I am in the throes of switching my current homeowner mortgage to a Buy to Let mortgage. I was told by my financial advisor that I must appoint a lawyer as part of the process. I spoke to the same Ravensthorpe conveyancing practitioner who who did the conveyancing when I originally acquired the house. The costs illustration sent of £550 has shocked me as its a remortgage than a sale or purchase.

The quote is fractionally on the steep side. If you shop around you may be able to trim some of the cost by say £100 plus VAT. On the other hand, providing that you were happy with the assistance the firm provided you couldcome to regret choosing an an untested solicitor. If is important to be sure that the solicitor can also act for . You can make use of our search tool to choose a Ravensthorpe conveyancing firm on the conveyancing panel, which can often include conveyancing solicitors in Ravensthorpe.

My nephew is in the process of securing a newly built flat in Ravensthorpe with a mortgage from . His solicitor has advised him of a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?

The form is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the conveyancing panel as a standard part of the process, and to the valuer when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

Are there restrictive covenants that are commonly picked up as part of conveyancing in Ravensthorpe?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Ravensthorpe. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I'm buying my first flat in Ravensthorpe with a loan from . The builders refused to move on the amount so I negotiated 6k of extras instead. The estate agent told me not inform my solicitor about the deal as it will jeopardize my loan with . Is this normal?.

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.

Our lawyer in Ravensthorpe has identified a a legal deficiency with the lease for the flat we are buying in Ravensthorpe. The seller’s lawyers have offered title insurance as a workaround. We are content with insurance and will pay for it. Our solicitor says that as he is on the lender conveyancing panel he must ensure that the lender is happy with this solution. Who is the client here, us or the bank?

The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the mortgage company are the client. A precondition to being on the lender approved panel is to comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects will the lease so that the mortgage company can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.