My wife and I are purchasing a newly constructed flat in Barrow Upon Soar and my solicitor is informing me that she is duty bound to the mortgage company to disclose incentives from the developer. The Estate Agents are hassling me to sign contracts and I don't want to prolong 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 bank 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.

Having sold my house in Barrow Upon Soar last April yet the purchaser is e-mailing daily complaining that her conveyancer needs to hear from mine. What are the post completion sale formalities now that I have sold?

Following your sale your lawyer is duty bound to send the transfer documentation and all of the paperwork to the buyer’s solicitors. If applicable, your lawyer should also evidence that the legal charge in favour of the lender has been redeemed to the purchasers solicitors. There are no post completion formalities peculiar conveyancing in Barrow Upon Soar.

A friend recommended that where I am buying in Barrow Upon Soar I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

A search of this type is usually quoted for as part of the standard Barrow Upon Soar conveyancing searches. It is a large document of more than thirty pages, listing and detailing important information about Barrow Upon Soar around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Barrow Upon Soar Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful information regarding Barrow Upon Soar.

Due to the advice of my in-laws I had a survey completed on a house in Barrow Upon Soar ahead of retaining solicitors. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some lenders may refuse to give a mortgage on such a property.

It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Barrow Upon Soar. Conveyancing will be smoother if you use a solicitor in Barrow Upon Soar especially if they are accustomed to such properties in Barrow Upon Soar.

I've found a house that appears to meet my requirements, at a great figure which is making it more attractive. I have subsequently discovered that it's a leasehold rather than freehold. I would have thought that there are particular concerns purchasing a house with a leasehold title in Barrow Upon Soar. Conveyancing solicitors have are about to be appointed. Will my lawyers set out the risks of buying a leasehold house in Barrow Upon Soar ?

The majority of houses in Barrow Upon Soar are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are purchasing in Barrow Upon Soar so you should seriously consider looking for a Barrow Upon Soar conveyancing solicitor and check that they are used to advising on leasehold houses. First you will need to check the number of years remaining. Being a leaseholder you will not be entirely free to do whatever you want to the property. The lease comes with conditions for example obtaining the freeholder’spermission to conduct alterations. It may be necessary to pay a contribution towards the upkeep of the communal areas where the house is part of an estate. Your solicitor should appraise you on the various issues.

Leasehold Conveyancing in Barrow Upon Soar - Sample of Questions you should ask before Purchasing

Make sure you enquire if there are any onerous restrictions in the lease. For instance some leases prohibit pets being allowed in in a block in Barrow Upon Soar. If you love the flatin Barrow Upon Soar however your dog can’t live with you then you will be presented with a difficult determination. What is the name of the managing agents? What prohibitions are contained in the Barrow Upon Soar Lease?