My lawyer has uncovered a a problem with the lease for the flat we are purchasing in Morden Park. The seller’s lawyers have offered title insurance as a solution. We are content with insurance and will cover the costs. Our conveyancer says that he must ensure that the bank is happy with this solution. Are we the client or is the mortgage company ?

Notwithstanding that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their provisions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the lender are the client. These conveyancing instructions have to be complied with.

I'm buying a new build house in Morden Park with a mortgage from Aldermore. The builders refused to reduce the price so I negotiated 6k of extras instead. The house builders rep told me not inform my conveyancer about this extras as it could affect my loan with Aldermore. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder 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 am looking into buying my first house which is in Morden Park and I am already nervous. I couldn't find anything specific about Morden Park. Conveyancing will be needed in due course but do you know about the Morden Park area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Morden Park. In the meantime here are some basic statistics that we found

My brother has suggested that I appoint his lawyers for conveyancing in Morden Park. Should I use them?

No doubt the best way to select a conveyancing solicitor is to get feedback from friends or family who have actually experience in using the conveyancer you're are thinking of instructing.

Despite our best efforts, we have been unsuccessful in negotiating a lease extension in Morden Park. Can the Leasehold Valuation Tribunal adjudicate on premiums?

Absolutely. We can put you in touch with a Morden Park conveyancing firm who can help.

An example of a Lease Extension matter before the tribunal for a Morden Park residence is 33 The Maisonettes Alberta Avenue in June 2014. the Tribunal decided that the premium payable for the grant of a new lease be the sum of £20,680 (Twenty Thousand six hundred and eighty pounds). This case related to 1 flat. The remaining number of years on the lease was 60.43 years.

What makes a Morden Park lease defective?

Leasehold conveyancing in Morden Park is not unique. Most leases are unique and drafting errors can result in certain provisions are wrong. The following missing provisions could result in a defective lease:

Repairing obligations to or maintain parts of the property

You may encounter a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Lloyds TSB Bank, Barnsley Building Society, and Platform Home Loans Ltd all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, obliging the buyer to pull out.