My partner and I are purchasing a newly constructed duplex in Aldborough Hatch and my lawyer is advising me that she is duty bound to the lender to reveal incentives from the seller. I am nearing the developer’s deadline to exchange contracts and I don't want to delay deal. is my lawyer playing by the book?

You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a mortgage company 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.

I am looking for a flat up to £305k and identified one close by in Aldborough Hatch I like with open areas and railway links in the vicinity, the downside is that it only has 61 years unexpired on the lease. I can't really find anything else in Aldborough Hatch for this price, so just wondered if I would be making a grave error buying a lease with such few years left?

Should you need a mortgage the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.

Is it possible to switch solicitor as I have to choose one who is on the Britannia conveyancing panel. I had appointed a high street conveyancing solicitor in Aldborough Hatch five minutes from me but he is not approved by Britannia

We will our best to assist in finding you a conveyancing solicitor in Aldborough Hatch on the Britannia panel. Please note that the law firms that we on the directory do not pay us fee if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Aldborough Hatch. Using the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Aldborough Hatch.

I am using a search engine for the words conveyancing in Aldborough Hatch it brings up many solicitorslocally. How do I determine which is the suitable property lawyer for purchase transaction?

The preferential way of choosing a suitable conveyancer is through a trusted recommendation, so seek the opinion of friends and those you trust who have purchased a property in Aldborough Hatch or the local estate agent or financial adviser. Fees for conveyancing in Aldborough Hatch differ, so it's sensible to obtain at least four quotes from varying types of solicitors. Be sure to seek confirmation what costs in the quote includes.

Our lawyer in Aldborough Hatch has uncovered a a legal deficiency with the lease for the property we are purchasing in Aldborough Hatch. The other side have put forward defective title insurance as a workaround. We are content with insurance and will cover the costs. Our solicitor says that as he is on the bank conveyancing panel he must be satisfied that the lender is happy with this solution. Are we the client or is the bank?

The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the mortgage company are the client. A precondition to being on the mortgage company approved panel is to comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects will the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.