I'm buying a new build house in Holmrook with the aid of help to buy. The builders would not reduce the amount so I negotiated five thousand pounds worth of extras instead. The sale representative suggested that I not inform my lawyer about the extras as it would put at risk my mortgage with the bank. Do I keep my lawyer in the dark?.

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.

I am selling my property. My past lawyers closed down. I am in need of a recommendation of a conveyancing firm. I happen to live in Holmrook if that affects matters.

Please use our search tool to help you choose a solicitor for your conveyancing in Holmrook. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.

Am I best advised to go with a Holmrook conveyancing lawyer in close proximity to the house I am hoping to buy? We have a good friend who can deal with the legal formalities however they are based approximately 350kilometers away.

The primary upside of using a local Holmrook conveyancing firm is that you can attend the office to sign paperwork, deliver your ID and pester them where appropriate. Having local Holmrook know how is a bonus. However nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and they were content that should trump using an unknown Holmrook conveyancing solicitor solely due to them being local.

I've recently bought a leasehold property in Holmrook. Do I have any liability for service charges relating to a period prior to completion of my purchase?

In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

I purchased a split level flat in Holmrook, conveyancing was carried out 9 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Holmrook with a long lease are worth £211,000. The average or mid-range amount of ground rent is £45 levied per year. The lease terminates on 21st October 2091

You have 67 years left to run the likely cost is going to be between £10,500 and £12,000 as well as costs.

The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.

To what extent are Holmrook conveyancing solicitors duty bound by the Law Society to publish clear conveyancing costs?

Inbuilt into the Solicitors Code of Conduct are prescriptive rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their charges to clients.The Law Society have a practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not intended as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, nevertheless, constitute the Law Society’s perspective of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Holmrook or or elsewhere in the country.