My wife and I are acquiring a newly built apartment in Chesterton and my lawyer is advising me that she has to the lender to disclose incentives from the developer. I am nearing the developer’s deadline to sign contracts and I don't want to delay the conveyancing. 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 bank 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.

We just had an offer accepted to buy with Coventry BS. We have called around locally but cant to find a Chesterton conveyancing firm on the Coventry BS panel. Could you assist?

Feel free to make the most of the search tool on this page. Please choose the building society and type Chesterton or your location and you will discover numerous conveyancers based in Chesterton or by proximity to you.

About to purchase a new build apartment in Chesterton. 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 are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Chesterton

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 provide evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.

I’m about to sell my ground floor apartment in Chesterton. Conveyancing lawyers have not yet been instructed, but I have just received a quarterly service charge invoice – should I leave it to the buyer to sort out?

Your conveyancing lawyer is likely to suggest that you should pay the service charge as you normally would because all ground rent and service payments will be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.

Leasehold Conveyancing in Chesterton - Sample of Queries Prior to Purchasing

For many Chesterton leaseholds the cost for major works are not included within maintenance charges, albeit that there some managing agents in Chesterton obliged tenants to pay into a sinking fund and this is used to offset against major works. How many of the leaseholders are in arrears for their maintenance charge payments? If a Chesterton lease has less than eighty years it will affect the value of the apartment. It is worth checking with your mortgage company that they are content with residual term of the lease. A short lease means that you will probably have to extend the lease at some point and it is worth discovering what this will be. For most Chestertonlease extensions you would need to own the residence for two years before you are legally able to exercise a lease extension.

I am buying a house mortgage free. I have provided solicitor with 2 separate proof of photographic ID, bank statement, multiple utility bills. Now he requires a copy from a probate lawyer acknowledging that the money is legitimate and that it has come from inheritance and not via illegitimate means.

For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Chesterton conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.