My husband and I are purchasing a newly constructed apartment in Sherburn In Elmet and my solicitor is telling me that she has to the bank to reveal incentives from the developer. I am on a tight deadline to sign contracts and I don't want to prolong deal. Is my lawyer right?

You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.

Is it necessary during the course of the conveyancing process to have a meeting at the offices of the solicitor to sign the legal charge? If so, I will choose one who does conveyancing in Sherburn In Elmet so that I can pop in to their offices if required.

Whereas this was necessary 15 years ago, almost all banks no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID documents and there are still manifest advantages to choosing a locally based solicitor, in your situation a conveyancing solicitor in Sherburn In Elmet.

I decided to have a survey completed on a property in Sherburn In Elmet before instructing lawyers. I have been advised that there is a flying freehold aspect to the property. Our surveyor advised that some mortgage companies may refuse to grant a loan on a flying freehold premises.

It depends who your proposed lender is. HSBC has different instructions from Birmingham Midshires. If you contact us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Sherburn In Elmet. Conveyancing may be slightly more expensive based on your lender's requirements.

I’m about to sell my ground floor apartment in Sherburn In Elmet. Conveyancing solicitors are to be appointed soon, however I have just had a quarterly maintenance charge invoice – Do I pay up?

The sensible thing to do is clear the maintenance contribution as usual as all rents and maintenance invoices will be allotted on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.

Leasehold Conveyancing in Sherburn In Elmet - Sample of Questions you should ask before Purchasing

The answer will be helpful as a) areas may cause problems for the building as the communal areas may start to deteriorate if maintenance remain unpaid b) if the leaseholders have a dispute with the running of the building you will want to have full disclosure How many of the leaseholders are in arrears for their maintenance charge payments? What is the name of the managing agents?

What if there is a problem with the searches carried out as part of our conveyancing in Sherburn In Elmet?

Normally, the majority of problems exposed in Sherburn In Elmet conveyancing search results can be dealt with ahead of completion or title insurance may be put in place. You need to remember that even though you are acquiring the property and might be willing to live with the search results, your mortgage lender may not, and when all said and done have the final decision.