My partner and I are purchasing a new build apartment in West Bromwich and my lawyer is informing me that she has to the bank to reveal incentives from the seller. I am nearing the developer’s deadline to exchange contracts and I would rather not prolong deal. Is my lawyer right?

You should not exchange unless you have been advised to do so by your . A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.

Are there restrictive covenants that are commonly identified during conveyancing in West Bromwich?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in West Bromwich. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

How does conveyancing in West Bromwich differ for new build properties?

Most buyers of new build residence in West Bromwich approach us having been asked by the developer to exchange contracts and commit to the purchase even before the property is constructed. This is because house builders in West Bromwich typically 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 conveyancers 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 used to new build conveyancing in West Bromwich or who has acted in the same development.

Given that I will soon spend hundreds of thousands of pounds on a two bedroom apartment in West Bromwich I would like to talk to a conveyancer regarding thehome move ahead of appointing the firm. Is this something that you can arrange?

Absolutely - we would be happy to talk to you we do not take any clients on without you speaking to the conveyancer due to be carrying out your property ownership legalities in West Bromwich.There is no ‘factory style conveyancing’ - every client is an important person, not a case number. The law firms that we put you in touch with believe that the fees you are quoted for residential conveyancing in West Bromwich should be the amount on the final invoice that you are charged.

West Bromwich Conveyancing for Leasehold Flats - Examples of Questions you should consider Prior to buying

How is the lease structured? How much is the service charge and ground rent on the apartment?