We are buying a brand new flat in New Romney and my conveyancer is advising 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 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 property lawyer. A precondition to being on a mortgage company 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.

We note that you have a search directory listing solicitors on the Kent Reliance conveyancing panel. Do companies pay you a commission if I appoint them for our conveyancing in New Romney?

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 New Romney.

How does conveyancing in New Romney differ for newly converted properties?

Most buyers of new build residence in New Romney approach us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is completed. This is because house builders in New Romney typically buy the land, 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 property lawyers 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 New Romney or who has acted in the same development.

Are there any apps to help identify a New Romney solicitor on the Aldermore conveyancing panel? I have a car and am willing to travel upto 25miles to meet the conveyancer.

Feel free to make use of the tool on this page. Please select a lender and your location and you will see a number of New Romney conveyancing lawyers locally. We have detailed some New Romney conveyancing firms towards the end of this page and you can telephone them to see if they are on the Aldermore panel

I've recently bought a leasehold flat in New Romney. Do I have any liability for service charges relating to a period prior to my ownership?

Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Leasehold Conveyancing in New Romney - Sample of Queries before Purchasing

For many New Romney leaseholds the cost for major works are not included within service charges, although there some managing agents in New Romney obliged leaseholders to contribute towards a sinking fund and this is used to offset against larger works. Does the lease have in excess of 85 years remaining? Who are the managing agents?