I can't travel far from Woodcote Green. Please explain the reason why all Woodcote Green conveyancers are not on all mortgage company panels?
As unjust as it may seem for lenders to restrict who can represent them, from the public’s or solicitor’s perspective, the other side of the coin is that mortgage companies are becoming ever more anxious and consider it imperative to defend themselves from illegal activities. As a result of this concern lenders have consolidated their conveyancing panel to a size that they are happy to control.
We see that you have a post code search directory listing solicitors on the Kent Reliance conveyancing panel. Do firms pay you a commission if I appoint them for our own conveyancing in Woodcote Green?
We are a listing service only for law firms wishing to communicate if they are on the Kent Reliance conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Woodcote Green.
About to place a bid on a leasehold apartment in Woodcote Green. The selling agents advise that it is standard for flats in Woodcote Green to have less than 75 years remaining. I am getting a mortgage with Accord Mortgages. Is this going to be acceptable if the lease has Seventy One years remaining.
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 8/6/2025 the requirements read as follows :
I'm purchasing my first flat in Woodcote Green benefiting from help to buy. The sellers refused to reduce the price so I negotiated 6k of additionals instead. The sale representative suggested that I not to tell my lawyer about this side-deal as it could adversely affect 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.
Over the last few months I have been searching for a flat up to £245,000 and identified one round the corner in Woodcote Green I like with open areas and transport links nearby, the downside is that it's only got 51 years on the lease. There is not much else in Woodcote Green for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a mortgage that many years may be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least 2 years you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
One month into a sale of a flat in Woodcote Green. Conveyancing is fine but we have been asked to pay a fortune from the managing agents. To date we have issued a cheque for £275 for a leasehold management pack and then another £134.40 for additional questions raised by the purchaser's conveyancer.
Neither you or your conveyancing practitioner will have any say over the level of the fee for this information however the typical fee for the information for Woodcote Green leasehold property is £395. For Woodcote Green conveyancing deals it is customary for the vendor to pay for these costs. The freeholder or their agents are not duty bound to answer these questions although many will be content to do so - albeit often at exorbitant prices disproportionate to the work involved. Regretfully there is no law that mandates capped fees for administrative tasks. Nor is there any set time limit by which they are obliged to issue the information.