I am acquiring a brand new flat in Queensbury and my conveyancer is informing me that she is duty bound to the mortgage company to reveal incentives from the seller. I am nearing the developer’s deadline to exchange contracts and I have no desire to prolong matters. is my lawyer playing by the book?
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 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.
The Queensbury conveyancing firm that just started acting on my house acquisition in Queensbury have suddenly closed. They were on acting for me because I had to have a firm on the Kent Reliance conveyancing panel and my previous Queensbury lawyer was not. I wrote them a cheque for two hundred pounds in advance. What are my options?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they advise the vendors that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Kent Reliance conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help.
I am purchasing a new build house in Queensbury with a mortgage from Virgin Money. The builders refused to budge the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep told me not disclose to my solicitor about the side-deal as it could jeopardize my loan with Virgin Money. 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've recently found out that there is a flying freehold element on a property I have offered on last month in what should have been a simple, chain free conveyancing. Queensbury is where the house is located. Can you offer any assistance?
Flying freeholds in Queensbury 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 Queensbury you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Queensbury may decide 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.
I am downsizing from my property. My previous lawyers has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Queensbury if that affects matters.
You should use our search tool to help you find a solicitor for your conveyancing in Queensbury. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
We have just discovered that one of the partners of the solicitors acting on the purchase conveyancing in Queensbury is a relative of the vendor. Is this permitted?
Provided no conflict arises this is permitted. Where you are needing mortgage finance then the lender may have a say as many lenders have specific instructions concerning this. For example for Lloyds TSB Scotland as of 28/8/2025, the requirements read as follows :