My wife and I are soon to exchange on the purchase of a property in Nottinghamshire but as a consequence of wreckage from the recent storms I have managed to agree compensation from the owner of £2k in the form of a adjustment in the price. I had intended this to be addressed as part of the conveyancing process but Santander will not permit this. Why were they informed?
Any lawyer that is on a Santander conveyancing panel is duty bound to advise Santander of any amendments to the purchase price. If you were to refuse your solicitor to notify the price change to Santander then they would have to discontinue acting for you. In addition, Santander and you would have to appoint a new lawyer for your conveyancing in Nottinghamshire.
It has been 4 months since my purchase conveyancing in Nottinghamshire concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been recommended by a number of property agents in Nottinghamshire to find a solicitor on your site. What’s the financial advantage for Estate Agents to market your services over a competitor’s?
We don’t give any referral fee for directing people our way. We thought it would be too underhand to pay a commission as home movers will think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I wish to let out my leasehold apartment in Nottinghamshire. Conveyancing solicitor who did the purchase is retired - so can't ask him. Is permission from the freeholder required?
A lease dictates the relationship between the freeholder and you the flat owner; in particular, it will say if subletting is not allowed, or permitted but only subject to certain conditions. The accepted inference is that if the lease contains no specific ban or restriction, subletting is allowed. The majority of leases in Nottinghamshire do not prevent an absolute prevention of subletting – such a clause would adversely affect the market value the property. In most cases there is simply a requirement that the owner notifies the freeholder, possibly supplying a copy of the tenancy agreement.
Leasehold Conveyancing in Nottinghamshire - Examples of Queries Prior to Purchasing
This question is helpful as a) areas can cause problems in the building as the common areas may start to deteriorate if repairs remain unpaid b) if the leaseholders have a dispute with the running of the building you will need to have all the details Who manages the building? Please note that where the lease has no more than eighty years it will impact the salability of the apartment. Check with your mortgage company that they are happy with residual term of the lease. A short lease means that you will most likely require a lease extension at some point and it is worth finding out how much this will be. Remember, in most cases you will be required to have owned the residence for a couple of years in order to be eligible to extend the lease.
My dad completed his conveyancing in Nottinghamshire 7 years ago. He has been wed, divorced and has recently married again. He will be marketing the flat this October. I think he will just be asked to provide a copy of his marriage certificates to the solicitor however he is anxious it could frustrate the home sale. Is it worth updating the Land Registry details for the property?
You are not required to bring up to date the register on the basis that you have the proof needed to show how the name change occurred.
Any buyer’s lawyer will check the registered details and request evidence to establish the name change for example marriage certificates.