My partner and I are purchasing a new build duplex in Wirksworth and my conveyancer is advising me that she is duty bound to the bank to disclose incentives from the developer. I am on a tight deadline to exchange contracts and my preference is not to prolong matters. is my lawyer playing by the book?

You should not exchange unless you have been advised to do so by your lawyer. 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.

Is it necessary during the course of the conveyancing process to attend the offices of the solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in Wirksworth so that I can pop in to their offices if necessary.

Whereas this was necessary twenty years ago, the vast majority lenders no longer require their conveyancing panel lawyer to witness the borrowers signature. It will still be necessary for you to provide ID documents and there are still distinct benefits to instructing a local ayer, in your case a conveyancing solicitor in Wirksworth.

I'm buying my first flat in Wirksworth with a mortgage from Virgin Money. The developers would not budge the amount so I negotiated five thousand pounds worth of extras instead. The property agent told me not reveal to my conveyancer about this side-deal as it will jeopardize my mortgage 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.

My husband and I are 14 days into a freehold purchase having been referred to conveyancers by the high street agent to carry out the conveyancing in Wirksworth. I am am very dissatisfied with the quality of service. Could you help me find new conveyancers?

They would have to be really poor in order to consider diss instructing them. Has the mortgage offer been generated? If so you will need to inform them of the replacement conveyancer and ensure the loan are issued to the new lawyers. Your conveyancer needs to be on the mortgage company approved list to avoid added fees and complications. That should be your starting point. Our find a solicitor tool can assist you in finding a bank approved solicitor for your conveyancing in Wirksworth

Been reading online that Wirksworth solicitors are more costly than Wirksworth conveyancers in Wirksworth when it comes to purchasing a house. Am I better off using a conveyancer or a solicitor if I am buying a house in Wirksworth.

When it comes to conveyancing in Wirksworth the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.