My partner and I are buying a newly constructed apartment in Breaston and my solicitor is informing me that she is duty bound to the lender to disclose incentives from the developer. I am nearing the developer’s deadline to exchange contracts and my preference is not to delay matters. 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.
I have been recommended a conveyancing solicitor in Breaston. I I am struggling to find out whether they are on the Platform Home Loans Ltd conveyancing panel. Can you or the lender confirm if they are on the panel?
The first thing you should do is e-mail the conveyancer and ask them if they can act for the lender. Otherwise you should call Platform Home Loans Ltd who may be able to assist.
I used Arc property Solicitors a few years ago for my conveyancing in Breaston. Now, I need the documents however cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Breaston of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Yesterday I discovered 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, no chain conveyancing. Breaston is where the house is located. Is there any advice you can give?
Flying freeholds in Breaston are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Breaston you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Breaston 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 premises.
Should I go with a Breaston conveyancing practitioner in close proximity to the house I am purchasing? An old friend can conduct the legal formalities but his firm is located 200miles away.
The primary upside of using a local Breaston conveyancing firm is that you can pop in to execute documents, deliver your ID and pester them where appropriate. They will also have local intelligence which is a plus. That being said it's more important to get someone that will pull out all the stops for you. If other friends have instructed your friend and in the main were happy that must surpass using an unfamiliar Breaston conveyancing solicitor solely due to them being Breaston based.