My partner and I are acquiring a new build apartment in Fordingbridge and my conveyancer is advising me that she has to the lender to disclose incentives from the builder. The Estate Agents are hassling me to exchange and I have no desire to delay matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your 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.
I have an AIP. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to use their panel conveyancer as I would prefer to use a Fordingbridge based conveyancing firm?
Do check but the the likelihood is that give you one of their panel solicitors where you take up the "fee-free" incentive. Contact the mortgage company to determine if they make available a monetary alternative. In the past a few mortgage companies offered a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor in Fordingbridge.
How does conveyancing in Fordingbridge differ for newly converted properties?
Most buyers of new build property in Fordingbridge contact us having been asked by the seller to sign contracts and commit to the purchase even before the house is completed. This is because builders in Fordingbridge typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Fordingbridge or who has acted in the same development.
In what way can the Landlord & Tenant Act 1954 impact my commercial premises in Fordingbridge and how can you help?
The 1954 Act gives security of tenure to business tenants, giving them the a statutory right to make a request to court for a continuation of occupancy at the end of the lease term. There are limited grounds that a landlord can refuse a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Fordingbridge is one of our many locations in which the firms we work with have offices
I need to instruct a conveyancing lawyer in Fordingbridge for my remortgage. Can I see a firm’s complaints history with the legal regulator?
One may review documented Solicitor Regulator Association (SRA) determinations arising from inquisitions commenced on or after 1 January 2008. Visit Check a solicitor's record. To find information about the period before 1 January 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The SRA could recorded call for training reasons.
My partner and I hope to buy our 1st home in Fordingbridge. Conveyancing practitioner has been chosen. The financial consultant advised that a survey is not needed as the house is just fifteen years old.
You would be best advised to have a Home Buyer's Report. Given the property was built over a decade ago the property will be without a warranty, so you would be well advised not to take a risk. Where a property of this age shows no signs of defects a Home Buyer's report could be sufficient. They will highlight any obvious problems and recommend additional investigation if relevant. If there are any indications of material issues seek a full Building Survey from the beginning.