We are buying a flat in Chadderton. I might seem paranoid but how we can trust a lawyer? On the day of competition we have to deposit our life savings into their account. What protection do we have from them run away with our money?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

My stepmother informed me that in buying a property in Chadderton there may be various restrictions preventing external alterations to a property. Is this right?

There are a number of properties in Chadderton which have some sort of restriction or requirement of consent to perform external changes. Part of the conveyancing in Chadderton should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

Can I be sure that the Chadderton conveyancing solicitor on the Nationwide panel is any good?

When it comes to conveyancing in Chadderton obtaining recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the solicitor carrying out your transaction.

Various web forums that I have come across warn that are a common cause of hinderance in Chadderton house deals. Is that correct?

The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not feature within the common causes of hindrances during the legal transfer of property. Searches are not likely to feature in any delay in conveyancing in Chadderton.

I am purchasing my first flat in Chadderton with the aid of help to buy. The builders refused to move on the amount so I negotiated five thousand pounds worth of additionals instead. The sale representative advised me not reveal to my lawyer about the deal as it would affect 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.

We are 18 days into a freehold purchase having been recommend to a firm by the selling agent to execute conveyancing in Chadderton. I am am extremely disappointed with the quality of service. Could you help me find new lawyers?

A conveyancer would have to be very bad to suggest diss instructing them. Has the mortgage offer been generated? In the event that it has you need to advise them of the new contact details and get the mortgage documents are re-issued. Your new conveyancer needs to be on the banks panel to avoid escalating expenses and delays. So that should be your first question of the new lawyers. The search tool should assist you in finding a lender approved solicitor for your home move in Chadderton

I am tempted by the attractive purchase price for a couple of flats in Chadderton both have about forty five years unexpired on the lease term. Do I need to be concerned?

There are no two ways about it. A leasehold flat in Chadderton is a wasting asset as a result of the shortening lease. The closer the lease gets to its expiry date, the more it adversely affects the marketability of the premises. The majority of buyers and lenders, leases with under 75 years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Chadderton conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I acquired a ground floor flat in Chadderton, conveyancing having been completed half a dozen years ago. How much will my lease extension cost? Similar properties in Chadderton with over 90 years remaining are worth £191,000. The ground rent is £55 yearly. The lease finishes on 21st October 2079

You have 54 years left to run the likely cost is going to be between £31,400 and £36,200 plus costs.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.