I am need of leasehold conveyancing for a flat in a fairly new development (five years built) in Petts Wood. Almost all the properties are already sold. Is it strictly necessary to order neighbourhood searches as part of conveyancing in Petts Wood?

Where you are obtaining a mortgage, your lender will require some (many) of the searches so you'll have no choice. If not, then Petts Wood conveyancing searches are optional. Your solicitor, will 'advise', perhaps in the strongest possible terms, that you should have the searches done, but he or she is duty bound in this regard. One thing to bear in mind; if you are likely to sell the house one day, it may be of interest to your future buyer what the searches contain. Sometimes houses with no practical issues can still throw up adverse search results. But if you insist that your lawyer to proceed without searches then your lawyer will have to follow your instructions or you may need to find a new lawyer for your conveyancing in Petts Wood.

How do I investigate if the solicitor handling my conveyancing in Petts Wood is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for thus paying £187.00 plus VAT in supplemental conveyancing invoice.

Please do make use of the search tool on this page. Pick the lender and type ‘Petts Wood’ or your location and you will discover a number of lawyer offices in Petts Wood or by proximity to you.

i am buying a new build house in Petts Wood with a loan from . The sellers would not reduce the amount so I negotiated five thousand pounds worth of additionals instead. The property agent suggested that I not disclose to my solicitor about the extras as it could jeopardize my mortgage with the bank. Do I keep my lawyer in the dark?.

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.