My Cleobury Mortimer solicitor has identified a difference when comparing the information in the valuation survey and what is revealed within the legal papers for the property. My lawyer says that he needs to check that the lender is happy with this discrepancy and is still content to lend. Is my conveyancer’s stance legitimate?

Your lawyer must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.

Various online forums that I have come across warn that are the main reason for hinderance in Cleobury Mortimer conveyancing transactions. Is this right?

The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of hindrances during the legal transfer of property. Local searches are not likely to feature in any delay in conveyancing in Cleobury Mortimer.

I am purchasing my first flat in Cleobury Mortimer with the aid of help to buy. The builders would not move on the price so I negotiated five thousand pounds worth of extras instead. The house builders rep advised me not reveal to my solicitor about this deal as it will impact my loan with Britannia. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder 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.

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At this site obtain a fixed fee quote from a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Cleobury Mortimer. As opposed to estate agents and many comparison sites we do not operate kick-back deals with solicitors. Many agents and online brokers 'recommend' the firm that pays the highest per referral, rather than the best value conveyancing in Cleobury Mortimer

I work for a reputable estate agency in Cleobury Mortimer where we see a few flat sales derailed as a result of short leases. I have received inconsistent advice from local Cleobury Mortimer conveyancing solicitors. Could you confirm whether the vendor of a flat can commence the lease extension formalities for the buyer?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the disposal of the property.

Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

Cleobury Mortimer Leasehold Conveyancing - Examples of Questions you should consider Prior to buying

How long is the Lease? What is the yearly service fee and ground rent? The answer will be useful as a) areas can cause problems in the block as the communal areas may start to deteriorate where services remain unpaid b) if the tenants have a dispute with the managing agents you will wish to have all the details