I am soon to exchange buying a property in Bulwell but as a consequence of wreckage from a small fire at the property I have was able negotiate compensation from the seller of £3k taking the form of a adjustment in the price. This was going to be addressed as part of a side agreement but Nottingham will not permit this. Should they have been approached?
The solicitor that is on a Nottingham conveyancing panel is obliged to inform Nottingham of any variations to the purchase price. If you prohibit your lawyer to notify the reduction to Nottingham then they would have to discontinue acting for you. In addition, Nottingham and you would have to appoint a new conveyancing practitioner for your conveyancing in Bulwell.
My wife and I purchased a 4 bedroom Victorian house in Bulwell. Conveyancing lawyer acted for me and Bank of Ireland. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, the second leasehold under the exact same address. I'd like to know for sure, how can I find out??
You should read 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 Bulwell 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 question the situation with the conveyancing solicitor who conducted the conveyancing.
The estate agent has sent us the confirmation of our purchase of a new build flat in Bulwell. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Bulwell
The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please supply a car parking plan.
I've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a straight forward, chain free conveyancing. Bulwell is where the house is located. What do you suggest?
Flying freeholds in Bulwell are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Bulwell you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bulwell may decide 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.
Developers have suggested I use a lawyer and I've received an estimate from them. It's nearly three hundred pounds cheaper than my preferred Bulwell property lawyer. Should I use them?
Builders frequently have panels of conveyancers who are quick and who know the developer’s contract and solicitor. As many developers offer an incentive to choose a preferred conveyancer for this reason, any increased cost can be avoided and a builder won't put forward a conveyancing factory and run the risk of having the conveyancing delayed when they need an exchange in 28 days. A counter-argument for not agreeing to use the suggested solicitor is that they may prove hesitant to 'push' your interests at the risk of upsetting the sellers. Where you have concerns that this may be the situation you should keep with your high street Bulwell conveyancing practitioner.