My wife and I are purchasing a newly built duplex in Shillington and my lawyer is telling me that she is duty bound to the mortgage company to reveal incentives from the developer. I am nearing the developer’s deadline to exchange contracts and I have no desire to prolong deal. 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 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.
Completed the sale of my flat in Shillington last November but my buyer keeps telephoning me to moan that their lawyer needs to hear from mine. What are the post completion sale formalities now that I have sold?
Following your house sale your conveyancer is committed to send the transfer documentation and all of the paperwork to the buyer’s solicitors. Where relevant, your lawyer must also send confirmation that the legal charge in favour of the lender has been discharged to the buyers solicitors. There is unlikely to be post completion steps peculiar conveyancing in Shillington.
I have an AIP. The lender mentioned the loan came with free conveyancing. Does this mean I have to appoint their panel solicitor as I would prefer to instruct a Shillington based conveyancing firm?
You should check but the chances are that appoint one of their panel conveyancers if you want the "fee-free" incentive. Call the bank to determine if they allow a cash alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor near Shillington.
We are close to exchanging contracts on the sale of our property in Shillington and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. Any local lawyer would know this is not the case. For the life of me I don't know why the purchasers used a national conveyancing practice rather than a conveyancing solicitor in Shillington. We have lived in Shillington for six years we know that this is a non issue. Do we get in touch with our local Authority to get confirmation that there is no issue.
It would appear that you have a conveyancing firm currently acting for you. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
About to purchase a new build flat in Shillington. Conveyancing is necessary evil 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.
Here is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Shillington
-
The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Forfeiture - bankruptcy or liquidation must not apply under this provision. 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.
My aim is to purchase a ground floor flat in Shillington. Conveyancing lawyer is awaiting, from the vendor, building insurance documents. This morning I was advised that the vendor needs to forward the insurance documents for the flat above as well. Why does my solicitor need to check the insurance for the other flat? Is it really required? We have been stalled for the last fortnight…
It is not impossible in leasehold conveyancing in Shillington to find Conveyancing in Shillington in a minority of cases reveals that the lease provides for the tenant's to insure their individual flats as opposed to the landlord insuring the whole block - which is clearly better. Do contact your conveyancing practitioner but it would appear that your conveyancer is attempting to verify that the whole building is insured. Insuring your residence is no help when it comes to rebuilding after a fire if the 1st floor cannot be reconstructed for lack of insurance cover.