My conveyancer has identified a defect with the lease for the flat we are buying in Bozeat. The seller’s lawyers have put forward defective title insurance as a solution. We are content with insurance and will cover the costs. Our property lawyer says that he must ensure that the bank is willing to move forward with this solution. Are we the client or is the mortgage company ?
Notwithstanding that you have a mortgage offer from the bank 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 conditions. You and the bank are the client. The appropriate lender conditions have to be complied with.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Bozeat. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 20/11/2025, the requirements read as follows :
My wife and I are buying a apartment in Bozeat. It might be a silly question but how we can trust a conveyancer? On completion day we have to send funds into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My father advised me that in purchasing a property in Bozeat there could be a number of restrictions affecting the ability to carry out external changes to the property. Is this right?
We are aware of a number of properties in Bozeat which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Bozeat should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Last month we had a mortgage agreed in principle with Bank of Ireland. Bozeat conveyancing lawyers have been selected. What is the average time that one could expect to receive a mortgage offer from Bank of Ireland?
Some lenders take longer than others. Have Bank of Ireland done the survey? Have you informed Bank of Ireland as to your lawyers' details and checked that your lawyers are on the Bank of Ireland conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I need some expedited conveyancing in Bozeat as I have an ultimatum to sign on the dotted line inside one month. A mortgage is not required. Can I decline from having conveyancing searches to save money and time?
If.Given you are not getting a home loan you are at free not to do searches although no conveyancer would suggest that you don't. Drawing on our experience of conveyancing in Bozeat the following are instances of what can appear and therefore impact future saleability: Enforcement Actions, Outstanding Charges, Outstanding Grants, Road Schemes,...
I am buying my first flat in Bozeat with the aid of help to buy. The builders would not move on the amount so I negotiated £7000 of additionals instead. The house builders rep told me not to tell my conveyancer about the side-deal as it could put at risk my loan 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.
What advice can you give us when it comes to finding a Bozeat conveyancing firm to carry out our lease extension conveyancing?
When appointing a property lawyer for lease extension works (regardless if they are a Bozeat conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you speak with two or three firms including non Bozeat conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be helpful:
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If they are not ALEP accredited then why not? Can they put you in touch with clients in Bozeat who can give a testimonial?
I acquired a split level flat in Bozeat, conveyancing formalities finalised February 2011. Can you work out an approximate cost of a lease extension? Similar properties in Bozeat with over 90 years remaining are worth £201,000. The average or mid-range amount of ground rent is £45 per annum. The lease expires on 21st October 2090
You have 65 years unexpired we estimate the price of your lease extension to range between £13,300 and £15,400 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.