My wife and I are purchasing a new build flat in Much Wenlock and my conveyancer is telling me that she has to the bank to reveal incentives from the developer. The Estate Agents are hassling me to exchange and I would rather not prolong the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Is there a search tool that I can use to investigate if the solicitor carrying out my conveyancing in Much Wenlock is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for The Mortgage Works thus spending £187.00 plus VAT in additional conveyancing fees.
Feel free to make the most of the search tool on this site. Pick the mortgage company and type ‘Much Wenlock’ or your preferred area and you will see a number of lawyer based in Much Wenlock or by proximity to you.
Just had an offer accepted on a new build apartment in Much Wenlock. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Much Wenlock
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Please confirm the Lease plans are surveyor prepared. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I opted to have a survey carried out on a house in Much Wenlock ahead of retaining solicitors. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some banks may not give a mortgage on this type of premises.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. Should you wish to telephone us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Much Wenlock. Conveyancing will be smoother if you use a solicitor in Much Wenlock especially if they are familiar with such properties in Much Wenlock.
I am looking into buying my first house which is in Much Wenlock and I am already nervous. I couldn't find anything specific about Much Wenlock. Conveyancing will be needed in due course but do you know about the Much Wenlock area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Much Wenlock. In the meantime here are some basic statistics that we found
I need to appoint a conveyancing solicitor for my conveyancing in Much Wenlock. I have discover a site which seems to have the ideal solution If it is possible to get all formalities done via web that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?