My wife and I are purchasing a brand new flat in Leominster and my solicitor is telling me that she is duty bound to the bank to reveal incentives from the seller. I am under pressure to exchange and I would rather not delay matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your solicitor. 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.
What can a local search reveal concerning the property we're buying in Leominster?
Leominster conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search organisations such as PSG The local search plays a central part in many a Leominster conveyancing purchase; that is if you don’t want any nasty surprises after you move into your new home. The search should provide data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.
I used Wolstenholmes a few years ago for my conveyancing in Leominster. I now require my papers however the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Leominster of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I decided to have a survey completed on a property in Leominster prior to retaining lawyers. I have been told that there is a flying freehold element to the house. Our surveyor has said that some mortgage companies tend refuse to grant a mortgage on this type of house.
It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. If you e-mail us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Leominster. Conveyancing will be smoother if you use a solicitor in Leominster especially if they are accustomed to such properties in Leominster.
What does commercial conveyancing in Leominster cover?
Leominster conveyancing for business premises incorporates a wide range of services, 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 usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.