I am acquiring a newly built apartment in Battersea and my solicitor is advising me that she has to the bank to reveal incentives from the builder. I am nearing the developer’s deadline to sign contracts and I would rather not prolong matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am purchasing a garden flat in Battersea. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Battersea you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Battersea.
We are buying a house and the solicitor has raised the issue of Chancel Repair to which the house could be obligated to pay given it’s proximity to the area of such a church. She has recommended insurance. Is this strictly necessary for conveyancing in Battersea
Unless a prior acquisition of the property completed after 12 October 2013 you can assume that lawyers handling conveyancing in Battersea to continue to propose a a chancel search and or insurance against a claim.
Are there restrictive covenants that are commonly identified during conveyancing in Battersea?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Battersea. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Just had an offer accepted on a new build apartment in Battersea. 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 legal work.
Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Battersea
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. There must be mutual enforceability of lessee’s covenants. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? 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.
Please set a few of compelling benefits to instructing a local conveyancer in Battersea
Many purchasers and sellers in Battersea opt for a nearby high street solicitor so that they can visit if they have questions, and to execute paperwork without using the Royal Mail.
There is a slight benefit in selecting a lawyer nearby to the premises you are buying, due to the familiarity of the area and potential local issues - nevertheless this is debatable. Most conveyancers conduct their communications via email and may be based anywhere.