We note that you have a search directory listing firms on the Virgin Money conveyancing panel. Do firms pay you a referral fee if I instruct them for our conveyancing in Ferryhill?

We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Ferryhill.

We are expecting a mortgage offer soon. The bank mentioned the home loan came with free conveyancing. Is the implication that I have to use their panel lawyer as I would much rather use a Ferryhill based conveyancing firm?

You should check but the chances are that allocate you one of their panel solicitors where you take up the "fee-free" incentive. Call the lender to explore if they allow a cash alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor near Ferryhill.

I am buying a new build house in Ferryhill with a mortgage from Bank of Scotland. The sellers would not budge the price so I negotiated £7000 of extras instead. The property agent suggested that I not disclose to my solicitor about the side-deal as it would 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.

How simple is it to swap firm as I have to instruct one who is on the Nottingham Building Society conveyancing panel. I hired a local conveyancing solicitor in Ferryhill round the corner but she is not accepted by Nottingham Building Society

It would be our pleasure to help you find a conveyancing solicitor in Ferryhill on the Nottingham Building Society panel. Please note that the law firms that we list do not pay us commission if you instruct them and are authorised and regulated by the SRA who oversee all conveyancing solicitors in Ferryhill. In utilising the find a conveyancing solicitor tool on this page, you can scrutinise fees for conveyancing solicitors in Ferryhill and throughout England and Wales.

My wife and I purchased a leasehold flat in Ferryhill. Conveyancing and TSB mortgage went though with no issue. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1992. The conveyancing practitioner in Ferryhill who acted for me is not around. Do I pay?

First contact HMLR to make sure that the individual claiming to own the freehold is indeed the new freeholder. You do not need to instruct a Ferryhill conveyancing solicitor to do this as you can do this on the Land Registry website for £3. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

I am the registered owner of a garden flat in Ferryhill, conveyancing was carried out January 2012. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Ferryhill with an extended lease are worth £201,000. The ground rent is £45 yearly. The lease finishes on 21st October 2090

You have 65 years left to run we estimate the premium for your lease extension to range between £13,300 and £15,400 as well as plus your own and the landlord's "reasonable" professional fees.

The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. 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 clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.