My husband and I are acquiring a new build apartment in Great Linford and my solicitor is telling me that she is duty bound to the mortgage company to reveal incentives from the builder. The Estate Agents are hassling me to exchange and I don't want to delay deal. 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 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 Great Linford differ for new build properties?
Most buyers of new build property in Great Linford contact us having been asked by the seller to sign contracts and commit to the purchase even before the premises is finished. This is because builders in Great Linford tend to purchase the site, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Great Linford or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a house in Great Linford before retaining solicitors. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some lenders may refuse to issue a loan on such a property.
It varies from the lender to lender. Santander has different instructions for example to Nationwide. If you contact us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Great Linford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Great Linford to see if the conveyancing will be more expensive.
In my capacity as executor for the estate of my grandmother I am selling a property in Cardiff but live in Great Linford. My lawyer (approximately 235 miles from meneeds me to execute a statutory declaration ahead of completion. Can you recommend a conveyancing practitioner in Great Linford who can attest and place their company stamp on the document?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will do regardless of whether they are Great Linford based
Completion is due on our sale of a £450,000 garden flat in Great Linford in just under a week. The management company has quoted £396 for Certificate of Compliance, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge such fees for a flat conveyance in Great Linford?
Great Linford conveyancing on leasehold flats nine out of ten times involves administration charges raised by landlords agents :
Completing pre-exchange enquiries
Where consent is required before sale in Great Linford
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Great Linford Conveyancing for Leasehold Flats - Sample of Questions you should ask before buying
What is the length of the lease? What is the name of the managing agents? On the whole the outlay for major works are not included within service charges, although there some managing agents in Great Linford ask tenants to contribute towards a reserve fund and this is used to offset against larger repairs or maintenance.