My husband and I are purchasing a brand new flat in Rothbury and my lawyer is advising me that she is duty bound to the bank to disclose incentives from the seller. I am under pressure to sign contracts and I don't want to delay deal. Is my lawyer right?

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

I used Action Conveyancing a few years past for my conveyancing in Rothbury. Now, I need the files however the law firm is no longer operating. What do I do?

Do contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Rothbury of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

I'm purchasing a new build house in Rothbury with the aid of help to buy. The developers would not move on the price so I negotiated 6k of extras instead. The estate agent advised me not inform my lawyer about this side-deal as it may impact my loan with the lender. 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.

Is there anything unique about your site and other online quote calculators when it comes to conveyancing in Rothbury?

At this site receive an accurate costs illustration from a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in Rothbury. As opposed to estate agents and many comparison sites we do not have kick-back arrangements with solicitors. A large number of agents and online brokers 'recommend' solicitors paying the highest commission, not the best value conveyancing in Rothbury

Having checked my lease I have discovered that there are only 68 years left on my flat in Rothbury. I need to get lease extension but my freeholder is can not be found. What should I do?

If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. You will be obliged to prove that you or your lawyers have used your best endeavours to locate the freeholder. On the whole an enquiry agent would be helpful to carry out a search and to produce a report to be used as proof that the landlord can not be located. It is wise to seek advice from a conveyancer both on proving the landlord’s absence and the application to the County Court covering Rothbury.

Rothbury Conveyancing for Leasehold Flats - Examples of Queries before Purchasing

Please note if it is fewer than eighty years it will affect the value of the flat. Check with your mortgage company that they are content with the length of the lease. A short lease means that you will almost definitely have to extend the lease at some point and you need to have some idea of what this would cost. Remember, in most cases you will need to own the premises for 24 months before you are eligible to extend the lease. Does the lease have onerous restrictions? How much is the ground rent and service charge?