We are buying a newly built apartment in Highams Park and my solicitor is advising me that she is duty bound to the bank to reveal incentives from the seller. I am under pressure to exchange and I would rather not delay the conveyancing. 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 lender 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.
Having sold my house in Highams Park last September but the buyer keeps SMS messaging me complaining that his conveyancer is waiting to hear from mine. What should my lawyer have done now that I have sold?
After completion of your house sale your conveyancer should forward the transfer deeds and all of the paperwork to the buyer’s solicitors. Depending on the transaction, your solicitor must also send confirmation that the home loan has been redeemed to the purchasers solicitors. There is unlikely to be post completion requirements specific conveyancing in Highams Park.
I used Wolstenholmes a few years past for my conveyancing in Highams Park. I now require my papers however the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing 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 Highams Park of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Highams Park. Conveyancing is daunting 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 are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Highams Park
-
Please confirm the Lease plans are surveyor prepared. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
Due to the input of my in-laws I had a survey completed on a property in Highams Park prior to instructing solicitors. I have been told that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies tend not give a loan on such a property.
It varies from the lender to lender. Lloyds has different instructions from Halifax. Should you wish to call us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Highams Park. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Highams Park to see if the conveyancing costs will increase in light of this.
In sourcing the world wide web for the words conveyancing in Highams Park it brings up many solicitorsin the area. How do I determine which is the suitable conveyancing solicitor for the sale of my house?
The preferential way of seeking a suitable conveyancer is via trusted testimonial, so enquire of colleagues and relatives who have bought a property in Highams Park or a local estate agent or mortgage broker. Charges for conveyancing in Highams Park differ, so it's a good idea to secure at least three estimates from different conveyancers. Dont forget to clarify that the charges are assured not to increase.