My conveyancer has uncovered a a legal deficiency with the lease for the apartment we are buying in Fowey. The other side have offered title insurance as a workaround. We are content with insurance and will pay for it. Our solicitor says that he must check that the mortgage company is willing to move forward with this solution. Are we the client or is the mortgage company ?
Even though you have a mortgage offer from the mortgage company does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the mortgage company are the client. These conveyancing instructions have to be complied with.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Fowey. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 9/11/2026, the requirements read as follows :
I am purchasing my first flat in Fowey with the aid of help to buy. The developers refused to budge the amount so I negotiated 6k of additionals instead. The property agent suggested that I not reveal to my solicitor about this extras as it will affect my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the UK Finance website. UK Finance form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a simple, no chain conveyancing. Fowey is where the house is located. Can you shed any light on this issue?
Flying freeholds in Fowey are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Fowey you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fowey may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
My uncle has recommend that I use his lawyers for conveyancing in Fowey. Do I take his recommendation?
No doubt it’s preferable to find a conveyancing solicitor is to get recommendations from friends or relatives who have actually previously instructed the solicitor you're considering.
Can you offer any advice when it comes to choosing a Fowey conveyancing firm to deal with our lease extension?
When appointing a conveyancer for lease extension works (regardless if they are a Fowey conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you speak with two or three firms including non Fowey conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be of use:
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What volume of lease extensions have they conducted in Fowey in the last twenty four months? If they are not ALEP accredited then what is the reason?
I bought a leasehold flat in Fowey, conveyancing formalities finalised April 1996. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Fowey with an extended lease are worth £196,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease expires on 21st October 2090
With 64 years unexpired we estimate the price of your lease extension to range between £15,200 and £17,600 as well as professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.