My husband and I are acquiring a newly built duplex in Coxhoe and my lawyer is informing me that she has to the bank to reveal incentives from the developer. I am nearing the developer’s deadline to sign contracts and my preference is not to prolong matters. Is my lawyer right?
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.
It is is a decade since I acquired my property in Coxhoe. Conveyancing lawyers have now been appointed on the sale but I am unable to locate my title documents. Will this jeopardise the sale?
Don’t worry too much. Firstly the deeds may be retained by the mortgage company or they could be in the possession of the solicitor who handled your purchase. Secondly the chances are that the land will be registered at the land registry and you will be able to establish that you own the property by your conveyancing lawyers obtaining current official copies of the land registers. The vast majority of conveyancing in Coxhoe involves registered property but in the unlikely event that your home is not registered it adds to the complexity but is not insurmountable.
Our bank has recommended a law firm on their panel based in Coxhoe but I would rather instruct a conveyancing lawyer in Coxhoe or nearer to where I live. Are you able to help?
It is by no means the case that all Coxhoe conveyancing practitioners are approved and listed on all banks conveyancing panel. Use our find an approved solicitor tool to find a Coxhoe conveyancing conveyancer on the on the mortgage company panel.
Do commercial conveyancing searches reveal planned roadworks that could affect a commercial site in Coxhoe?
Many commercial conveyancing solicitors in Coxhoe will carry out a SiteSolutions Highways report as it reduces the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Coxhoe. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Coxhoe.
For every commercial conveyancing transaction in Coxhoe it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may result in delays to Coxhoe commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Coxhoe.
My partner has urged me to instruct his conveyancers in Coxhoe. Should I find my own solicitor?
No doubt it’s preferable to select a conveyancing solicitor is to seek recommendations from friends or family who have actually previously instructed the firm that you are considering.
Can you offer any advice when it comes to choosing a Coxhoe conveyancing practice to carry out our lease extension conveyancing?
When appointing a conveyancer for your lease extension (regardless if they are a Coxhoe conveyancing practice) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you speak with several firms including non Coxhoe conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be useful:
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Can they put you in touch with clients in Coxhoe who can give a testimonial? What are the charges for lease extension work?
Coxhoe Conveyancing for Leasehold Flats - A selection of Questions you should ask before buying
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How much is the service charge and ground rent on the flat? How many years are left on the lease? The prefered form of lease arrangement is where the freehold reversion is in the ownership of the leaseholders. In this situation the leaseholders benefit from control and even though a managing agent is frequently employed where it is larger than a house conversion, the managing agent acts for the leaseholders themselves.