My mortgage broker says he needs my Potton law firm’s panel member for the Nationwide conveyancing panel. Can you suggest how I find this out. I have tried my local Potton office but they don't know it.

Have you tried contacting your Potton conveyancer about this?. Most Potton conveyancing firms will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.

We are due to move home in March. Should my conveyancing solicitor update the removal company on the day of completion. On a separate note, can you put forward a removal company in Potton. Conveyancing lawyer was organised before I stumbled across this page.

On the afternoon of completion you will need to collect the keys from the selling agent however this should only take place when the previous owners lawyers inform the agent that they acknowledge receipt of the completion payment and the keys can be given over. You should inform the removal company that you are ready to move in. As a matter of policy we do not recommend a particular removal company but can assist you in locating a conveyancing in Potton or a lawyer with expertise in conveyancing in Potton.

Can you point me to a directory of Bank of Ireland panel solicitors in Potton on the UK Finance Lenders’ Handbook Website?

Unfortunately not yet. There is no such tool on the CML or Building Society Association websites. Very few mortgage companies make their panel listings viewable online. If you are seeking to appoint a Potton solicitor on the Bank of Ireland please use our tool.

I have decided to exercise my right to buy my property in Potton off the council. I have a mortgage agreed with Aldermore. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?

It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Aldermore, you will need to appoint a solicitor on the Aldermore conveyancing panel.

I am purchasing my first flat in Potton with the aid of help to buy. The builders would not reduce the price so I negotiated five thousand pounds worth of additionals instead. The sale representative told me not disclose to my solicitor about the side-deal as it will adversely affect my loan with the lender. 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 opted to have a survey completed on a property in Potton ahead of retaining conveyancers. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some lenders will refuse to grant a loan on this type of home.

It varies from the lender to lender. Santander has different instructions for example to Nationwide. If you call us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Potton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Potton to see if the conveyancing costs will increase in light of this.

I am tempted by the attractive purchase price for a two apartments in Potton which have approximately forty five years remaining on the leases. Should I regard a short lease as a deal breaker?

A lease is a right to use the property for a period of time. As a lease gets shorter the marketability of the lease deteriorates and it becomes more expensive to extend the lease. This is why it is advisable to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease as mortgage companies may be reluctant to lend money on such properties. Lease extension can be a protracted process. We recommend you get professional help from a solicitor and surveyor with experience in this arena.

I acquired a 1st floor flat in Potton, conveyancing having been completed May 2003. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Potton with an extended lease are worth £191,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease ceases on 21st October 2079

You have 54 years unexpired we estimate the premium for your lease extension to be between £32,300 and £37,400 as well as costs.

The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.