My husband and I are purchasing a newly constructed apartment in Baschurch and my conveyancer is advising me that she has to the lender to disclose incentives from the seller. I am nearing the developer’s deadline to exchange contracts and I don't want to delay deal. 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 provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Finally the sale completed on my house in Baschurch last March but the buyer keeps whats apping every few hours to say his solicitor is waiting to hear from mine. What are the post completion sale legalities now that I have sold?
Following your disposal your conveyancer should send the transfer deeds and all supplemental paperwork to the purchaser's solicitors. If applicable, your solicitor should also confirm that the legal charge in favour of the lender has been repaid to the buyers conveyancers. There are no post completion formalities unique to conveyancing in Baschurch.
I am buying a new build flat in Baschurch. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Baschurch you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Baschurch.
Are there restrictive covenants that are commonly picked up during conveyancing in Baschurch?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Baschurch. 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…’
One month into a sale of a flat in Baschurch. Conveyancing is fine but we have been asked to pay an extortionate amount by the freeholder. So far we have issued a cheque for £295.50 for a leasehold management information and then another £134.40 for additional queries raised by the buyers conveyancer.
Neither you or your conveyancer will have any impact over the extent of the bill for this information but the average fee for the information for Baschurch leasehold premises is £380. When it comes to Baschurch conveyancing sales it is customary for the seller to pay for these charges. The freeholder or their agents are under no legal obligation to address such questions most will be content to do so - albeit often at exorbitant prices out of proportion to the work involved. Unfortunately there is no legislation that mandates fixed fees for administrative tasks. There is no statutory time frame by which they are duty bound to provide answers.