My partner and I are only a couple days away from an exchange on a flat in Fradley and my mum and dad have sent the 10% deposit to my property lawyer. I am now informed that as the deposit has been sent from someone other than me my property lawyer needs to make a notification to my bank. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the bank concerning my parents' contribution when I applied for the home loan, so is it really necessary for this now to delay the deal?

The solicitor is duty bound to check with the bank to make sure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your lender if you agree, failing which, your lawyer must cease to continue acting.

I am about to put a bid on a leasehold property in Fradley. The property agents assure me that it is usual for flats in Fradley to have less than 75 years left on the lease. I am getting a mortgage with Platform. Will the property be mortgageable given that the lease has Seventy One years unexpired.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 8/10/2025 the requirements read as follows :

I'm buying my first flat in Fradley with a loan from Britannia. The sellers refused to budge the price so I negotiated 6k of additionals instead. The sale representative suggested that I not disclose to my lawyer about this extras as it may put at risk my mortgage with Britannia. 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.

My company is planning to take an assignment of a lease of a shop on the high street. Can you recommend conveyancers offering competitive fees for commercial conveyancing in Fradley for under 1500k?

We can recommend firms who have an in-depth of experience of commercial conveyancing in Fradley, including the disposal and acquisition of businesses as well as simply property. Whether you are hoping to purchase or lease a shop, pub, restaurant, office, retail premises or a whole business we can find you the right lawyer. As for the charges this will depend on the structure and complexity of the proposed transaction. Let us have your details or telephone us so that we can furnish you with a fixed commercial conveyancing calculation.

Estate agents have just been given the go-ahead to market my garden apartment in Fradley. Conveyancing has not commenced, but I have recently had a half-yearly service charge demand – what should I do?

Your conveyancing lawyer is likely to suggest that you should pay the service charge as normal given that all ground rent and maintenance charges will be allotted on completion, so you should recover the relevant percentage by the buyer 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. Having a clear account will assist your cause and will leave you no worse off financially.

I inherited a split level flat in Fradley, conveyancing having been completed February 2001. Can you work out an approximate cost of a lease extension? Similar flats in Fradley with a long lease are worth £170,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease ends on 21st October 2103

You have 78 years left to run we estimate the premium for your lease extension to range between £7,600 and £8,800 plus professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.