I am buying a newly constructed flat in Marshfield and my lawyer is informing me that she is duty bound to the bank to disclose incentives from the builder. I am nearing the developer’s deadline to sign contracts and I have no desire to delay deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook specifications. 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 see that you have a search directory listing law firms on the UBS conveyancing panel. Do firms pay you a referral fee if I instruct them for our own conveyancing in Marshfield?
We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Marshfield.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Marshfield. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 1/6/2026, the requirements read as follows :
I have a 4 bedroom Georgian property in Marshfield. Conveyancing practitioner represented me and The Mortgage Works. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold with the matching address. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Marshfield and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with the conveyancing lawyer who carried out the work.
I opted to have a survey carried out on a house in Marshfield ahead of appointing solicitors. I have been told that there is a flying freehold aspect to the house. My surveyor has said that some lenders tend not grant a loan on this type of home.
It depends who your proposed lender is. Lloyds has different requirements for example to Halifax. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Marshfield. Conveyancing may be slightly more expensive based on your lender's requirements.
We own a leasehold flat in Marshfield. Conveyancing was finished in five years ago. I have been told that I should not let the the remaining lease term to get too low. What is the reasoning?
Marshfield domestic long term leases are for a fixed term - often 99 years when they started. However a significant appartments in Marshfield were built or converted 30 or more years ago and so such leases now have under 80 years unexpired. This may seem like a long time however Banks, Building Societies and other mortgage institutions generally require leases to have at least seventy five years remaining to be mortgageable. Accordingly when you come to sell the property you will need a lease extension if you are nearing seventy five years. To enhance the marketability of your property you should be thinking about whether to extend your lease long before you come to sell it. There are also significant benefits to doing so before the lease reaches even 80 years as when the lease is less than 80 years the amount you have to pay to extend starts to get a lot more expensive.