My partner and I are acquiring a new build duplex in Silsoe and my conveyancer is telling me that she is duty bound to the bank to reveal incentives from the seller. The Estate Agents are hassling me to exchange contracts and I would rather not delay matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property 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.
This question may be naive but I am new to the house moving as a first time purchaser of a ground floor flat in Silsoe. Do I receive the keys to the property on the completion date from my lawyer? If so, I will appoint a local conveyancing solicitor in Silsoe?
On the day of completion you do not need to attend the conveyancers office in Silsoe. Your solicitors will electronically transfer the completion advance to the vendor’s lawyers, and shortly after the monies have arrived, you will be able to pick up the keys from the Estate Agents and start moving into the property. Usually this occurs early afternoon.
My aunt advised me that in purchasing a property in Silsoe there may be a number of restrictions affecting the ability to carry out external alterations to the property. Is this right?
There are anumerous of properties in Silsoe which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Silsoe should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
When it comes to mortgage companies such as Yorkshire BS, do Silsoe lawyers have to pay a yearly amount to be on the list of approved solicitors?
We are not aware of any lender fees to be on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
Will commercial conveyancing searches disclose planned roadworks that could affect a commercial estate in Silsoe?
Its becoming the norm that commercial conveyancing solicitors in Silsoe will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Silsoe. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Silsoe.
For each commercial conveyancing transaction in Silsoe it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can cause delays to Silsoe commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Silsoe.
Despite weeks of looking the Title Certificate and documents to our home can not be found. The lawyers who conducted the conveyancing in Silsoe 4 years ago are no longer around. What are my next steps?
In today’s world there are duplicates made of almost everything, and your conveyancer should be aware precisely where to find all the suitable paperwork so you can purchase or sell your house without any difficulty. Where copies can’t be located, your conveyancer can put in place insurance or indemnities against possible claims on your property.
How does the Landlord & Tenant Act 1954 affect my commercial property in Silsoe and how can your lawyers assist?
The particular law that you refer to gives a safeguard to commercial leaseholders, giving them the dueness to make a request to court for a renewal lease and continue in occupation at the end of an expired lease. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Silsoe is one of the many areas of the UK in which our lawyers are based