We are buying a newly constructed flat in Kirkstall and my conveyancer is informing me that she is duty bound to the bank to reveal incentives from the developer. The Estate Agents are hassling me to exchange contracts and I would rather not prolong deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property 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.
Completed the sale of my flat in Kirkstall last February but my buyer keeps telephoning daily to say his lawyer needs to hear from mysolicitor. What should my lawyer have done now that I have sold?
Following your disposal your lawyer should forward the transfer documentation and all supplemental paperwork to the buyer’s solicitors. Depending on the transaction, your conveyancer must also evidence that the legal charge in favour of the lender has been repaid to the buyers solicitors. There is unlikely to be post completion formalities unique to conveyancing in Kirkstall.
Our bank has suggested solicitors on their panel based in Kirkstall but I would rather choose a conveyancing lawyer in Kirkstall or nearer to where I live. Are you able to assist?
It is by no means the case that all Kirkstall conveyancing firms are on all banks conveyancing panel. Please make use of the above search tool to locate a Kirkstall conveyancing conveyancer on the on the bank panel.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and found one near me in Kirkstall I like with open areas and station in the vicinity, the downside is that it only has 49 remaining years left on the lease. I can't really find anything else in Kirkstall suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a home loan that many years may be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of twenty four months you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
What does commercial conveyancing in Kirkstall cover?
Non domestic conveyancing in Kirkstall covers a wide range of guidance, provided by qualified solicitors, relating to business property. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies 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 leases.