We are acquiring a new build duplex in Looe and my lawyer is informing me that she has to the bank to reveal incentives from the seller. The Estate Agents are hassling me to exchange and I would rather not prolong 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 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.
Can you explain why leasehold purchase conveyancing in Looe is more expensive?
The conveyancing costs for a leasehold property in Looe is inevitably higher when contrasted to a freehold acquisition or disposal. This is due to the supplemental work necessary in liaising with the landlord and management company to obtain information concerning whether the rent and maintenance fee have been cleared and whether there are any major works due in the foreseeable future on repairs or maintenance of the building.
Just bought a detached house in Looe , how long will it take for the Land Registry to deal with the formalities evidencing my proprietorship? My Looe conveyancing solicitor has been very slow, so I want to be certain that my purchase is registered.
As far as conveyancing in Looe registration is no faster or slower than anywhere else in the country. Rather than based on location, timescales can vary depending on the party submitting the application, whether there are errors and whether the Land registry communicate with any third parties. At present roughly 80% of submission are fully dealt with within 12 days but some can be subject to extensive hold-ups. Registration occurs once the buyer has moved in to the premises therefore an expedited registration is not usually an essential issue yet where it is urgent that the the registration takes place urgently then you or your solicitor can speak with the land registry and explain the circumstances.
In my capacity as executor for the estate of my father I am disposing of a property in Swansea but live in Looe. My solicitor (based 235 kilometers awayhas requested that I sign a statutory declaration before the transaction finalising. Can you recommend a conveyancing lawyer in Looe to witness and place their company stamp on the document?
strictly speaking you should not be required to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are Looe based
There are numerous houses in Looe on unadopted roads. I am buying such a property. Are there any advantages to buying a property on a private road?
Looe conveyancing solicitors will be familiar with transacting propertieson unadopted roads. The lawyer will review the Land Registry data to identify any rights or responsibilities. In many cases there is a residents association that residents pay into to maintain the road. Where there is one, the road will likely be maintained and look nicer than council maintained.