My wife and I are acquiring a newly constructed flat in Monkseaton and my solicitor is informing me that she has to the mortgage company to reveal incentives from the developer. I am on a tight deadline to exchange contracts and I would rather not prolong deal. Is my lawyer right?

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 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.

We're in Monkseaton, FTBs buying with a mortgage (lender is Coventry BS , and our lawyer is on the Coventry BS conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Coventry BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

I require fast conveyancing in Monkseaton as I am faced with an ultimatum to complete in less than 4 weeks. Thankfully I do not need a mortgage. Can I decline from having conveyancing searches to save money and time?

As you are not taking a mortgage you have the choice not to do searches although no solicitor would advise that you don't. Drawing on our experience of conveyancing in Monkseaton the following are instances of issues that can show up and therefore affect the marketability of the property: Refused Planning Applications, Overdue Fees, Overdue Grants, Unadopted Roads,...

The estate agent has sent us the confirmation of our purchase of a new build apartment in Monkseaton. 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 enquiries that you can expect your new-build leasehold conveyancing in Monkseaton

The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.

Do online conveyancing companies do everything a local Monkseaton solicitor does or do I still need to employ a solicitor for the final stages for my conveyancing in Monkseaton?

If you choose an online conveyancer they should cover all the things your Monkseaton conveyancer would cover.