Pick the mortgage company and type Nailsworth or your location and you will discover a number of lawyer based in Nailsworth or nearest you.
I have been advised by my solicitor that lack of building regulations insurance is needed on my purchase. What is the level of cover for Nailsworth conveyancing?
The right level of lack of building regulations indemnity insurance should be dictated by who who your lender is. It would differ for example between Barclays and Leeds Building Society. Conveyancing practitioners as opposed to borrowers take out such insurances.
I happen to be the only recipient of my late father’s estate with all property in now in my sole name, including the my former home in Nailsworth. Conveyancing formalities meant that the Land Registry date was in April. I plan to dispose of the house. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my property ownership could be treated the same way as if I'd bought the house in April. Is the property unsalable for six months?
The CML handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be impacted by that. Most lenders would take a sensible view as this obligation is chiefly there to pick up on the purchase and immediately sell or the wholesaling and assigning of property.
Completion of my purchase has taken place for my property in Nailsworth. Conveyancing was of an acceptable standard but I would like to complain about the lender. How do I make a complaint?
Almost all lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Department at head office. We understand that complaints to a lender are resolved 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 who will take matters further.
Me and my brother own a semi-detached Georgian house in Nailsworth. Conveyancing lawyer represented me and TSB. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold with the exact same property. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Nailsworth and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with the conveyancing lawyer who conducted the purchase.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a quick, chain free conveyancing. Nailsworth is where the house is located. Can you offer any opinion?
Flying freeholds in Nailsworth are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Nailsworth you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Nailsworth may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.