Can you explain why leasehold purchase conveyancing in Barnard Castle costs more?

The conveyancing costs for a leasehold property in Barnard Castle is frequently higher as compared to a freehold property. This is due to the additional work necessary in liaising with the freeholder and management company to collate the evidence about whether the rent and service fee have been paid and whether there are any significant expenditure in the near future on repairs or maintenance of the building.

Do the Building Society Association intend to launch a searchable register to to identify practices on the Norwich and Peterborough Building Society conveyancing panel for example in Barnard Castle?

We would not expect to be advised of any intention on the part of the BSA to promote such a tool.

I'm buying a new build house in Barnard Castle benefiting from help to buy. The developers would not budge the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative advised me not reveal to my conveyancer about this extras as it could jeopardize my mortgage with the bank. 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.

I am looking for a leasehold apartment up to £195,000 and identified one close by in Barnard Castle I like with a park and station nearby, however it's only got 49 years on the lease. There is not much else in Barnard Castle in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?

If you require a home loan the remaining unexpired lease term will likely be problematic. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.

We're novice buyers - had an offer accepted, but the property agent informed us that the vendor will only go ahead if we appoint the agent's preferred conveyancers as they want an ‘expedited deal’. Our preferred option is to instruct a local conveyancer accustomed to conveyancing in Barnard Castle

It is unlikely the vendors are driving this. If they require ‘a quick sale', turning down a genuine purchaser is going to damage their objectives. Try to communicate with the sellers directly and explain that (a)you are genuine buyers (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you wish to move quickly (e)however you intend to appoint your own,trusted Barnard Castle conveyancing solicitors - not the ones that will give the estate agent a referral fee or meet his conveyancing thresholds demanded by senior management.