My husband and I are acquiring a new build apartment in High Peak and my lawyer is telling me that she has to the lender to disclose incentives from the developer. The Estate Agents are hassling me 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 lender 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 am about to put an offer on a leasehold flat in High Peak. The selling agents say that it is standard for flats in High Peak to have less than 75 years left on the lease. I am expecting a loan with Bank of Ireland. Will the property be mortgageable given that the lease has 69 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 2/12/2020 the requirements read as follows :
I am selling our property in High Peak and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. Any local conveyancer would know this is not the case. It does beg the question why the buyers instructed a nationwide conveyancing outfit rather than a conveyancing solicitor in High Peak. Having lived in High Peak for six years we know that this is a non issue. Should we contact our local Authority to obtain clarification need.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? 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 am buying a new build house in High Peak with a mortgage from Halifax. The developers would not move on the price so I negotiated £7000 of additionals instead. The house builders rep told me not inform my conveyancer about this side-deal as it could impact my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Is it possible to transfer to a new solicitor as I have to instruct a firm on the Nationwide Building Society conveyancing panel. I had appointed a local conveyancing solicitor in High Peak round the corner but he is not approved by Nationwide Building Society
We will our best to assist in finding you a conveyancing solicitor in High Peak on the Nationwide Building Society panel. Please note that the property lawyers that we list do not pay us a referral fee if you instruct them and are under regulation of the SRA who oversee all conveyancing solicitors in High Peak. In making use of the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in High Peak.
Me and myfiance and I are are looking to find a dependable conveyancing solicitor in High Peak to buy a home. I I am fearful of by bill escalating out of control but with so many High Peak conveyancing solicitors out there...how do I know which one is best to appoint?
If you’ve not instructed a lawyer before, a personal recommendation via family or friends is a preferable starting point and is often the best indicator of quality. Alternatively, take a look at the client feedback published on your solicitor’s website or use our search tool to locate a conveyancing lawyer in High Peak.