We are acquiring a newly constructed apartment in Blyth and my lawyer is informing me that she has to the lender to reveal incentives from the seller. I am on a tight deadline to exchange and I would rather not delay the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Can I use your services to recommend a Conveyancing solicitor in Blyth even where I’m not buying or disposing of a house, for example where I want to buy a shop in Blyth with a loan from Chelsea Building Society?
Our comparison service is predominantly utilised to get a quote from domestic conveyancing solicitors in Blyth but we have listed at the bottom of this page some Blyth commercial conveyancing firms. You should speak with the firm directly to see if they are also authorised to represent Chelsea Building Society
Just had an offer accepted on a new build apartment in Blyth. 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.
Set out below is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Blyth
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Please supply a car parking plan. There must be mutual enforceability of lessee’s covenants. 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. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? 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.
Due to the encouragement of my in-laws I had a survey completed on a house in Blyth in advance of retaining lawyers. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some lenders may not grant a mortgage on such a home.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. If you contact us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Blyth. Conveyancing may be slightly more expensive based on your lender's requirements.
How do I use your search facility to select a conveyancing practitioner in Blyth on the approved list for my lender?
Step one is to select a lender such as Accord Mortgages Ltd, Coventry Building Society or Aldermore then type in your preferred area for example Blyth. Conveyancing firms in Blyth and across England and Wales should be listed.