My partner and I are purchasing a new build apartment in Ormesby and my solicitor is informing me that she is duty bound to the lender to reveal incentives from the builder. I am on a tight deadline to exchange contracts and I don't want to delay matters. Is my lawyer right?
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.
I need some quick conveyancing in Ormesby as I have an ultimatum to exchange contracts within 3 weeks. Thankfully I do not require a mortgage. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are are a cash purchaser you are at free not to have searches carried out although no lawyer would suggest that you don't. Drawing on years of experience of conveyancing in Ormesby the following are instances of what can arise and adversely affect future mortgageability: Enforcement Notices, Outstanding Fees, Overdue Grants, Road Schemes,...
I have recentlybeen informed that Stirling Law have been shut down. They conducted my conveyancing in Ormesby for a purchase of a leasehold apartment 18 months ago. How can I be sure that the property is not still registered in the name of the previous owner?
The easiest method to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Ormesby conveyancing specialists.
About to purchase a new build apartment in Ormesby. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Ormesby
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Forfeiture - bankruptcy or liquidation must not apply under this provision. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
In what way can the Landlord & Tenant Act 1954 impact my business offices in Ormesby and how can your lawyers assist?
The particular law that you refer to affords a safeguard to commercial lessees, giving them the a statutory right to make a request to court for a renewal lease and continue in occupation when the lease comes to an end. There are limited grounds where a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and handle your commercial conveyancing in Ormesby