When does exchange of contracts take place for sale conveyancing in Horncastle and am I required to attend the conveyancers office?
Where you are round the corner to one of the conveyancing solicitors in Horncastle you are welcome to attend to sign documents. That being said, the law practices we work with offer a nationwide conveyancing service and give just as comprehensive and professional a job for you when dealing with you electronically. The executing of the property agreement is not the important part. A signed contract is necessary for the conveyancer to address the formalities at the appropriate time, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Horncastle)to be in the office at the appropriate time.
We have agreed to purchase a house in Horncastle. One unusual aspect is that the roof has a solar panel. Aldermore have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Aldermore your lawyer must comply with the formal requirements outlined in Section 2 of UK Finance Lenders’ Handbook for Aldermore. The CML Handbook includes minimum provisions for solar panel roof-space leases, and property lawyers are required to report to Aldermore where a lease fails to comply with these specifications. The specifications relate to the installation of panels on properties countrywide and is not restricted to Horncastle.
I have today made my last payment due on my mortgage with Yorkshire BS. I assume I don't need a Horncastle property lawyer on the Yorkshire BS panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Yorkshire BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Yorkshire BS mortgage from the register. Yorkshire BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Yorkshire BS has sent the Land Registry the discharge electronically, and
- Yorkshire BS has instructed the Land Registry to do so
I can not work out if my lender requires a lease extension. I have telephoned my Horncastle bank branch on various occasions and was told it wasn't an issue and they would lend. My Horncastle conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they will not lend in accordance with their specific requirements. I have no idea who is right.
As long as the conveyancer is on the lender approved list, they must adhere to the CML Handbook provisions 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 remaining.
I am purchasing my first flat in Horncastle with the aid of help to buy. The developers would not move on the amount so I negotiated £7000 of extras instead. The estate agent told me not disclose to my lawyer about this deal as it will jeopardize my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML 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.
I opted to have a survey completed on a house in Horncastle in advance of instructing lawyers. I have been advised that there is a flying freehold overhang to the property. My surveyor has said that some lenders may refuse to issue a mortgage on such a premises.
It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. Should you wish to call us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Horncastle. Conveyancing will be smoother if you use a solicitor in Horncastle especially if they are acquainted with such properties in Horncastle.
My husband and I are FTB’s - agreed a price, but the agent informed us that the owners will only move forward if we appoint the agent's recommended lawyers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a local conveyancer used to conveyancing in Horncastle
We suspect that the seller is not behind this ultimatum. Should the seller want ‘a quick sale', taking such a hostile approach to a motivated buyer is likely to cause more damage than good. Speak to the vendors direct and explain that (a)you are keen to buy (b)you are ready to progress, with finances in place © you do not need to sell (d) you intend to proceed fast (e)but you are going to use your own,trusted Horncastle conveyancing firm - not the ones that will earn the negotiator at the agency a kickback or achieve conveyancing targets demanded by head office.
We today discovered that one of the partners of the law firm undertaking the purchase conveyancing in Horncastle is related to the seller. Is this allowed?
On the basis that no conflict arises this should be fine. If you are obtaining mortgage finance then the mortgage company may have a say as many banks have specific instructions concerning this. For example for Bradford & Bingley as of 12/1/2026, the requirements read as follows :