I am purchasing my first flat in Great Barr with the aid of help to buy. The sellers would not reduce the amount so I negotiated five thousand pounds worth of extras instead. The estate agent advised me not to tell my solicitor about this deal as it will impact my mortgage with the lender. Should I keep quiet?.

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 encouragement of my in-laws I had a survey completed on a property in Great Barr ahead of appointing conveyancers. I have been advised that there is a flying freehold element to the house. My surveyor advised that some lenders tend refuse to give a mortgage on such a house.

It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. If you e-mail us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Great Barr. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Great Barr to see if the conveyancing will be more expensive.

How simple is it to use the search tool to find a conveyancing practitioner in Great Barr on the panel for my mortgage?

Step one is to select a lender such as , or then choose your location e.g. Great Barr. Conveyancing firms in Great Barr and beyond should be listed.

Planning to exchange soon on a garden flat in Great Barr. Conveyancing solicitors assured me that they report fully next week. What should I be looking out for?

The report on title for your leasehold conveyancing in Great Barr should include some of the following:

The length of the lease term. You should be advised as what happens when the lease ends, and informed of the importance of the 80 year mark specifics of the parties to the lease, e.g. these could be the lessee, superior lessor, freeholder Your lawyers should enable you to have an understanding of the building insurance provisions Changes to the flat Specifying your rights in respect of common areas in the block.By way of example, does the lease contain a right of way over a path or hallways?

Great Barr Leasehold Conveyancing - Examples of Questions you should ask Prior to buying

Is anyone aware of any major works in the near future that will likely add a premium to the maintenance fees? Are any of leasehold owners in arrears of their service charge payments?

We had our home loan approved yesterday with our lender. We have retained a long established conveyancer in Great Barr two days ago. Today, our broker called to say that the mortgage company said that we cannot use our solicitor as they aren't on their panel. As novices, we did not have a clue that the mortgage company had some control over our choice Is this usual?

You are at liberty to select any conveyencer you prefer to select including the said conveyancer in Great Barr but if they are not on the your bank's approved list you must pay an extra fee so the mortgage company can instruct their own lawyers. It may be possible your preferred conveyancing firm to get added to the lender list of approved firms. Do make the most of web-based search facilities such as lenderpanel.com to find a conveyancing solcitor in Great Barr on the bank panel. You can go into your local mortgage company branch in Great Barr. They can recommend conveyancing solicitors in Great Barr on the approved list.