My solicitor has identified a a legal deficiency with the lease for the apartment we are buying in Water Orton. The other side have put forward defective title insurance as a workaround. We are happy with insurance and will pay for it. Our conveyancing practitioner has advised that he must ensure that the bank is willing to move forward with this solution. Who is the client here, us or the bank?
Regardless of the fact that you have a mortgage offer from the lender does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the lender are the client. The appropriate lender specifications have to be complied with.
I am about to put a bid on a leasehold apartment in Water Orton. The property agents say that it is the norm for flats in Water Orton to have less than 75 years unexpired on the lease. I am taking out a loan with Platform. Is this going to be a problem if the lease has 70 years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 18/7/2025 the requirements read as follows :
My friend advised me that if I am purchasing in Water Orton I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually included in the estimate for your Water Orton conveyancing searches. It is not a small document of more than thirty pages, listing and setting out significant information about Water Orton around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data concerning Water Orton.
I'm purchasing my first flat in Water Orton with the aid of help to buy. The sellers refused to move on the price so I negotiated £7000 of additionals instead. The house builders rep suggested that I not disclose to my conveyancer about the deal as it will put at risk my loan with Barnsley Building Society. 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.
Due to the advice of my in-laws I had a survey completed on a house in Water Orton ahead of instructing conveyancers. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some lenders tend refuse to give a loan on such a house.
It depends who your proposed lender is. Lloyds has different requirements from Birmingham Midshires. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Water Orton. Conveyancing may be slightly more expensive based on your lender's requirements.