My Bourne conveyancer has uncovered a discrepancy between the information in the home valuation report and what is revealed within the conveyancing documents. My lawyer informs me that he must ensure that the bank is happy with this discrepancy and is still content to lend. Is my lawyer’s approach right?

Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook specifications 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.

I am looking for a flat up to £305k and identified one near me in Bourne I like with amenity areas and station in the vicinity, however it only has 52 remaining years left on the lease. There is not much else in Bourne in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?

If you require a mortgage the remaining unexpired lease term may be an issue. Reduce 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 twenty four months you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.

I am selling my home. My former conveyancers has retired. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Bourne if that makes things easier.

Do use our search tool to help you choose a solicitor for your conveyancing in Bourne. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.

What advice can you give us when it comes to appointing a Bourne conveyancing firm to deal with our lease extension?

If you are instructing a property lawyer for lease extension works (regardless if they are a Bourne conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of work. We recommend that you talk with several firms including non Bourne conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be helpful:

How experienced is the firm with lease extension legislation? Can they put you in touch with clients in Bourne who can give a testimonial?

Bourne Conveyancing for Leasehold Flats - Sample of Queries Prior to buying

Generally speaking the cost for major works are not wrapped into the service charges, albeit that a few managing agents in Bourne ask leasehold owners to pay into a reserve fund and this is used to offset against larger repairs or maintenance. What restrictions exist in the Bourne Lease? The best form of lease structure is a share of the freehold. In this situation the leaseholders benefit from being in charge if their destiny and although a managing agent is frequently retained if the building is bigger than a house conversion, the managing agent acts for the leaseholders themselves.

I was informed by my bank that their panel lawyers work on no move no charge basis for conveyancing in Bourne. I had a purchase fall through and now the lawyers want search fees! They are claiming that the fees are seperate!

in offering "no sale no fee" Bourne conveyancing lawyers are writing off their charges for any work done. We should point out that this does not constitute an insurance scheme. you will still required to reimburse any costs that the property lawyer has expended for you such as Bourne local authority checks