The Verwood conveyancing firm handling our Verwood conveyancing has identified a discrepancy between the surveyor’s assumptions in the valuation report and what is revealed within the legal papers for the property. My lawyer informs me that he must check that the lender is OK with this discrepancy and is still content to lend. Is my solicitor’s stance appropriate?

Your conveyancer must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.

As someone clueless as to the Verwood conveyancing process what’s your top tip you can impart for the home moving process in Verwood

Not many law firms shout this from the rooftops but conveyancing in Verwood or throughout England and Wales is an adversarial experience. Put another way, when it comes to conveyancing there is an abundance of opportunity for confrontation between you and other parties involved in the home moving process. For instance, the vendor, property agent and even potentially your bank. Selecting a law firm for your conveyancing in Verwood an important selection as your conveyancer is your adviser, and is the ONE person in the process whose interest is to look after your legal interests and to protect you.

Sometimes a potential adversary will attempt to persuade you that you should follow their advice. For instance, the estate agent may claim to be assisting by claiming that your lawyer is dragging his heels. Or your financial adviser may try to convince you to do something that is against your solicitors guidance. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.

I have an AIP. The bank mentioned the home loan came with free conveyancing. Is the implication that I have to appoint their panel lawyer as I would much rather appoint a specialised conveyancing solicitor in Verwood?

You should check but the chances are that give you one of their panel conveyancers if you accept the "fee-free" offer. Call the lender to check if they allow a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor near Verwood.

I'm purchasing my first flat in Verwood with a loan from Chelsea Building Society. The developers refused to budge the amount so I negotiated £7000 of extras instead. The property agent advised me not inform my lawyer about this side-deal as it may put at risk my loan with the bank. 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.

What are your top tips when it comes to finding a Verwood conveyancing firm to deal with our lease extension?

When appointing a solicitor for lease extension works (regardless if they are a Verwood conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you make enquires with two or three firms including non Verwood conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be useful:

What are the charges for lease extension conveyancing? How many lease extensions have they carried out in Verwood in the last year?

Verwood Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to Purchasing

Who takes responsibility for maintaining and repairing the block? Does this lease have more than 82 years remaining? Generally speaking the cost for major works tend not to be included within maintenance charges, albeit that a few managing agents in Verwood require leaseholders to pay into a reserve fund created for the specific intention of establishing a fund for larger works.