My husband and I are buying a newly constructed duplex in Lower Earley and my solicitor is informing me that she is duty bound to the lender to reveal incentives from the seller. I am under pressure to exchange and I don't want to prolong the conveyancing. is my lawyer playing by the book?

You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.

Why is leasehold purchase conveyancing in Lower Earley costs more?

Lower Earley leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.

Do I need to have a meeting at the offices of the solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Lower Earley so that I can pop in to their offices when needed.

Whereas this was necessary ten years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. It will still be necessary for you to hand over ID documents and there are still manifest advantages to choosing a local solicitor, in your situation a conveyancing solicitor in Lower Earley.

I'm buying my first flat in Lower Earley with a loan from Aldermore. The builders would not budge the amount so I negotiated five thousand pounds worth of additionals instead. The property agent advised me not to tell my conveyancer about this side-deal as it could adversely affect my loan with the bank. Should I keep quiet?.

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 require the services of a lender panel solicitor in Lower Earley. Could you help me?

Unfortunately it’s not apparent why you need a Lower Earley panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the bank to find out which solicitors in Lower Earley are on their panel . If you do find such a firm in Lower Earley not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site