My husband and I are buying a newly constructed duplex in Brockenhurst and my lawyer is telling me that she is duty bound to the lender to disclose incentives from the builder. I am on a tight deadline to exchange and I would rather not delay matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Can your site be used to locate a Conveyancing solicitor in Brockenhurst even where I’m not buying or disposing of a house, for example where I wish to buy a shop in Brockenhurst with a loan from The Royal Bank of Scotland?
The service is predominantly used to locate domestic conveyancing solicitors in Brockenhurst but we have set out towards the bottom of this page a selection of Brockenhurst commercial conveyancing firms. You should speak with the company directly to check if they can also act for The Royal Bank of Scotland
How does conveyancing in Brockenhurst differ for new build properties?
Most buyers of new build property in Brockenhurst contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because builders in Brockenhurst usually buy 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 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 Brockenhurst or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a property in Brockenhurst ahead of instructing lawyers. I have been told that there is a flying freehold aspect to the house. The surveyor advised that some mortgage companies tend not grant a mortgage on such a home.
It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. Should you wish to call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Brockenhurst. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Brockenhurst to see if the conveyancing will be more expensive.
I am thinking of appointing a conveyancing practitioner in Brockenhurst for my home move. Is there any facility to review a solicitor's record with the legal regulator?
Anyone can review documented Solicitor Regulator Association (SRA) determinations resulting from investigations from 2008 onwards. Go to Check a solicitor's record. To find details about the period before 1 January 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The regulator sometimes monitor telephone calls for training purposes.