My partner and I are acquiring a newly built flat in Henlow and my conveyancer is advising me that she is duty bound to the bank to disclose incentives from the builder. The Estate Agents are hassling me to exchange and I would rather not delay deal. 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 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.
Various internet forums that I have come across warn that are a common reason for hinderance in Henlow house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays during the legal transfer of property. Local searches are unlikely to feature in any delay in conveyancing in Henlow.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Henlow. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Henlow
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Please confirm the Lease plans are surveyor prepared. 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. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. There must be mutual enforceability of lessee’s covenants.
Is it simple use your search tool to choose a conveyancing lawyer in Henlow on the approved list for my lender?
Step one is to choose a lender such as Birmingham Midshires, Virgin Money or Alliance & Leicester then choose your preferred area for example Henlow. Conveyancing practices in Henlow and across England and Wales should be listed.
My husband and I are four weeks into a freehold purchase having been recommend to a firm by the high street agent to do our conveyancing in Henlow. I am not happy. Could you you assist me in finding new conveyancers?
A lawyer would have to be very poor in order to consider changing them. Has your mortgage offer been issued? In the event that it has you must inform them of the new conveyancer and have the loan are re-issued. The solicitor ideally needs to be on the lenders panel to avoid added fees and frustration. So that should be your starting point. The find a solicitor tool can help you find a bank approved lawyer for your home move in Henlow
Myself and my wife have recently had an offer accepted on a property and had meeting on Tuesday with HSBC for the mortgage. They have informed us that when it comes to appointing a lawyer that unless they are on their approved panel of conveyancing practitioners then we will incur a further fee of about two hundred pounds. This is is due to the fact that they will then have to appoint a solicitor to act on their behalf as well as the one we choose to act for ourselves and we are liable for their fees. I have asked HSBC to furnish me with a list so I can request estimates only from their approved lawyers but was told that I need to check with each individual solicitor to see if they are on the panel. Is their an easier way of going about this?
You should ask HSBC what their criteria for panel membership is for a solicitor.Then ask the solicitor of your choice whether they meet the criteria and have they acted on loans for HSBC in the past. Where the answer to those is yes, then just clarify this with HSBC. Alternatively please utilise our search tool and we should be able to locate a conveyancing practitioner in Henlow on the panel for HSBC.