We were about to choose a conveyancing solicitor in Geddington listed by you but have come across some other estimates via the web look less expensive – why is this?

You can find plenty of firms advertising alleged cut-price conveyancing, but extracosts result in the completion bill markedly uplifted. In accordance with regulatory requirements fees outlined in terms and conditions should be honest and reasonable and be applied The solicitors that we list for conveyancing in Geddington specify all legal fees for a domestic conveyancing matter.

Is there a reason why leasehold purchase conveyancing in Geddington costs more?

In summary, leasehold conveyancing in Geddington and elsewhere usually necessitates extra due diligence compared to freehold transactions. This includes analysing the lease terms, communicating with the landlord concerning serving appropriate notices, securing current service charge and management information, procuring the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different leaseholders have owned the lease since it was first granted.

Are the BSA intent on creating a search tool with a view to list practices on the Melton Mowbray Building Society conveyancing panel for example in Geddington?

We are not aware of any intention on the part of the BSA to promote such a search facility.

I am purchasing a new build house in Geddington with the aid of help to buy. The sellers refused to reduce the price so I negotiated £7000 of extras instead. The house builders rep advised me not inform my solicitor about the extras as it could put at risk my loan with Nationwide Building Society. Do I keep my lawyer in the dark?.

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've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a simple, no chain conveyancing. Geddington is the location of the property. What do you suggest?

Flying freeholds in Geddington are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Geddington you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Geddington may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.