I am purchasing a brand new apartment in West Norwood and my lawyer is telling me that she is duty bound to the bank to reveal incentives from the seller. I am on a tight deadline to sign contracts and my preference is not to delay 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 mortgage company 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.

I own a freehold residence in West Norwood but nevertheless pay rent, why is this and what is this?

It is rare for properties in West Norwood and has limited impact for conveyancing in West Norwood but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.

Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.

Will commercial conveyancing searches disclose impending roadworks that may affect a commercial site in West Norwood?

Its becoming the norm that commercial conveyancing solicitors in West Norwood will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in West Norwood. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in West Norwood.

For each commercial conveyancing transaction in West Norwood it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may cause delays to West Norwood commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not carried out for residential conveyancing in West Norwood.

Are there restrictive covenants that are commonly picked up during conveyancing in West Norwood?

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in West Norwood. 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…’

When it comes to my conveyancing in West Norwood should I be charged 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 West Norwood conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the 's time in submitting the funds this way.