My partner and I are purchasing a newly constructed duplex in Lower Clapton and my solicitor is telling me that she is duty bound to the bank to disclose incentives from the builder. The Estate Agents are hassling me to exchange contracts and I would rather not delay 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.
We are buying a terrace house in Lower Clapton. The intention is to carry out an extension to the side at the property.Will legal investigations on the property include checks to ascertain if these alterations were previously refused?
Your conveyancer will check the registered title as conveyancing in Lower Clapton can sometimes identify restrictions in the title documents which prevent certain alterations or require the permission of a 3rd party. Some additions call for local authority planning consent and approval in accordance building regulations. Many areas are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these things with a surveyor before you commit yourself to a purchase.
Can you point me to a directory of Bank of Ireland panel conveyancers in Lower Clapton on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such directory service on the CML or Building Society Association websites. A small selection of lending institutions make their panel listings open the public on the web. If you are seeking to appoint a Lower Clapton solicitor on the Bank of Ireland please make the most of our tool.
We have agreed to purchase a house in Lower Clapton. A rare 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 conveyancing instructions contained in Section 2 of UK Finance Lenders’ Handbook for UBS. The Council of Mortgage Lenders’ Handbook includes minimum specifications for solar panel roof-space leases, and solicitors are required to report to UBS where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales and is not isolated to Lower Clapton.
My wife and I have a semi-detached Georgian property in Lower Clapton. Conveyancing solicitor represented me and Nationwide Building Society. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, the second leasehold under the matching property. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Lower Clapton and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with your conveyancing practitioner who conducted the conveyancing.
How does conveyancing in Lower Clapton differ for newly converted properties?
Most buyers of new build property in Lower Clapton approach us having been asked by the builder to exchange contracts and commit to the purchase even before the house is built. This is because developers in Lower Clapton typically acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Lower Clapton or who has acted in the same development.
How do I search for a Lower Clapton law firm on the Barclays conveyancing panel? I am a keen cyclist and am prepared to travel upto 25miles to meet the solicitor.
Feel free to make use of the facility on this page. Please select a bank and your location and you will see a number of Lower Clapton conveyancing lawyers based on proximity. We have listed some Lower Clapton conveyancing firms towards the end of this page and you can telephone them to check whether they are on the Barclays panel
I need to consider costs for conveyancing in Lower Clapton from various conveyancing practitioner and decide on one. Am I right to get them to hold tight until I a suitable flat to buy.
You should wait to ask your property lawyer to start work and submit searches after the sales memo has been sent by the estate agent especially as Lower Clapton conveyancing searches are costly.