My husband and I are purchasing a newly constructed apartment in Stockwell and my conveyancer is advising me that she is duty bound to the bank to disclose incentives from the seller. I am on a tight deadline to sign contracts and my preference is not to delay deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a bank 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.
How up to date is your database of Stockwell solicitors on the Coventry BS conveyancing panel? Do Coventry BS send you an updated list?
Stockwell conveyancing firms themselves provide us confirmation that they are on the Coventry BS conveyancing panel as opposed to being supplied with a list from Coventry BS directly.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Stockwell. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 14/2/2025, the requirements read as follows :
I have been told that property searches are the main reason for obstruction in Stockwell house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of delays during the legal transfer of property. Local searches are unlikely to feature in any slowing down conveyancing in Stockwell.
three months have elapsed following my purchase conveyancing in Stockwell 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 premises 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.
Why am I unable to complete my conveyancing in Stockwell on a public holiday?
This is due to the fact that on completion the money needs to pass between the banks of the purchaser and seller's solicitor and at present this can only take place on a working day. It is not possible to complete on a saturday or sunday either.