Are the Long Eaton conveyancing solicitors identified as being on the Nationwide conveyancing panel, together with their details provided by Nationwide?

Long Eaton conveyancing firms themselves provide us confirmation that they are on the Nationwide conveyancing panel as opposed to being supplied with a list from Nationwide directly.

I have been told that property searches are the number one cause of hinderance in Long Eaton house deals. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not feature within the common causes of hindrances in the conveyancing process. Searches are not likely to feature in any slowing down conveyancing in Long Eaton.

Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what should have been a straight forward, no chain conveyancing. Long Eaton is the location of the property. What do you suggest?

Flying freeholds in Long Eaton are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Long Eaton you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Long Eaton may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.

My company is intending to lease a unit on the high street. Can you recommend conveyancers offering competitive costs for commercial conveyancing in Long Eaton for below 2k?

We can recommend firms who have an in-depth of experience of commercial conveyancing in Long Eaton, including the disposal and acquisition of businesses as well as simply premises. Whether you are looking to purchase or sell a shop, pub, restaurant, office, retail unit or a complete business we can put you in touch with the right firm. As for the fees these will vary based on the structure and complexity of the deal. Please provide us with your details or email us so that we can provide you with comprehensive commercial conveyancing quote.

I own a leasehold flat in Long Eaton. Conveyancing was completed in 2009. I have been told that I should not allow the the remaining lease term to fall too low. Is this correct?

Long Eaton leasehold properties are for a prescribed period - often ninety nine years when they commenced. However a significant appartments in Long Eaton were built or converted in the 60’s and so such leases now have under eighty years remaining. This may sound like plenty of time however Banks, Building Societies and other mortgage companies tend to require leases to have a minimum of seventy five years unexpired to adequate security. Accordingly when you come to sell the property you will need to extend the term of your lease if you are getting close to eighty years. To optimize your property value you should be considering whether to extend your lease well in advance of selling the property. You should note that there are strong financial reasons to doing so before the lease reaches even 80 years as when the lease falls below 80 years the amount you have to pay to extend starts to get a lot more expensive.