I'm buying my first flat in Cwmcarn with a loan from . The sellers refused to move on the price so I negotiated £7000 of fixtures and fittings instead. The property agent advised me not inform my conveyancer about this extras as it would put at risk my loan with . 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.

Over the last few months I have been searching for a flat up to £245,000 and identified one near me in Cwmcarn I like with open areas and transport links in the vicinity, the downside is that it's only got 51 years on the lease. I can't really find anything else in Cwmcarn for this price, so just wondered if I would be making a grave error acquiring a short lease?

If you need a home loan that many years will be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of twenty four months you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.

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At name of site receive an accurate quote from a Solicitor or Licensed Conveyancer that appreciates the nuances for your conveyancing in Cwmcarn. Unlike many estate agents and many comparison sites we do not operate kick-back arrangements with solicitors. A large number of agents and online brokers 'recommend' solicitors who pay the highest per referral, as opposed to the best value conveyancing in Cwmcarn