Just been in touch with my conveyancing lawyer in Wolverhampton who acted for me two years ago requesting a conveyancing estimate based on the same type of house move (a leasehold property and a freehold property) of almost identical values with a loan from Barclays . It looks as though am now being charged double. Stick with what I know or should I seek out an alternative conveyancer?
The quote is slightly on the high side. If you you were to look around you might get the conveyancing a bit cheaper by say £100 plus VAT. That being said, providing that you were satisfied with the assistance the firm gave you couldcome to rue choosing an an unknown conveyancer. If is important to check the firm can act for Barclays . Do use our search tool to choose a Wolverhampton conveyancing firm on the Barclays conveyancing panel, which can often include conveyancing solicitors in Wolverhampton.
My husband and I are buying a brand new flat in Wolverhampton and my solicitor is advising me that she is duty bound to the bank to disclose incentives from the seller. I am nearing the developer’s deadline to exchange contracts and I have no desire to prolong matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. 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 there a reason why leasehold purchase conveyancing in Wolverhampton is more expensive?
In short, leasehold conveyancing in Wolverhampton and elsewhere usually necessitates more hours of investigation compared to freehold conveyancing. This includes analysing the lease terms, liaising with the landlord concerning serving required notices, procuring up-to-date service charge and management information, securing the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different leaseholders have owned the lease since it was first granted.
I have 7378 less than 75 years left on my lease and need a lease extension for my flat in Wolverhampton. Conveyancing solicitors on the Bank of Ireland panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 14/1/2026 the requirements read as follows :
I am buying my first flat in Wolverhampton with a loan from Yorkshire Building Society. The developers refused to move on the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep advised me not disclose to my conveyancer about the side-deal as it may impact my loan 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.