We see that you have a search directory listing law firms on the Nottingham conveyancing panel. Do firms pay you a referral fee if I retain them for our conveyancing in Willingham?
We are a listing service only for law firms wishing to communicate if they are on the Nottingham conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Willingham.
I had intended to instruct a conveyancing solicitor in Willingham for our house move. Our broker has since advised us that our mortgage lenders Bank of Ireland won't deal with them. Why is this not regarded as unfair competition?
Before the recession most mortgage companies had a different appetite for risk. Almost all Willingham conveyancing firms would have been on most mortgage company panels. The financial services regulator in 2010 completed a thematic review into mortgage fraud which concluded: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, mortgage companies are increasingly seeing more information from law firms concerning their operations and their employees and set certain criteria such a completing on a minimum volume of transactions. Many Willingham conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Willingham is one of the hundreds of locations where the conveyancers showing on our search results are members of the panel for Bank of Ireland.
The deeds to our house are lost. The lawyers who did the conveyancing in Willingham 5 years ago have long since closed. Will I be able to sell the house?
You no longer need to hold title official documentation to prove you are the owner of your registered land or premises, given that the Land Registry have everything they need in a digital format.
My husband and I are a couple of weeks into a leasehold purchase having been directed to solicitors by the high street agent to handle our conveyancing in Willingham. I am not happy. Could you you assist me in finding new conveyancers?
They would need to be really poor to suggest diss instructing them. Has the loan offer been issued? In the event that it has you must inform them of the new contact details and ensure the loan are re-sent. Your solicitor ideally should be on the banks approved list to avoid escalating expenses and frustration. That should be your first question of the new lawyers. The find a solicitor tool should assist you in finding a lender approved lawyer for your home move in Willingham
I am tempted by the attractive purchase price for a couple of apartments in Willingham both have approximately forty five years unexpired on the lease term. Will this present a problem?
There are plenty of short leases in Willingham. The lease is a right to use the property for a prescribed time frame. As the lease shortens the marketability of the lease reduces and results in it becoming more costly to extend the lease. For this reason it is generally wise to increase the term of the lease. It is often difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on properties of this type. Lease extension can be a difficult process. We advise that you get professional help from a conveyancer and surveyor with experience in this field.
I am the registered owner of a 1 bedroom flat in Willingham, conveyancing was carried out 3 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Willingham with an extended lease are worth £186,000. The average or mid-range amount of ground rent is £55 yearly. The lease terminates on 21st October 2073
With just 52 years unexpired the likely cost is going to be between £29,500 and £34,000 as well as costs.
The figure that we have given is 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 this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.