I have a renovated Edwardian property in Whimple. Conveyancing lawyer represented me and TSB. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?

You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Whimple and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with your conveyancing practitioner who conducted the purchase.

I'm buying a new build house in Whimple with the aid of help to buy. The sellers refused to reduce the amount so I negotiated £7000 of extras instead. The house builders rep suggested that I not to tell my lawyer about the deal as it will put at risk my loan with Barclays . Do I keep my lawyer in the dark?.

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.

Due to the advice of my in-laws I had a survey completed on a property in Whimple in advance of instructing conveyancers. I have been advised that there is a flying freehold element to the house. My surveyor has said that some mortgage companies will not give a loan on a flying freehold premises.

It varies from the lender to lender. Santander has different requirements from Halifax. Should you wish to telephone us we can check 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 Whimple. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Whimple to see if the conveyancing will be more expensive.

What makes a Whimple lease unacceptable for security purposes?

Leasehold conveyancing in Whimple is not unique. All leases are unique and drafting errors can result in certain provisions are missing. For example, if your lease is missing any of the following, it could be defective:

Insurance obligations

You may have difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Yorkshire Building Society, Leeds Building Society, and TSB all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to grant the mortgage, forcing the purchaser to pull out.

I own a leasehold flat in Whimple, conveyancing having been completed in 2000. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Whimple with a long lease are worth £197,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease expires on 21st October 2078

With 54 years unexpired we estimate the premium for your lease extension to range between £32,300 and £37,400 plus legals.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.

I have miscalculated my finances and am a couple of thousand pounds short a 10% deposit on my flat purchase in Whimple , but I still want to proceed. What can I do?

You can agree a lesser deposit. Many vendors will accept a lesser deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.

You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last minute