My wife and I are acquiring a new build flat in Spalding and my conveyancer is informing me that she is duty bound to the mortgage company to disclose incentives from the seller. I am nearing the developer’s deadline to exchange contracts and I have no desire to prolong matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancer. 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.
I have justfound out that Arc property Solicitors have closed. They carried out my conveyancing in Spalding for a purchase of a leasehold apartment 18 months ago. How can I check that the property is in my name in the name of the previous owner?
The easiest method to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Spalding conveyancing specialists.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a simple, chain free conveyancing. Spalding is the location of the property. Can you offer any advice?
Flying freeholds in Spalding are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Spalding you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Spalding may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Given that I am about to spend £400,000 on 3 bedroom house in Spalding I would like to have a conversation with the lawyer concerning thetransaction prior to giving the go ahead to the firm. Is this something that you can arrange?
This is something that we encourage - we would be delighted to talk to you we do not take any clients on without you first talking to the conveyancer due to be conducting your conveyancing in Spalding.There is no ‘factory style conveyancing’ - every client is an important person, not a file reference. The practices that we put you in touch with believe that the fees you are provided with for residential conveyancing in Spalding should be the amount on the final invoice that you end up paying.
I need to retain a conveyancing solicitor for freehold conveyancing in Spalding. I have discover a site which looks to be the ideal offering If it is possible to get all formalities completed via web that would be preferable. Do I need to be concerned? 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?
I'm selling a property in Spalding. I can find my conveyancer's company on the Law Society's list, but I can't see my conveyancer's name on the list. Is this a big problem?
Not all staff in the company must be listed by the regulator. As long there is someone qualified to 'oversee' the conveyancing, the actual day-to-day activity can be conducted by unlicensed staff.