My partner and I are buying a newly built duplex in Gillingham and my conveyancer is telling me that she is duty bound to the mortgage company to reveal incentives from the developer. I am on a tight deadline to sign contracts and I don't want to prolong matters. is my lawyer playing by the book?
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 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.
What does my ID and proof of funds have anything to do with my conveyancing in Gillingham? Is this really warranted?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to check the identity of the person or body they are dealing with before they can accept their conveyancing instruction. The Terms and Conditions that you need to sign should stipulate this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Where you refuse to hand over ID verification documents, your solicitor can not take you on as a client.
I appreciate that there are debates on Chancel Insurance on online forums. Am I compelled to take this when purchasing a residence in Gillingham? or I am told that there is historic law that could mean that owners of property living in a parish church boundary will be compelled to contribute towards maintenance towards the chancel within the church. Is this appropriate for conveyancing in Gillingham?
Unless a previous acquisition of the house took place after 12 October 2013 you could take it that solicitors conducting conveyancing in Gillingham to continue to advocate a chancel search and or insurance against a claim.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what was supposed to be a quick, chain free conveyancing. Gillingham is the location of the property. Can you offer any advice?
Flying freeholds in Gillingham are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Gillingham you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Gillingham may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
My husband and I are a fortnight into a freehold purchase having been directed to a firm by the local agent to do our conveyancing in Gillingham. I am not happy. Can you you assist me in finding new solicitors?
They would need to be very bad to suggest diss instructing them. Has your mortgage been issued? In the event that it has you must advise them of the replacement solicitor and get the offer are issued to the new lawyers. Your solicitor ideally needs to be on the lenders approved list to avoid added charges and frustration. That should be your starting point. The find a solicitor tool will assist you in finding a bank approved conveyancer for your home move in Gillingham