My partner and I are acquiring a newly built apartment in Hackenthorpe and my conveyancer is telling me that she has to the lender to disclose incentives from the seller. I am under pressure to exchange contracts and I don't want 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 mortgage company 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 am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Hackenthorpe. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 15/11/2024, the requirements read as follows :
I happen to be the only recipient of my late grandmother’s estate with all property in now in my sole name, including the my former home in Hackenthorpe. The Hackenthorpe property was put into my name in October. I plan to dispose of the house. I do know about the CML 6 month 'rule', meaning my proprietorship could be regarded the same way as if I'd bought the house in October. Do I have to wait half a year to sell?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. How sensible a view mortgage companies take of it, depend on the mortgage company as this provision is primarily there to pick up on the purchase and immediately sell or the flipping of properties.
I am buying a property in Hackenthorpe. One unusual aspect is that the roof has a solar panel. UBS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is UBS your lawyer must follow the formal instructions set out in Part 2 of UK Finance Lenders’ Handbook for UBS. The CML Handbook stipulates minimum conditions for solar panel roof-space leases, and property lawyers are required to report to UBS where a lease fails to comply with these specifications. The provisions relate to the installation of panels on properties nationwide and is not limited to Hackenthorpe.
About to purchase flat in Hackenthorpe. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Principality conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Hackenthorpe conveyancer is on the Principality conveyancing panel.
Are there restrictive covenants that are commonly identified during conveyancing in Hackenthorpe?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Hackenthorpe. 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…’
What tools are available to search for a Hackenthorpe law firm on the Leeds Building Society conveyancing panel? I have a car and am happy to travel upto 20miles to meet the solicitor.
Feel free to make use of the tool on this page. Please pick a mortgage company and your location and you will see a number of Hackenthorpe conveyancing lawyers locally. We have detailed some Hackenthorpe conveyancing firms towards the end of this page and you can ring them to see whether they are on the Leeds Building Society panel
Am I better off to use a Hackenthorpe conveyancing solicitor in close proximity to the house I am hoping to buy? I have an old university friend who can perform the legal formalities however his firm is located 400kilometers away.
The primary upside of using a high street Hackenthorpe conveyancing firm is that you can visit the firm to sign paperwork, hand in your ID and pester them where appropriate. They will also have local intelligence which is a plus. However it's more important to get someone that will pull out all the stops for you. If other friends have used your friend and they were impressed that should trump using an unfamiliar Hackenthorpe conveyancing solicitor solely due to them being round the corner.