I am acquiring a newly constructed apartment in Dalston and my conveyancer is informing me that she has to the bank to reveal incentives from the builder. The Estate Agents are hassling me to sign contracts and my preference is not to delay matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
As someone clueless as to the Dalston conveyancing process what’s the number one tip you can impart for the house moving process in Dalston
Not many law firms or advisers will tell you this but conveyancing in Dalston and elsewhere in London is an adversarial process. Put another way, when it comes to conveyancing there is lots of opportunity for conflict between you and others involved in the ownership transfer. For example, the seller, property agent and even potentially the mortgage company. Appointing a solicitor for your conveyancing in Dalston is a critical decision as your conveyancer is your adviser, and is the SOLE party in the process whose interest is to look after your legal interests and to protect you.
Every so often a third party with a vested interest will attempt to persuade you that it is in your interests to do things their way. For instance, the property agent may claim to be helping by claiming that your conveyancer is dragging his heels. Or your financial adviser may advise you to do take action that is against your solicitors recommendation. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
I have 7378 less than 75 years remaining on my lease and need a lease extension for my flat in Dalston. Conveyancing solicitors on the Tesco Bank panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 18/2/2025 the requirements read as follows :
We are purchasing a 4 bedroom semi-detached house in Dalston. We would like to carry out an extension to the side at the property.Will legal conveyancing on the property include checks to ascertain if these alterations are permitted?
Your conveyancer will review the registered title as conveyancing in Dalston will on occasion reveal restrictions in the title documents which restrict categories of works or require the consent of a 3rd party. Certain additions require local authority planning permissions and approval in accordance building regulations. Certain areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be prudent to check these things with a surveyor before you commit yourself to a purchase.
I've read lots of mortgage guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Dalston solicitor - who is on the Bank of Ireland conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Bank of Ireland will need an independent valuation of the property. Your lawyer will not arrange this. Usually Bank of Ireland will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your property lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Dalston postcode. As you are getting a mortgage with Bank of Ireland, you could contact them to see if they have a list of approved surveyors in Dalston.
UBS have agreed my mortgage in principle, my offer on a flat in Dalston has been agreed to, what are the next steps?
The estate agent will want to know who your solicitors are (ensure that the conveyancers are on the bank’s panel). Call up UBS or your financial adviser and finish off any relevant forms. UBS will appoint a valuer who will get in contact with the selling agent or vendor to arrange a time for the valuation to take place. Once conducted (assuming no problems) it takes approximately ten days for the mortgage offer to be issued. UBS will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Dalston.
I'm buying my first flat in Dalston with a mortgage from Yorkshire Building Society. The sellers would not move on the price so I negotiated five thousand pounds worth of additionals instead. The house builders rep suggested that I not disclose to my solicitor about this side-deal as it may adversely affect my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Looking forward to complete next month on a garden flat in Dalston. Conveyancing solicitors have said that they are sending me a report next week. What should I be looking out for?
Your report on title for your leasehold conveyancing in Dalston should include some of the following:
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What remedies are open the freeholder should you breach a clause of your lease? Are you allowed to have a pet in the flat? You should be sent a copy of the lease What you can do if another leaseholder in the building breaches a clause of their lease? Where does the liability rest to repair and maintain the block. It is essential that you know who is duty bound to repair and maintenance of every part of the building
I have tried to negotiate informally with with my landlord for a lease extension without getting anywhere. Can a leaseholder apply to the Leasehold Valuation Tribunal? Can you recommend a Dalston conveyancing firm to represent me?
Absolutely. We are happy to put you in touch with a Dalston conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Dalston flat is 150 Amhurst Road in December 2013. The tribunal concluded that the premium to be paid by the applicant for the enfranchisement of the subject property was £43,500. This case was in relation to 4 flats. The unexpired residue of the current lease was 90 (or thereabouts).