My wife and I are buying a new build flat in Allenton and my lawyer is advising me that she is duty bound to the mortgage company to reveal incentives from the developer. I am nearing the developer’s deadline to exchange and I don't want to prolong the conveyancing. Is my lawyer right?

You should not exchange unless you have been advised to do so by your property lawyer. 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.

How does conveyancing in Allenton differ for newly converted properties?

Most buyers of new build residence in Allenton contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is finished. This is because new home sellers in Allenton typically purchase the land, 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 conveyancers 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 Allenton or who has acted in the same development.

I need to find a conveyancing solicitor for purchase conveyancing in Allenton. I have land on a web site which appears to be the ideal offering If there is a chance to get all formalities done via web that would be preferable. Do I need to be concerned? What should out be looking out for?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

I've found a house that seems to be perfect, at a great figure which is making it more attractive. I have since discovered that it's a leasehold rather than freehold. I am assuming that there are issues buying a house with a leasehold title in Allenton. Conveyancing advisers have are soon to be appointed. Will my lawyers set out the risks of buying a leasehold house in Allenton ?

The majority of houses in Allenton are freehold and not leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can help the conveyancing process. We note that you are purchasing in Allenton so you should seriously consider shopping around for a Allenton conveyancing solicitor and be sure that they are used to advising on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a tenant you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as obtaining the freeholder’sconsent to conduct changes to the property. You may also be required to pay a maintenance charge towards the maintenance of the estate where the house is part of an estate. Your conveyancer will appraise you on the various issues.

Allenton Leasehold Conveyancing - A selection of Queries Prior to Purchasing

Who is in charge of the block? It is important to be aware whether a new roof is being put on or some other major work is coming up that will be shared amongst the leasehold owners and may well dramatically impact the level of the service charges or result in a one time payment.

Been looking for a property lawyer for leasehold sale conveyancing in Allenton. I'm selling, simple no mortgage to redeem, no rush, currently empty. Had a quote from a lawyer for a thousand pounds including VAT which is a little expensive given that its so straightforward. Can I pay less for conveyancing in Allenton?

As it’s a sale only, £425 + VAT is likely to be about the best for sale conveyancing in Allenton.