Will my conveyancing lawyers need to check that the building insurance when buying a house in Altrincham. My lender is Tesco Bank

Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 23/1/2025, the requirements read as follows :

I'm buying a new build house in Altrincham with a mortgage from Virgin Money. The builders refused to move on the amount so I negotiated 6k of extras instead. The sale representative suggested that I not reveal to my lawyer about this deal as it will jeopardize my loan with the lender. Is this normal?.

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 was advised by a few estate agents in Altrincham to select a property lawyer on your site. Is there a financial advantage for Estate Agents to recommend your site over a competitor’s?

We refuse to make any commission for directing people to this site. We found it would be just too difficult to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.

My father-in-law has encouraged me to use his conveyancing solicitors in Altrincham. Should I use them?

Much as we are happy to recommend a Altrincham conveyancing lawyer it’s preferable to find a conveyancing solicitor is to have recommendations from friends or family who have experience in using the conveyancer that you are contemplating using.

I wish to let out my leasehold apartment in Altrincham. Conveyancing solicitor who did the purchase is retired - so can't ask her. Is permission from the freeholder required?

A small minority of properties in Altrincham do contain a provision to say that subletting is only allowed with permission. The landlord is not entitled to unreasonably withhold but, in such cases, they would need to see references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.

I own a 1st floor flat in Altrincham, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Altrincham with over 90 years remaining are worth £180,000. The ground rent is £65 levied per year. The lease runs out on 21st October 2084

With only 59 years unexpired the likely cost is going to range between £20,900 and £24,200 plus professional fees.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.