We are purchasing a 2 bedroom apartment in Aldridge with a mortgage. We have a Aldridge solicitor, but the mortgage company advise she’s not on their "panel". We have to appoint one of the bank panel firms or retain our Aldridge and pay for one of their panel firms to represent them. We regard this is unjust; are we not able to require that the lender use our Aldridge ?

Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Aldridge conveyancing solicitor to apply to be on the conveyancing panel.

We are a couple about to sign contracts for a freehold house in Aldridge. We have hit a problem. Our loan offer with expires on but the vendors are suggesting a completion date of . Can one prolong the mortgage offer?

The best person to deal with your question is your conveyancer who will determine whether he or she is better off negotiating with the mortgage company, seller’s conveyancers, selling agents or indeed all parties given the circumstances your conveyancing as of today.

I am buying my first flat in Aldridge with a loan from . The developers would not budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep suggested that I not inform my conveyancer about this extras as it would affect my loan with . 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.

I am the registered owner of a 1 bedroom flat in Aldridge, conveyancing formalities finalised 3 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Aldridge with over 90 years remaining are worth £165,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease finishes on 21st October 50

With just 50 years remaining on your lease the likely cost is going to be between £36,100 and £41,800 plus plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.

How much should conveyancing in Aldridge cost?

Almost all Aldridge conveyancing practices will charge a fixed fee. If extra work becomes necessary during the conveyancing your should disclose to you in writing of any additional fees for any work as soon as it becomes foreseeable. Some firms will agree not to charge a fee if a transaction does not go ahead, others will levy an bill for a fraction of the agreed charges, according to the point at which the matter does not proceed.

It may be helpful for you to obtain a few conveyancers to send you a quotation.