Our Stony Stratford conveyancer has discovered a discrepancy between the assumptions in the valuation survey and what is in the conveyancing documents. My lawyer says that he is obliged to ensure that the lender is OK with this discrepancy and is content to go ahead. Is my conveyancer’s course or action correct?
Your conveyancer must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
We are buying a victorian detached house in Stony Stratford. We would like to convert the garage to an office at the property.Will legal investigations on the property involve investigations to see if these works are permitted?
Your solicitor should check the deeds as conveyancing in Stony Stratford can on occasion reveal restrictions in the title deeds which restrict categories of alterations or necessitated the consent of a 3rd party. Some additions need local authority planning consent and approval under the building regulations. Certain areas are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these things with a surveyor ahead of any purchase.
I had an offer accepted on an apartment in Stony Stratford on 20/10/2025, valuation was booked 2 days after, all came back fine. Property lawyer retained, so all that was missing was my mortgage offer. Having made daily calls to TSB and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the TSB conveyancing panel. Are TSB entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for TSB to deal with your lawyer's application to be on the TSB conveyancing panel. There's no guarantee that your solicitor will be accepted.
Nottingham have agreed my mortgage in principle, my bid on a apartment in Stony Stratford has been accepted, what are the next steps?
Your property agent will want to be advised as to your conveyancing practitioner's details (ensure that the solicitors are on the lender’s panel). Telephone Nottingham or your financial adviser and complete any appropriate documentation. Nottingham will sellect a valuer who will get in touch with the selling agent or seller to book an appointment. Once carried out (assuming no problems) it takes on average ten days for the mortgage offer to be issued. Nottingham will send the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Stony Stratford.
I am buying a new build house in Stony Stratford with a loan from Birmingham Midshires. The developers would not budge the amount so I negotiated 6k of extras instead. The house builders rep told me not inform my conveyancer about this side-deal as it may put at risk my mortgage with the bank. Is this normal?.
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 decided to have a survey carried out on a house in Stony Stratford ahead of instructing lawyers. I have been informed that there is a flying freehold aspect to the property. My surveyor has said that some lenders may refuse to grant a loan on such a premises.
It depends who your proposed lender is. Santander has different requirements for example to Nationwide. Should you wish to telephone us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Stony Stratford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Stony Stratford to see if the conveyancing will be more expensive.
I need to retain a conveyancing solicitor for sale conveyancing in Stony Stratford. I happened to land on a site which seems to have the ideal solution If there is a chance to get all formalities done via email that would be preferable. Do I need to be concerned? 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?
What are your top tips when it comes to appointing a Stony Stratford conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a solicitor for lease extension works (regardless if they are a Stony Stratford conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We suggest that you speak with several firms including non Stony Stratford conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be of use:
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What are the charges for lease extension work?
Leasehold Conveyancing in Stony Stratford - Sample of Queries before Purchasing
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What prohibitions are contained in the Stony Stratford Lease? Who are the managing agents?