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Recently asked questions about conveyancing in Nottingham

Just had an offer accepted on a new build apartment in Nottingham. Conveyancing is necessary evil 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 conveyancing.

Here are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Nottingham

    Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. 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 provide evidence that the form of Lease proposed has been approved by the Land Registry. Please supply a car parking plan.

Due to the guidance of my in-laws I had a survey completed on a property in Nottingham prior to instructing conveyancers. I have been advised that there is a flying freehold aspect to the house. My surveyor advised that some mortgage companies tend not grant a mortgage on this type of home.

It varies from the lender to lender. Santander has different instructions for example to Halifax. If you e-mail us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Nottingham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Nottingham to see if the conveyancing costs will increase in light of this.

Should I be wary about estate agents that I am dealing with are suggesting a national conveyancing firm rather than a local Nottingham conveyancing firm?

As is the case with lots of service providers, often recommendations from connections can be extremely useful or valuable. Nevertheless there are numerous people with a keen interest in a conveyancing matter; estate agents, financial adviser and mortgage companies might all recommend solicitors to instruct. Sometimes these solicitors might be known to one of the organisations as experts in their field, but occasionally there might be a financial incentive behind the endorsement. You are at liberty to appoint your own conveyancer. However, bear in mind that the majority of mortgage providers operate an approved list of law firms you are obliged to use for the mortgage aspect of your house move.

Planning to exchange soon on a leasehold property in Nottingham. Conveyancing solicitors inform me that they will have a report out to me tomorrow. Are there areas in the report that I should be focusing on?

Your report on title for your leasehold conveyancing in Nottingham should include some of the following:

    The landlord’s rights to access the flat. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. The unexpired lease term. You should receive guidance as what happens when the lease expires, and aware of the importance of the 80 year mark You should be advised what constitutes a Nuisance as far as the lease is concerned Details of the parties to the lease, e.g. these could be the tennant, head lessor, freeholder You should receive a copy of the lease
For details of the information to be contained in your report on your leasehold property in Nottingham please enquire of your conveyancer in ahead of your conveyancing in Nottingham.

I am the registered owner of a ground floor flat in Nottingham, conveyancing was carried out in 2009. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Nottingham with an extended lease are worth £175,000. The ground rent is £65 charged once a year. The lease terminates on 21st October 2083

You have 58 years unexpired we estimate the price of your lease extension to be between £23,800 and £27,400 plus plus your own and the landlord's "reasonable" professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.

Online reading suggests that Nottingham solicitors are more expensive than Nottingham conveyancers in Nottingham to use when purchasing a property. Am I better off using a conveyancer or a solicitor if I am purchasing a house in Nottingham.

When it comes to conveyancing in Nottingham the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.

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Find out more about how flying freehold can affect your the value of a property.