My husband and I are buying a new build apartment in Diss and my solicitor is advising me that she has to the mortgage company to reveal incentives from the developer. I am nearing the developer’s deadline to sign contracts and I would rather not prolong deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your solicitor. 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.
Finally the sale completed on my house in Diss last December but the buyer keeps e-mailing me to moan that their conveyancer needs to hear from mine. What are the post completion sale formalities following completion?
Post completion of your house sale your solicitor should deliver the transfer deeds and all additional paperwork to the purchaser's lawyers. Where relevant, your conveyancer must also send confirmation that the legal charge in favour of the lender has been repaid to the purchasers conveyancers. There is unlikely to be post completion tasks unique to conveyancing in Diss.
My flat in Diss is up for sale and I have accepted an offer. Will the property lawyer have to be required to be on the Clydesdale conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Clydesdale conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently in recent years.
I completed on my house on 4 January and the transaction details are still not on the land registry website. Need I be worried? My conveyancing solicitor in Diss advises it would be registered inside ten days. Are properties in Diss uniquely lengthy to register?
There is nothing unique about conveyancing in Diss registration formalities. As opposed to being determined by geographic area, timeframes can adjust subject to who lodges the application, whether there are errors and if the Land registry need to notify any third persons or bodies. Currently approximately three quarters of submission are completed within two weeks but occasionally there can be extensive delays. Historically registration takes place once the purchaser is living at the property so an expedited registration is not usually top priority yet where it is urgent that the the registration takes place urgently then you or your lawyers could communicate with the Registry to express the reasoning for the application to be prioritised.
About to purchase a new build flat in Diss. 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 conveyancing.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Diss
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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. Please supply a car parking plan. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? 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. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
What if there is an issue with one of the searches for my conveyancing in Diss?
On the whole, the majority of adverse entries arising from Diss conveyancing search responses can be handled prior to completion or indemnity insurance may be put in place. You need to remember that although you intend on purchasing the property and may be willing to accept the search results, your mortgage lender may not, and ultimately they have the word say.