My wife and I are nearing an exchange on a flat in Petts Wood and my parents have sent the ten percent deposit to my lawyer. I am now informed that as the deposit has not come from me my conveyancing practitioner needs to make a notification to my bank. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is coming from anyone other than me. I disclosed to the bank regarding my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?

The solicitor is duty bound to clarify with mortgage company to make sure that they know that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.

The mortgage over my property is with Co-operative for my property in Petts Wood. Conveyancing has been completed a year ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Co-operative?

Your original mortgage agreement with Co-operative will provide that you need their approval prior to renting your property as this is likely to be a breach of Co-operative’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Co-operative directly. You need not do this via a Co-operative conveyancing panel firm.

Intending to buy a house in Petts Wood. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nationwide conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Petts Wood lawyer is on the Nationwide conveyancing panel.

My offer was accepted on an apartment in Petts Wood on 17/10/2025, valuation was booked 2 days after, received a clean bill of health. Solicitor retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Skipton and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Skipton conveyancing panel. Are Skipton entitled to hold back the Mortgage pending the lawyer being on the approved list?

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

Are there any apps to assist me to search for a Petts Wood law firm on the Nottingham Building Society conveyancing panel? I have wheels and am willing to travel upto 20kilometers to meet the conveyancer.

Feel free to make use of the facility on this page. Please choose the mortgage company and your location and you will see a number of Petts Wood conveyancing lawyers based on proximity. We have listed some Petts Wood conveyancing firms at the bottom of this page and you can call them to verify whether they are on the Nottingham Building Society approved list

I am on look out for some leasehold conveyancing in Petts Wood. Before diving in I want to be sure as to the number of years remaining on the lease.

If the lease is recorded at the land registry - and 99.9% are in Petts Wood - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I am the proprietor of a ground-floor 1950’s flat in Petts Wood. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the premium due for a lease extension?

in cases where there is a missing landlord or if there is disagreement about what the lease extension should cost, under the relevant statutes it is possible to make an application to the Leasehold Valuation Tribunal to calculate the premium.

An example of a Lease Extension matter before the tribunal for a Petts Wood premises is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case related to 1 flat. The unexpired term was 50.57 years.

My fiance and I yesterday discovered that one of the partners of the conveyancing practice undertaking the purchase conveyancing in Petts Wood is a relative of the owners that we are purchasing from. Is this acceptable?

Provided no conflict arises this is allowable. Where you are requiring a home loan then the lender may have a say as many mortgage companies have specific instructions concerning this. For example for Bradford & Bingley as of 11/12/2025, the requirements read as follows :