My husband and I are buying a newly constructed duplex in Fenny Stratford and my lawyer is advising me that she has to the bank to disclose incentives from the developer. I am nearing the developer’s deadline to sign contracts and my preference is not to delay the conveyancing. is my lawyer playing by the book?

You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.

As someone with no idea as to the Fenny Stratford conveyancing process what’s the number one tip you can give me for the ownership transfer in Fenny Stratford

Not many law firms or advisers will tell you this but conveyancing in Fenny Stratford and elsewhere in England and Wales is an adversarial experience. Put another way, when it comes to conveyancing there exists an abundance of room for friction between you and others involved in the ownership transfer. For example, the vendor, property agent and sometimes the bank. Appointing a solicitor for your conveyancing in Fenny Stratford should not be taken lightly as your conveyancer is your adviser, and is the ONLY person in the process whose role it is to look after your legal interests and to protect you.

Sometimes a third party with a vested interest will attempt to sway you that it is in your interests to do things their way. For instance, the selling agent may claim to be assisting by suggesting your solicitor is wrong. Or your mortgage broker may try to convince you to do something that is against your solicitors recommendation. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.

My colleague recommended that where I am purchasing in Fenny Stratford I should ask my conveyancer to perform 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 Fenny Stratford conveyancing searches. It is a large report of more than thirty pages, listing and setting out significant information about Fenny Stratford around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful data concerning Fenny Stratford.

I have recentlybecome aware that Action Conveyancing have closed. They conducted my conveyancing in Fenny Stratford for a purchase of a leasehold flat 9 months ago. How can I establish that my home is registered correctly in the name of the previous owner?

The quickest method to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Fenny Stratford conveyancing specialists.

I'm purchasing a new build house in Fenny Stratford with the aid of help to buy. The builders refused to move on the price so I negotiated 6k of additionals instead. The property agent suggested that I not to tell my solicitor about the side-deal as it could impact my loan with the lender. 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.