I am purchasing a newly constructed duplex in Crawcrook and my solicitor is advising me that she has to the lender to reveal incentives from the builder. I am on a tight deadline to exchange and I have no desire to delay deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook specifications. 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 Crawcrook last April yet the purchaser is calling daily to say his conveyancer needs to hear from mysolicitor. What are the post completion sale formalities now that I have sold?
Post completion of your disposal your solicitor should deliver the transfer deeds and all supplemental paperwork to the purchaser's lawyers. Depending on the transaction, your solicitor must also evidence that the legal charge in favour of the lender has been discharged to the buyers lawyers. There are no post completion steps just for conveyancing in Crawcrook.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Crawcrook. 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 conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Crawcrook
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There must be mutual enforceability of lessee’s covenants. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are surveyor prepared. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? 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.
I've recently found out that there is a flying freehold issue on a house I put an offer in a fortnight ago in what should have been a simple, chain free conveyancing. Crawcrook is the location of the property. Can you offer any opinion?
Flying freeholds in Crawcrook are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Crawcrook you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Crawcrook may ascertain 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 residence.
My husband and I are new to the buying process - had an offer accepted, but the selling agent has warned us that the seller will only issue a contract if we instruct the agent's chosen solicitors as they want a ‘quick sale’. My instinct tells me that we should use a high street solicitor accustomed to conveyancing in Crawcrook
It is highly unlikely the vendors are driving this. Should the owner require ‘a quick sale', taking such a hostile approach to a genuine buyer is is going to put the whole deal at risk. Avoid the agents and go straight to the owners and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you intend to instruct your preferred Crawcrook conveyancing solicitors - rather thanthose that will earn the negotiator at the agency a kickback or achieve conveyancing figures set by senior management.