I am obtaining a mortgage offer from Lloyds. I hope to employ the services of a Licensed Conveyancer in South Petherton and Lambrook. Does the Lloyds Conveyancing panel allow for conveyancers regulated by the CLC?

The Lloyds approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.

We hope to to purchase with Loughborough BS. We have called around locally but cant to find a South Petherton and Lambrook conveyancing firm on the Loughborough BS approved list. Could you help?

You should take advantage of the search tool on this site. Pick the lender and type South Petherton and Lambrook or your preferred area and you will see numerous conveyancers based in South Petherton and Lambrook or near you.

I am buying a new build house in South Petherton and Lambrook with a mortgage from Leeds Building Society. The sellers would not budge the price so I negotiated £7000 of extras instead. The property agent suggested that I not reveal to my conveyancer about the extras as it could jeopardize my loan with the lender. Is this normal?.

All lenders require a Disclosure of Incentives Form from the developer 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 have just started marketing my basement flat in South Petherton and Lambrook. Conveyancing lawyers have not yet been instructed, however I have just had a yearly service charge demand – should I leave it to the buyer to sort out?

The sensible thing to do is pay the invoice as normal because all rents and service charges should be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.

I am the registered owner of a leasehold flat in South Petherton and Lambrook, conveyancing was carried out 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? Corresponding flats in South Petherton and Lambrook with an extended lease are worth £191,000. The average or mid-range amount of ground rent is £55 levied per year. The lease ends on 21st October 2079

With only 54 years unexpired the likely cost is going to span between £31,400 and £36,200 plus costs.

The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.

My conveyancing in South Petherton and Lambrook is completing next Friday, yet the people I am purchasing from has asked to move out the next day at at 2pm. Do I agree to such a idea?

In situations where you require a bank loan then your solicitor will insist that you have vacant possession on Friday - the lender will demand it.