My wife and I are purchasing a newly built apartment in Prescot and my conveyancer is advising me that she is duty bound to the mortgage company to disclose incentives from the developer. The Estate Agents are hassling me to exchange contracts and I have no desire to delay matters. 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 mortgage company 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.
How up to date is your database of Prescot solicitors on the Nationwide conveyancing panel? Do Nationwide send you an updated list?
Prescot conveyancing firms themselves provide us confirmation that they are on the Nationwide conveyancing panel as opposed to being supplied with a list from Nationwide directly.
I was pointed in your direction by a couple of local selling agents in Prescot to select a conveyancer using your seach tool. Is there a financial incentive for Estate Agents to offer your lawyers over and above another?
We don’t give any financial incentive for pointing buyers and sellers to this site. We thought it would be too underhand a fee because members of the public would think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
As co-executor for the will of my aunt I am selling a house in Neath but I am based in Prescot. My conveyancer (based 300 kilometers from mehas requested that I sign a statutory declaration prior to the transaction finalising. Can you recommend a conveyancing practitioner in Prescot who can witness and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are Prescot based
I've recently bought a leasehold flat in Prescot. Do I have any liability for service charges for periods before my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Prescot Leasehold Conveyancing - Examples of Queries before Purchasing
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Are any of leasehold owners in dispute over their service charge payments? How is the lease structured?
How do I identify auction conveyancing in Prescot?
Option 1 is to ask the people you trust they would would seek assistance from. Option 2 is to use a search tool on the internet for conveyancing in Prescot. Phone two or three from the list and ask them to email you their conveyancing fees and speak to the lawyer who will handle your conveyancing before you make your choice. Third is to use this site to assist you in finding the right lawyers for you based on your unique factors including location,speed, complexity and who your intended lender is.Resist the temptation to appoint £99 conveyancing solicitors in Prescot