I am purchasing a brand new apartment in Tanworth In Arden and my lawyer is telling me that she has to the bank to reveal incentives from the builder. I am under pressure to exchange contracts and I have no desire to prolong the conveyancing. Is my lawyer right?

You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a bank 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 have been recommended a conveyancing solicitor in Tanworth In Arden. I I am struggling to find out if they are on the Accord Mortgages Ltd approved list of lawyers. Could you or the lender confirm if they are on the panel?

You should call your solicitor and enquire whether they are on the lender panel. Otherwise you can get in touch with Accord Mortgages Ltd who may be able to assist.

How does conveyancing in Tanworth In Arden differ for newly converted properties?

Most buyers of new build premises in Tanworth In Arden come to us having been asked by the seller to sign contracts and commit to the purchase even before the house is constructed. This is because house builders in Tanworth In Arden tend to purchase the real estate, 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 conveyancing solicitors 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 Tanworth In Arden or who has acted in the same development.

Can you provide any advice for leasehold conveyancing in Tanworth In Arden from the point of view of expediting the sale process?

• Much of the frustration in leasehold conveyancing in Tanworth In Arden can be reduced if you appoint lawyers as soon as you market your property and ask them to collate the leasehold information needed by the buyers’ conveyancers.
The majority of landlords or managing agents in Tanworth In Arden levy fees for supplying management packs for a leasehold property. You or your lawyers should enquire as to the actual amount of the charges. The management information can be applied for as soon as you have a buyer, thus reducing delays. The typical amount of time it takes to receive management information is three weeks. It is the most usual reason for frustration in leasehold conveyancing in Tanworth In Arden. Some Tanworth In Arden leases require Licence to Assign from the landlord. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers put in hand bank and professional references. The bank reference will need to confirm that the buyers are able to meet the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their lawyers. If you have carried out any alterations to the property would they have required Landlord’s approval? In particular have you installed wooden flooring? Tanworth In Arden leases often stipulate that internal structural alterations or installing wooden flooring require a licence issued by the Landlord acquiescing to such alterations. Where you fail to have the consents to hand you should not communicate with the landlord without checking with your lawyer first.

Tanworth In Arden Leasehold Conveyancing - A selection of Questions you should ask Prior to buying

Who manages the building? How many of the leaseholders are in arrears for their service charge payments?

What should I expect to pay for conveyancing in Tanworth In Arden?

Almost all Tanworth In Arden conveyancing practices will agree to a fixed fee. Where additional work becomes necessary during the transaction your lawyer should advise you in writing of any extra fees for such work immediately it becomes obvious. Some work on a no move no charge basis, others will charge a fraction of the agreed costs, according to the stage at which the deal falls through.

It may be helpful for you to obtain various conveyancers to give you an estimate.