I am not well enough to travel far from Stocksfield. Is there a reason why all Stocksfield property lawyers are not on all bank panels?
Lenders highlight the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud every year.The removal of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which triggered a major policy change in the sector. This resulted in mortgage companies removing a number of firms from their books of approved lawyers .
My husband and I are purchasing a brand new apartment in Stocksfield and my conveyancer is advising me that she has to the lender to disclose incentives from the seller. I am under pressure to exchange 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 lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
What does my ID and proof of funds have anything to do with my conveyancing in Stocksfield? Why is this being asked of me?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to check the identification documents of the potential client they are dealing with prior to agreeing to accepting their conveyancing retainer. The Client Care letter that you need to sign should confirm this. Your lender will also require certain documents to be viewed. Where you are unwilling to supply ID verification documents, your lawyer would not be able to act for you.
About to place an offer on a leasehold flat in Stocksfield. The selling agents say that it is standard for flats in Stocksfield to have less than 75 years left on the lease. I am taking out a mortgage with Accord Mortgages. Will the property be mortgageable given that the lease has 69 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 13/5/2025 the requirements read as follows :
The estate agent has sent us the confirmation of our purchase of a new build apartment in Stocksfield. Conveyancing is necessary evil 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 conveyancing.
Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Stocksfield
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Please supply a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
As co-executor for the will of my father I am disposing of a residence in Monmouth but I am based in Stocksfield. My conveyancer (based 300 kilometers from meneeds me to execute a stat dec before completion. Could you suggest a conveyancing practitioner in Stocksfield who can witness this legal document for me?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will do regardless of whether they are based in Stocksfield