My husband and I are acquiring a newly constructed flat in Northumberland Heath and my conveyancer is telling me that she is duty bound to the mortgage company to reveal incentives from the developer. The Estate Agents are hassling me to exchange and I have no desire to delay deal. is my lawyer playing by the book?
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.
How up to date is your search tool for Northumberland Heath conveyancing solicitors on the Clydesdale conveyancing panel? Do Clydesdale send you an updated list?
Northumberland Heath conveyancing firms themselves provide us confirmation that they are on the Clydesdale conveyancing panel as opposed to being supplied with a list from Clydesdale directly.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Northumberland Heath. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 25/5/2025, the requirements read as follows :
The estate agent has sent us the confirmation of our purchase of a new build flat in Northumberland Heath. 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 is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Northumberland Heath
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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 Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply a car parking plan. There must be mutual enforceability of lessee’s covenants.
Over the last few months I have been searching for a ground for flat up to £195,000 and found one near me in Northumberland Heath I like with amenity areas and railway links in the vicinity, the downside is that it's only got 61 years unexpired on the lease. I can't really find anything else in Northumberland Heath in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan the shortness of the lease may be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
How simple is it to use the search app to choose a conveyancing solicitor in Northumberland Heath on the authorised to act for my mortgage?
First choose a mortgage company such as National Westminster Bank, Barnsley Building Society or Nottingham Building Society then type in your location for instance Northumberland Heath. Conveyancing firms in Northumberland Heath and nationally will then be identified.