My partner and I are buying a brand new duplex in Henley On Thames and my lawyer is advising me that she is duty bound to the bank to reveal incentives from the developer. I am nearing the developer’s deadline to exchange and I have no desire to delay the conveyancing. 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 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.
Having sold my house in Henley On Thames last February yet the purchaser is calling me complaining that her solicitor needs to hear from mine. What should have happened now that I have sold?
Post completion of your disposal your conveyancer should send the transfer deeds and all supplemental paperwork to the purchaser's lawyers. Where appropriate, your lawyer must also send confirmation that the legal charge in favour of the lender has been paid off to the purchasers conveyancers. There are no post completion requirements peculiar conveyancing in Henley On Thames.
Our lender has suggested a law firm on their panel based in Henley On Thames but I would rather choose a conveyancing lawyer in Henley On Thames or nearer to where I live. Can you assist?
The minority of Henley On Thames conveyancing practices are on all lender’s conveyancing panel. Use our search tool to choose a Henley On Thames conveyancing conveyancer on the on the bank panel.
My stepmother informed me that in buying a property in Henley On Thames there could be a number of restrictions preventing external alterations to the property. Is this right?
There are anumerous of properties in Henley On Thames which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Henley On Thames should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Can you help - my lawyer advises that absentee landlord insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Henley On Thames?
The right level of absentee landlord indemnity insurance depends on who your lender is. It would differ for example between Nationwide Building Society and Skipton Building Society. Conveyancing lawyers as opposed to borrowers take out such policies.
I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Henley On Thames building society branch on numerous occasions and was reassured it wasn't an issue and they would lend. My Henley On Thames conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
As long as the solicitor is on the bank approved list, they must follow the Council of Mortgage Lenders’ Handbook requirements for the lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
It has been 3 months since my purchase conveyancing in Henley On Thames concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I need to find a conveyancing solicitor for leasehold conveyancing in Henley On Thames. I've stumble upon a web site which appears to be the perfect answer If there is a chance to get all the legals done via phone that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?