My partner and I are acquiring a newly built flat in Chorleywood and Rickmansworth and my lawyer is telling me that she is duty bound to the bank to disclose incentives from the builder. I am nearing the developer’s deadline to exchange and I don't want to delay the conveyancing. Is my lawyer right?

You should not exchange unless you have been advised to do so by your . A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.

We note that you have a search directory identifying firms on the conveyancing panel. Do companies pay you a commission if I retain them for our own conveyancing in Chorleywood and Rickmansworth?

We are a listing service only for law firms wishing to communicate if they are on the conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Chorleywood and Rickmansworth.

How do I find out if the solicitor carrying out my conveyancing in Chorleywood and Rickmansworth is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for thus spending £187.00 plus VAT in additional conveyancing invoice.

Please do take advantage of the search tool on this page. Pick the mortgage company and type ‘Chorleywood and Rickmansworth’ or your location and you will see numerous conveyancers based in Chorleywood and Rickmansworth or nearest you.

It has been 4 months following my purchase conveyancing in Chorleywood and Rickmansworth concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. 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 asset 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.

Back In 2008, I bought a leasehold house in Chorleywood and Rickmansworth. Conveyancing and mortgage went though with no issue. A letter has just been received from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1992. The conveyancing solicitor in Chorleywood and Rickmansworth who previously acted has now retired. Any advice?

First contact HMLR to be sure that this person is in fact the new freeholder. There is no need to incur the fees of a Chorleywood and Rickmansworth conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. Rest assured that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

Chorleywood and Rickmansworth Conveyancing for Leasehold Flats - A selection of Questions you should ask Prior to buying

Please note if it is no more than 80 years it will impact the salability of the property. It is worth checking with your mortgage company that they are willing to go ahead with the loan given the lease term. Leases with fewer than 80 years remaining means that you will most likely require a lease extension at some point and it is worth discovering what this will be. Remember, in most cases you will need to own the residence for two years in order to be legally able to extend the lease. Generally speaking the outlay for major works are not included within maintenance charges, although some managing agents in Chorleywood and Rickmansworth require tenants to pay into a reserve fund and this is used to offset against major works. Does the lease have onerous restrictions?