I am purchasing a newly built flat in New Addington and my solicitor is telling me that she has to the lender to reveal incentives from the developer. I am on a tight deadline to exchange and my preference is not to prolong deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a lender 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.
This question may be naive but I am wet behind the ears as FTB of a two bedroom flat in New Addington. Do I pick up the keys to the premises on completion from my lawyer? If this is the case, I will use a local conveyancing solicitor in New Addington?
On the day of completion you will not be required to go to the conveyancers office in New Addington. Conveyancing lawyers for you will arrange to send the purchase money to the vendor’s solicitors, and shortly after the monies have arrived, you will be called to collect the keys from the property Agents and start moving into the property. This tends to happen between 1 and 3pm.
I am planning to move property in May. Will my conveyancing solicitor update the removal company on the completion day. Incidentally, can you put forward a removal company in New Addington. Conveyancing lawyer was chosen prior to coming across your website.
On the day of completion you can collect the keys from your property agent however this can only be done after the sellers conveyancers confirm to the agent that they acknowledge receipt of the completion payment and the keys can be given over. You will need to tell the removal men that you are ready to move in. We do not suggest a particular removal company but can help you locate a residential property solicitor in New Addington or a legal practice that specialises in conveyancing in New Addington.
The formalities of my purchase has taken place for my property in New Addington. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. Ordinarily complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
My partner and I are selling our house in New Addington and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. Any high street New Addington conveyancer would know that there is no such problem. It does beg the question why the purchasers instructed an internet conveyancing outfit rather than a conveyancing solicitor in New Addington. We have lived in New Addington for 4 years we know of no issue. Do we contact our local Authority to obtain confirmation that the buyers are looking for.
It would appear that you have a conveyancing solicitor currently acting for you. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I'm buying my first flat in New Addington benefiting from help to buy. The builders refused to budge the price so I negotiated 6k of fixtures and fittings instead. The property agent suggested that I not to tell my lawyer about this extras as it may impact my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am downsizing from my property. My previous lawyers have shut. It would be helpful to have a recommendation of a conveyancing firm. Im based in New Addington if that affects matters.
Do use our search tool to help you choose a solicitor for your conveyancing in New Addington. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.