My wife and I are acquiring a newly built apartment in Miles Platting and my solicitor is advising me that she is duty bound to the lender to disclose incentives from the builder. I am nearing the developer’s deadline 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 lawyer. 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.
I am in the process of mortgaging my home in Miles Platting, does my lawyer need to be on the Nationwide Conveyancing panel?
In theory, you could use a solicitor that is not on the Nationwide conveyancing panel, but Nationwide would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
About to purchase a new build flat in Miles Platting. 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.
Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Miles Platting
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision. 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.
I opted to have a survey carried out on a house in Miles Platting prior to retaining lawyers. I have been told that there is a flying freehold aspect to the property. Our surveyor advised that some lenders tend refuse to grant a loan on this type of property.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. If you contact us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Miles Platting. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Miles Platting to see if the conveyancing costs will increase in light of this.
I'm remortgaging my existing home to a BTL mortgage with Birmingham Midshires and intend to use the remaining equity as a deposit on a second house. The location we are talking about is Miles Platting. Will your conveyancers be able to act for both sets of mortgage companies and link together the two deals?
Make use of our comparison tool on this site to check that the solicitors are approved by both banks. Having checked that they are your solicitor will be able to tie up the two conveyancing matters but you should have a chat with you solicitor and make clear your expectations and requirements.
Is there a distinction between surveying and conveyancing in Miles Platting?
Conveyancing - in Miles Platting or elsewhere - is the legal term given to transferring legal title of property from one person to another. It therefore includes the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re buying and will help you find out about the condition of the building and, if there are problems, give you a powerful reason for negotiating the purchase price down or asking the seller to fix the defects before you move in.