We are nearing an exchange on a flat in Kirby Muxloe and my parents have transferred the exchange deposit to my conveyancer. I am now informed that as the deposit has not come from me my lawyer needs to make a notification to my lender. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the bank regarding my parents' contribution when I applied for the home loan, so is it really necessary for this now to delay the deal?

Your property lawyer is duty bound to clarify with mortgage company to make sure that they know that the balance of the purchase price is not from your own resources. The solicitor can only report this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.

I'm buying a new build house in Kirby Muxloe with the aid of help to buy. The sellers refused to budge the price so I negotiated £7000 of extras instead. The sale representative advised me not inform my solicitor about the deal as it could jeopardize my loan with Barnsley Building Society. 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.

Due to the guidance of my in-laws I had a survey completed on a house in Kirby Muxloe prior to instructing solicitors. I have been told that there is a flying freehold overhang to the house. The surveyor advised that some banks tend not grant a loan on a flying freehold home.

It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. Should you wish to telephone us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Kirby Muxloe. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Kirby Muxloe to see if the conveyancing costs will increase in light of this.

What does commercial conveyancing in Kirby Muxloe cover?

Non domestic conveyancing in Kirby Muxloe incorporates a wide array of advice, provided by regulated solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.

I am on look out for some leasehold conveyancing in Kirby Muxloe. Before I set the wheels in motion I would like to find out the unexpired term of the lease.

Assuming the lease is registered - and 99.9% are in Kirby Muxloe - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I bought a ground floor flat in Kirby Muxloe, conveyancing was carried out May 1996. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Kirby Muxloe with over 90 years remaining are worth £186,000. The ground rent is £55 charged once a year. The lease ends on 21st October 2076

With just 52 years left to run the likely cost is going to span between £29,500 and £34,000 as well as legals.

The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.