In what way does my ID and proof of funds have anything to do with my conveyancing in Burton Latimer? What am I being asked for?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to check the identification documents of the person or body they are dealing with prior to agreeing to accepting their conveyancing retainer. The Terms of Engagement that you are required to sign will no doubt reaffirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. If you refuse to supply ID verification documents, your conveyancer will not be able to take you on as a client.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Burton Latimer. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 9/4/2025, the requirements read as follows :
It has been 3 months following my purchase conveyancing in Burton Latimer took place. I have checked the Land Registry website which shows that I paid £200,000 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.
I am buying my first flat in Burton Latimer benefiting from help to buy. The developers refused to reduce the amount so I negotiated 6k of fixtures and fittings instead. The house builders rep told me not to tell my conveyancer about this extras as it may jeopardize my loan with the lender. Should I keep quiet?.
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.
I am looking for a flat up to £235,500 and found one close by in Burton Latimer I like with open areas and transport links nearby, the downside is that it only has 61 years on the lease. There is not much else in Burton Latimer in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a home loan that many years will be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
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At this site obtain a fixed fee quote via a Solicitor or Licensed Conveyancer that appreciates the nuances of your conveyancing in Burton Latimer. As opposed to estate agents and many comparison sites we do not have referral deals with solicitors. A large number of agents and online brokers 'recommend' solicitors that pays the highest commission, as opposed to the best value conveyancing in Burton Latimer