We're in Cotgrave, First timers buying with a mortgage (lender is Bank of Ireland , and our lawyer is on the Bank of Ireland conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Bank of Ireland conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

Just had an offer accepted on a new build apartment in Cotgrave. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Cotgrave

Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.

Over the last few months I have been searching for a leasehold apartment up to £195,000 and found one near me in Cotgrave I like with amenity areas and station nearby, however it only has 51 remaining years left on the lease. There is not much else in Cotgrave for this price, so just wondered if I would be making a grave error buying a short lease?

Should you need a home loan the shortness of the lease will be problematic. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.

I am a sole trader wishing to take an assignment of a lease of a shop on the high street. Can you recommend lawyers offering competitive fees for commercial conveyancing in Cotgrave for less than 1500k?

We can recommend firms who host a wealth of experience of commercial conveyancing in Cotgrave, including the disposal and purchase of businesses as well as simply premises. Whether you are hoping to buy or sell a shop, pub, restaurant, office, retail premises or a whole business we will find you the right lawyer. As for the fees these will vary based on the structure and nuances of the proposed transaction. Please provide us with your details or call us so that we may supply you with comprehensive commercial conveyancing quote.

We are looking to acquire a repression property in Cotgrave and the vendor demand completion within 28 days. Can a conveyancing practitioner meet that timeframe? Would it be better to instruct a local Cotgrave firm or an online firm that advertises to offer speedy conveyancing?

Visit your Cotgrave shopping parade. Go in to 3 companies and request to see a conveyancing solicitor for an estimate. Set out your requirements and seek assurances on time frames. Appoint the firm that comes across as most genuine. Make sure to use a conveyancing practitioner on the panel of conveyancers who can act for your mortgage company.