My husband and I are approaching an exchange on a house in Watnall and my parents have sent the 10% deposit to my conveyancer. I am now advised that as the deposit has been sent from someone other than me my lawyer needs to make a notification to my lender. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I disclosed to the lender regarding my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?

Your conveyancing practitioner is obliged to check with lender to make sure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only disclose this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.

As someone clueless as to the Watnall conveyancing process what is your top tip you can impart for the ownership transfer in Watnall

You may not hear this from too many lawyers but conveyancing in Watnall or throughout Nottinghamshire is often a confrontational process. Put another way, when it comes to conveyancing there exists lots of opportunity for confrontation between you and others involved in the home moving process. For instance, the seller, estate agent and on occasion a mortgage company. Selecting a law firm for your conveyancing in Watnall should not be taken lightly as your conveyancer is your adviser, and is the ONE person in the transaction whose role it is to look after your best interests and to keep you safe.

There is a distinct emergence of a "blame" culture- someone must be blamed for the process being so protracted. We recommend that you your first instinct should be to trust your lawyer ahead of all other parties when it comes to the legal transfer of property.

A friend suggested that if I am purchasing in Watnall I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

A search of this type is occasionally included in the estimate for your Watnall conveyancing searches. It is a large document of about 40 pages, listing and setting out significant information about Watnall around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful data about Watnall.

I'm refinancing my current property to a BTL mortgage with Virgin Money and I will use the ballance of the raised equity towards further property. The area we are talking about is Watnall. Will your lawyers be able to act for the two lenders and tie in the conveyances?

Make use of our search tool on this site to check that the conveyancers are on the appropriate lender panels. Assuming that they are your solicitor should be able to tie up the two deals but you should have a chat with you conveyancer and make apparent your desired outcome and needs.

What advice can you give us when it comes to appointing a Watnall conveyancing firm to deal with our lease extension?

If you are instructing a solicitor for lease extension works (regardless if they are a Watnall conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you speak with several firms including non Watnall conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be of use:

What are the legal fees for lease extension conveyancing? How experienced is the practice with lease extension legislation?

Leasehold Conveyancing in Watnall - A selection of Questions you should consider Prior to buying

It is important to be aware if changing the roof or some other significant cost is coming up that will be shared between the leaseholders and could well materially increase the the service charges or necessitate a one time payment. The best form of lease structure is if the freehold reversion is owned by the leaseholders. In this scenario the leaseholders enjoy control and even though a managing agent is usually employed if the building is bigger than a house conversion, the managing agent acts for the leaseholders themselves. It would be prudent to discover as much as possible about the managing agents as they will affect your use and enjoyment of the property. Being a leasehold owner you will be at the mercy of the managing agents both financially and when it comes to every day issues such as the tidiness of the common parts. Enquire of prospective neighbours what they think of their management. Finally, investigate as to the dates that the service fees are due to the managing agents and precisely how they are spending the funds.