I have been told that property searches are the number one cause of delay in Potton conveyancing transactions. Is this right?

The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not figure within the most frequent causes of delays in the conveyancing process. Searches are not likely to be the root cause of delay in conveyancing in Potton.

I bought my home on 8 January and the transaction details is not yet registered. Should I be concerned? My conveyancing solicitor in Potton expressed confidence that it should be concluded inside ten days. Are properties in Potton uniquely lengthy to register?

There is nothing unique about conveyancing in Potton registration formalities. Rather than based on location, timeframes can vary according to who lodges the application, whether it is in order and whether the Land registry communicate with any other parties. As of today in the region of 80% of submission are fully addressed within 12 days but some can be subject to extensive delays. Registration takes place once the buyer has moved in to the property thus registration formalities is not typically an essential issue yet if it is urgent that the the registration takes place urgently then you or your solicitor can communicate with the Registry to express the reasoning for the application to be prioritised.

I am buying my first flat in Potton benefiting from help to buy. The developers refused to reduce the amount so I negotiated five thousand pounds worth of additionals instead. The sale representative suggested that I not inform my conveyancer about the side-deal as it will impact my mortgage with Accord Mortgages Ltd. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the builder 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.

Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what should have been a quick, chain free conveyancing. Potton is where the house is located. Can you shed any light on this issue?

Flying freeholds in Potton are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Potton you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Potton may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

I am expecting to exchange on the purchase a house in Potton but as a result of damage from the recent storms I have negotiated reparation from the owner of £3k by way of a adjustment in the price. This was going to be addressed as part of the conveyancing process however my bank will not agree to this. Should they have been involved?

The conveyancer listed on a bank approved list is obliged to inform the bank of any amendments to the purchase price. If you did not allow your solicitor to report the price change to your lender then they would have to discontinue representing you and the mortgage company.