My financial adviser says he needs my Cotham lawyer’ panel member for the Nationwide conveyancing panel. What is the best way to find this out. I have tried my local Cotham office but they have not responded to me.
Have you tried contacting your Cotham lawyer about this?. Most Cotham law firms will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each mortgage company.
The Cotham conveyancing firm handling our Cotham conveyancing has uncovered a difference between the information in the home valuation survey and what is revealed within the conveyancing documents. My lawyer informs me that he must ensure that the lender is OK with this discrepancy and is content to go ahead. Is my lawyer’s course or action legitimate?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
My wife and I purchasing a detached bungalow in Cotham. Our aim is to convert the garage to an office at the property.Will legal investigations on the property include checks to see if these alterations are permitted?
Your solicitor should review the deeds as conveyancing in Cotham will occasionally identify restrictions in the title deeds which prohibit categories of changes or need the permission of another owner. Many additions require local authority planning permissions and approval in compliance with building regulations. Some areas are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these things with a surveyor ahead of any purchase.
Can you point me to a directory of Nationwide panel solicitors in Cotham on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. A small selection of mortgage companies make their panel listings visible on the web. If you are looking for a Cotham lawyer on the Nationwide please make the most of our facility.
I am currently in the process of buying my council flat in Cotham. I have a mortgage offer with Barclays. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Barclays, you will need to appoint a solicitor on the Barclays conveyancing panel.
How does conveyancing in Cotham differ for new build properties?
Most buyers of new build residence in Cotham approach us having been asked by the developer to sign contracts and commit to the purchase even before the house is built. This is because builders in Cotham tend to purchase the site, 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 conveyancers 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 accustomed to new build conveyancing in Cotham or who has acted in the same development.
I've recently found out that there is a flying freehold element on a house I have offered on last month in what was supposed to be a simple, no chain conveyancing. Cotham is where the house is located. Can you shed any light on this issue?
Flying freeholds in Cotham are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cotham you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cotham 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.