My husband and I are acquiring a newly constructed flat in Ferndown and my conveyancer is telling me that she is duty bound to the bank to disclose incentives from the seller. I am under pressure to exchange contracts and I would rather not prolong matters. Is my lawyer right?

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

Is there a reason why leasehold purchase conveyancing in Ferndown is more expensive?

Ferndown leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.

I need some fast conveyancing in Ferndown as I am faced with a deadline to sign on the dotted line inside one month. A mortgage is not required. Is it possible to escape the need for conveyancing searches to save fees and time?

As you are are a mortgage free buyer you are at free not to do searches although no lawyer would suggest that you don't. Drawing on years of experience of conveyancing in Ferndown the following are instances of issues that can show up and adversely affect future mortgageability: Enforcement Notices, Overdue Fees, Overdue Grants, Road Schemes,...

I have justfound out that Stirling Law have been shut down. They carried out my conveyancing in Ferndown for a purchase of a leasehold apartment 12 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?

The easiest method to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Ferndown conveyancing specialists.

I am buying a new build house in Ferndown with a loan from Nationwide Building Society. The builders would not reduce the price so I negotiated 6k of extras instead. The property agent advised me not to tell my solicitor about this extras as it would affect my mortgage with the lender. 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.