Much to our surprise we have been advised by our financial adviser that my Brading the law firm I have appointed is not on the lender Solicitor panel. How can I be certain if this is indeed the case?

Your first step should be to call your Brading conveyancer. You lawyer should advise you what has happened. Where they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your mortgage company.

All was ready to move into my new home in Brading next Friday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the bank. What does the insurance need to cover?

Any lawyer on acting for mortgage companies would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s UK Finance Lenders’ Handbook instructions. These obligations are not specific to conveyancing in Brading.

I am buying my first flat in Brading benefiting from help to buy. The sellers would not reduce the amount so I negotiated £7000 of additionals instead. The house builders rep suggested that I not inform my solicitor about the side-deal as it would impact my mortgage with The Mortgage Works. Do I keep my lawyer in the dark?.

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 am looking at a two apartments in Brading both have in the region of 50 years remaining on the lease term. Will this present a problem?

A lease is a legal document that entitles you to use the property for a period of time. As a lease shortens the saleability of the lease decreases and it becomes more costly to acquire a lease extension. This is why it is often a good idea to extend the lease term. It is often difficult to sell a property with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a difficult process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this field.

Brading Leasehold Conveyancing - Sample of Queries Prior to Purchasing

It would be wise to discover as much as possible about the company managing the block as they will impact your use and enjoyment of the property. Being a leasehold owner you are frequently at the mercy of the managing agents both financially and when it comes to every day matters like the cleanliness of the communal areas. Ask other people whether they are happy with their service. On a final note, find out the dates that you are obliged pay the maintenance charge to the managing agents and precisely what you get for your money. For many Brading leaseholds the cost for major works are not included within service charges, albeit that there some managing agents in Brading require leaseholders to contribute towards a sinking fund and this is used to offset against major repairs or maintenance. It would be sensible to enquire if the the lease contains any unreasonable restrictions in the lease. For instance it is fairly common in Brading leases that pets are not permitted in in a block in Brading. If you love the flatin Brading however your cat is not allowed to live with you then you will be presented with a hard determination.

What type of premises does your Brading conveyancing quotes relate to?

The quotes provided are only relevant to standard residential homes in England & Wales. Where you have any different requirements such as industrial or agricultural property or commercial conveyancing in Brading do telephone us to consider this further .