Do I have to attend the offices of the solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in Kirkby in Ashfield so that I can pop in to their offices when needed.

As opposed to 12 years ago, almost all banks no longer need their conveyancing panel lawyer to witness the mortgagors signature. It will still be necessary for you to provide identification documents and there are still manifest advantages to choosing a locally based ayer, in your case a conveyancing solicitor in Kirkby in Ashfield.

My wife and I are buying a flat in Kirkby in Ashfield. It might be a silly question but how we can trust a solicitor? At some point we have to send funds into their account. What protection do we have from them run away with our monies?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

Forgive me if this question is silly but I am wet behind the ears as a first time purchaser of a two bedroom flat in Kirkby in Ashfield. Do I receive the keys to the property on completion from my conveyancer? If so, I will use a local conveyancing solicitor in Kirkby in Ashfield?

On the day of completion you will not be required to go to the conveyancers office in Kirkby in Ashfield. Conveyancing lawyers for you will arrange to send the completion advance to the owner’s conveyancers, and shortly after the monies have arrived, you should be called to pick up the keys from the property Agents and move into your new home. Usually this happens early afternoon.

I had an offer accepted on an apartment in Kirkby in Ashfield on 22/7/2025, valuation was booked 4 days later, all came back fine. Solicitor retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Nationwide and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Nationwide conveyancing panel. Can the lender hold off the offer?

Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Nationwide to deal with your lawyer's application to be on the Nationwide conveyancing panel. There's no guarantee that your solicitor will be accepted.

How does conveyancing in Kirkby in Ashfield differ for newly converted properties?

Most buyers of new build property in Kirkby in Ashfield approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is constructed. This is because developers in Kirkby in Ashfield tend to acquire the land, 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 Kirkby in Ashfield or who has acted in the same development.

Due to the input of my in-laws I had a survey completed on a house in Kirkby in Ashfield in advance of instructing lawyers. I have been advised that there is a flying freehold element to the property. My surveyor has said that some mortgage companies will refuse to issue a mortgage on a flying freehold premises.

It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. If you e-mail us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Kirkby in Ashfield. Conveyancing may be slightly more expensive based on your lender's requirements.

I am attracted to a two flats in Kirkby in Ashfield both have about 50 years remaining on the leases. Will this present a problem?

There are no two ways about it. A leasehold apartment in Kirkby in Ashfield is a wasting asset as a result of the shortening lease. The closer the lease gets to zero years unexpired, the more it reduces the salability of the premises. The majority of buyers and banks, leases with under eighty years become less and less marketable. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Kirkby in Ashfield conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

Leasehold Conveyancing in Kirkby in Ashfield - Sample of Questions you should ask before buying

The prefered form of lease structure is if the freehold reversion is in the ownership of the leaseholders. In this arrangement the leaseholders enjoy being in charge if their destiny and although a managing agent is frequently retained if the building is larger than a house conversion, the managing agent is directed by the tenants. Its a good idea to discover as much as possible about the managing agents as they will impact your use and enjoyment of the property. As the owner of a leasehold property you are often at the mercy of the managing agents from a financial perspective and when it comes to practical matters such as the tidiness of the common parts. Don't be afraid to ask prospective neighbours if they are happy with their service. In conclusion, investigate as to the dates that you are obliged pay the maintenance charge to the relevant party and specifically what you get for your money.