We are acquiring a new build duplex in Bishopston and my solicitor is informing me that she has to the lender to disclose incentives from the developer. I am under pressure to exchange and I don't want to prolong deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook specifications. 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 have a decision in principle. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to use their panel lawyer as I would prefer to use a Bishopston based conveyancing firm?
Do check but the the likelihood is that appoint one of their panel solicitors where you take up the "fee-free" deal. Speak to the mortgage company and check if they make available a cash alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor near Bishopston.
Me and my partner are buying a flat in Bishopston. It might be a silly question but how we can trust a lawyer? At some point we will need to deposit money 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.
We are planning to move house in April. Will my conveyancing solicitor update the removal company on the completion day. On a separate note, can you recommend a removal company in Bishopston. Conveyancing firm was found prior to coming across your website.
On the afternoon of completion you can collect the house keys from the selling agent however this should only be done once the vendors solicitors inform the agent that the monies to complete are in and the keys can be handed over. After that you should advise the removal men that they can start moving you in. We do not suggest a specific removal company but can assist you in choosing a residential property solicitor in Bishopston or a solicitor with expertise in conveyancing in Bishopston.
I have paid off my mortgage with TSB. I assume I don't need a Bishopston conveyancing practitioner on the TSB panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your TSB mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the TSB mortgage from the register. TSB, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where TSB has sent the Land Registry the discharge electronically, and
- TSB has instructed the Land Registry to do so
Is it necessary to pay for insurance to address the risk of chancel repairs when buying a residence in Bishopston?
Unless a prior purchase of the property took place post 12 October 2013 you could take it that lawyers handling conveyancing in Bishopston to continue to recommend a chancel search and or chancel repair liability insurance.
I used Wolstenholmes several years past for my conveyancing in Bishopston. Now, I need my documents but the law firm is no longer operating. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Bishopston of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am buying a new build flat in Bishopston. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Bishopston
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Forfeiture - bankruptcy or liquidation must not apply under this provision.