My wife and I are about to exchange on the purchase of a property in Eastney and Southsea but as a result of damage from the recent storms I have managed to agree compensation from the owner of six thousand pounds in the form of a adjustment in the price. I had intended this to be addressed as part of a side agreement but Yorkshire BS will not agree to this. Should they have been informed?

The property lawyer that is on a Yorkshire BS conveyancing panel is required to disclose to Yorkshire BS of any changes to the sale price. If you were to refuse your conveyancing practitioner to disclose the reduction to Yorkshire BS then they would have to discontinue acting for you. In addition, Yorkshire BS and you would have to appoint a new conveyancer for your conveyancing in Eastney and Southsea.

I bought my home on 3 February and my personal details is not yet registered. Any reason for this? My conveyancing solicitor in Eastney and Southsea advises it will be formalised in a couple of weeks. Are titles in Eastney and Southsea particularly slow to register?

As far as conveyancing in Eastney and Southsea registration is no quicker or slower than the rest of England and Wales. As opposed to being determined by geographic area, timeframes can adjust according to the party submitting the application, whether it is in order and if the Land registry need to notify any 3rd persons or bodies. As of today roughly 80% of such applications are completed within two weeks but some can be subject to longer delays. Registration occurs after the new owner is living at the premises thus registration formalities is not always top priority but where it is urgent that the the registration takes place urgently then you or your conveyancer must communicate with the Registry to express the reasoning for the application to be prioritised.

I'm purchasing a new build house in Eastney and Southsea benefiting from help to buy. The builders refused to reduce the price so I negotiated £7000 of extras instead. The house builders rep told me not reveal to my lawyer about the extras as it will adversely affect my loan with the bank. Should I keep quiet?.

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 decided to have a survey carried out on a house in Eastney and Southsea in advance of instructing conveyancers. I have been informed that there is a flying freehold element to the property. My surveyor advised that some banks may refuse to grant a loan on a flying freehold home.

It varies from the lender to lender. Lloyds has different requirements from Halifax. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Eastney and Southsea. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Eastney and Southsea to see if the conveyancing will be more expensive.

Is there a difference between surveying and conveyancing in Eastney and Southsea?

Conveyancing - in Eastney and Southsea or anywhere in England and Wales - is the process of legally transferring legal title of property from one person to another. It involves the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re buying and will help you find out about the condition of the building and, if there are problems, give you a powerful reason for reducing the price down or asking the seller to remedy the problems prior to you complete your move.