My wife and I are purchasing a brand new duplex in Pentyrch and my solicitor is advising me that she is duty bound to the bank to reveal incentives from the developer. I am nearing the developer’s deadline to sign contracts and I have no desire 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 lender panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We note that you have a search directory identifying firms on the Kent Reliance conveyancing panel. Do companies pay you a referral fee if I instruct them for our conveyancing in Pentyrch?
We are a listing service only for law firms wishing to communicate if they are on the Kent Reliance conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Pentyrch.
I opted to have a survey completed on a house in Pentyrch ahead of retaining lawyers. I have been told that there is a flying freehold aspect to the property. Our surveyor has said that some lenders tend not issue a loan on such a house.
It varies from the lender to lender. Santander has different requirements for example to Halifax. Should you wish to call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Pentyrch. Conveyancing may be slightly more expensive based on your lender's requirements.
What does commercial conveyancing in Pentyrch cover?
Pentyrch conveyancing for business premises incorporates a wide array of guidance, supplied by qualified solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
Am I best advised to go with a Pentyrch conveyancing practitioner who is local to the property I am hoping to buy? I have an old university friend who can deal with the legal work but her office is 400miles drive away.
The primary upside of using a high street Pentyrch conveyancing firm is that you can visit the firm to execute paperwork, present your identification documents and pester them if necessary. Having local Pentyrch know how is a plus. That being said nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and on the whole were impressed that must trump using an unknown Pentyrch conveyancing lawyer just because they are Pentyrch based.