I have just been advised by my IFA that my Wilton lawyer is not on the bank Solicitor panel. How can I be certain if this is indeed the case?
The sensible course of action for you to take is to call your Wilton conveyancer. You lawyer should inform you of the situation. Where they are not on the panel they may be able to suggest a Wilton conveyancing practice that is on the approved list of lawyers for your lender.
My husband and I are purchasing a brand new apartment in Wilton and my lawyer is advising me that she is duty bound to the lender to disclose incentives from the builder. I am nearing the developer’s deadline to exchange and I would rather not delay matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a mortgage company 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.
Are there restrictive covenants that are commonly identified during conveyancing in Wilton?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Wilton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am buying a new build apartment in Wilton. Conveyancing is a frightening process 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 legal work.
Set out below are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Wilton
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
I opted to have a survey done on a property in Wilton prior to retaining conveyancers. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies will not give a loan on a flying freehold property.
It depends who your proposed lender is. HSBC has different requirements from Halifax. Should you wish to telephone us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Wilton. Conveyancing will be smoother if you use a solicitor in Wilton especially if they regularly deal with such properties in Wilton.
As co-executor for the estate of my grandmother I am disposing of a residence in Newport but reside in Wilton. My lawyer (based 200 kilometers from meneeds me to sign a stat dec prior to completion. Can you recommend a conveyancing practitioner in Wilton to attest this legal document for me?
Technically speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will be fine regardless of whether they are located in Wilton