My wife and I are acquiring a newly built apartment in Claverdon and my solicitor is telling me that she has to the bank to reveal incentives from the seller. I am under pressure to sign contracts and I have no desire to prolong the conveyancing. Is my lawyer right?

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

Various internet forums that I have visited warn that are the main cause of stalling in Claverdon conveyancing transactions. Is that correct?

The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances in the conveyancing process. Searches are not likely to feature in any slowing down conveyancing in Claverdon.

I'm purchasing my first flat in Claverdon with a mortgage from Alliance & Leicester . The builders refused to move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent suggested that I not inform my lawyer about the extras as it would jeopardize my mortgage with Alliance & Leicester . 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 using a search engine for the words on line conveyancing in Claverdon it brings up numerous solicitorslocally. With so much choice what is the best way to find the suitable conveyancing solicitor for purchase transaction?

The preferential method of choosing a suitable conveyancer is via personal testimonial, so ask colleagues and relatives who have purchased a property in Claverdon or a reputable estate agent or financial adviser. Costs for conveyancing in Claverdon vary, so it's a good idea to obtain at least three fee calculations from different companies. Be sure to seek confirmation that the charges are guaranteed not to increase.

I’m about to sell my ground floor flat in Claverdon. Conveyancing is yet to be initiated, but I have just received a yearly maintenance charge invoice – what should I do?

Your conveyancing lawyer is likely to suggest that you should pay the service charge as you normally would as all ground rent and maintenance invoices should be allotted on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.

I am the registered owner of a studio flat in Claverdon, conveyancing having been completed half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Claverdon with over 90 years remaining are worth £195,000. The ground rent is £45 invoiced every year. The lease comes to an end on 21st October 2089

With just 63 years remaining on your lease the likely cost is going to range between £16,200 and £18,600 as well as legals.

The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.