The Gravesend conveyancing firm handling our Gravesend conveyancing has discovered an inconsistency when comparing the assumptions in the valuation report and what is in the legal papers for the property. My solicitor informs me that he is obliged to check that the bank is with this discrepancy and is content to go ahead. Is my solicitor’s approach right?

Your must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.

My bank has recommended solicitors on their panel based in Gravesend but I would rather instruct a conveyancing lawyer in Gravesend or nearer to where I live. Are you able to assist?

Far from all Gravesend conveyancing solicitors are on all lender’s conveyancing panel. Do make the most of the above search tool to identify a Gravesend conveyancing solicitor on the on the lender panel.

five months have gone by since my purchase conveyancing in Gravesend took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

I am purchasing a new build house in Gravesend with a loan from . The developers refused to budge the amount so I negotiated £7000 of extras instead. The house builders rep suggested that I not inform my solicitor about the extras as it will jeopardize my loan with the lender. Is this normal?.

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 am looking for a ground for flat up to £195,000 and found one near me in Gravesend I like with open areas and transport links nearby, the downside is that it only has 49 years on the lease. I can't really find anything else in Gravesend for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?

Should you need a home loan the shortness of the lease will be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.