My husband and I are acquiring a newly constructed apartment in Mansfield and my conveyancer is telling me that she is duty bound to the bank to reveal incentives from the developer. The Estate Agents are hassling me to exchange contracts and I have no desire to prolong 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 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.
I moved into my home on 9 September and the transaction details are still not registered. Should I be concerned? My conveyancing solicitor in Mansfield said it should be recorded in less than a month. Are titles in Mansfield uniquely lengthy to register?
As far as conveyancing in Mansfield is concerned, registration is no faster or slower than the rest of England and Wales. As opposed to being determined by geographic area, timeframes can vary depending on who lodges the application, whether there are errors and if the Land registry communicate with any third persons or bodies. Currently approximately three quarters of submission are fully dealt with in less than three weeks but occasionally there can be longer delays. Registration occurs after the purchaser has moved in to the property therefore registration formalities is not always primary concern but if it is urgent that the the registration takes place urgently then you or your solicitor could communicate with the Registry to express the reasoning for the application to be prioritised.
Just had an offer accepted on a new build flat in Mansfield. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Mansfield
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are architect prepared. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
Are there any apps to help locate a Mansfield solicitor on the Britannia conveyancing panel? I have wheels and am prepared to travel upto 25kilometers to meet the solicitor.
You can use the facility on this website. Please pick a bank and your location and you will see a number of Mansfield conveyancing lawyers locally. We have detailed some Mansfield conveyancing firms towards the end of this page and you can ring them to check whether they are on the Britannia panel
When it comes to my conveyancing in Mansfield should I be paying VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Mansfield conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the lawyer's time in submitting the funds this way.