My partner and I are buying a newly built duplex in Windermere and my solicitor is telling me that she is duty bound to the bank to reveal incentives from the seller. I am under pressure to exchange contracts and I don't want to prolong the conveyancing. is my lawyer playing by the book?

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 specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.

Why do I have to pay up front for my conveyancing in Windermere?

Where you are retaining lawyers for conveyancing in Windermere your solicitor will ask you place them with monies to cover the the cost of the conveyancing searches. Generally this is requested to cover the fees of the conveyancing searches. When the deposit is payable against the total price then this should be needed shortly ahead of contracts are exchanged. The final balance that is due will be payable shortly before completion.

I have an AIP. The bank mentioned the mortgage came with free conveyancing. Is the implication that I have to instruct their panel lawyer as I would prefer to appoint a specialised conveyancing solicitor in Windermere?

Do check but the the probability is that allocate you one of their panel lawyers should you want the "fee-free" incentive. Call the lender to check if they make available a monetary alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor in Windermere.

Just had an offer accepted on a new build apartment in Windermere. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Windermere

Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please confirm the Lease plans are surveyor prepared. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. 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.

There are numerous properties in Windermere on unadopted lanes. I am buying such a house. What would be the advantages and disadvantages of purchasing a residence on a private road?

Windermere conveyancing lawyers will be well versed in dealing propertieson unadopted roads. The solicitor will review the Land Registry data to identify any rights or liabilities. It is possible that there is a residents association that residents pay into to maintain the road. Where one exists, the road should be maintained and appear nicer than publicly owned.