I need some fast conveyancing in Gedling as I am under pressure to exchange contracts inside 3 weeks. A mortgage is not required. Is it possible to decline from having conveyancing searches to save money and time?

As you are are a mortgage free buyer you are at liberty not to have searches conducted although no lawyer would suggest that you don't. With plenty of history conveyancing in Gedling the following are examples of issues that can crop up and adversely impact future mortgageability: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Railway Schemes,...

I'm purchasing a new build house in Gedling with the aid of help to buy. The builders refused to move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent advised me not disclose to my lawyer about this deal as it could adversely affect my mortgage 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.

I have been advised by a number of property agents in Gedling to find a conveyancer using your seach tool. What’s the financial incentive for Estate Agents to market your site over another?

We don’t give any referral fee for directing people to this site. We found it would be just too difficult a fee as members of the public would think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.

Estate agents have just been given the go-ahead to market my 2 bed flat in Gedling. Conveyancing solicitors are to be appointed soon, however I have just had a quarterly service charge invoice – what should I do?

It best that you clear the invoice as normal given that all ground rent and maintenance invoices should be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until 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. This will smooth the conveyancing process.

I own a studio flat in Gedling, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Gedling with an extended lease are worth £195,000. The average or mid-range amount of ground rent is £45 per annum. The lease runs out on 21st October 2088

You have 63 years remaining on your lease the likely cost is going to span between £16,200 and £18,600 plus legals.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.

When it comes to my conveyancing in Gedling should I be paying VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee

(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Gedling conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the conveyancing practitioner's time in submitting the funds this way.