My husband and I are acquiring a new build apartment in Aldermanbury and my lawyer is telling me that she is duty bound to the bank to reveal incentives from the developer. I am on a tight deadline to sign contracts and my preference is not to prolong deal. Is my lawyer right?

You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.

My wife and I are purchasing a flat in Aldermanbury. It might be a silly question but how we can trust a solicitor? On completion day we will need to send funds into their account. What is the protection we have from them run away with our deposit?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Aldermanbury?

There are many registered licenced Conveyancers in Aldermanbury and Solicitor firms in Aldermanbury who provide Conveyancing services It is important to make clear that both are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. Both can deal with other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.

We were going to get a OIP from Nottingham this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Nottingham recommend any Aldermanbury solicitors on the Nottingham conveyancing panel, or is it better to go independently?

You will need to appoint Aldermanbury solicitors independently although you'll need to choose one on the Nottingham conveyancing panel. The solicitor represents both you and Nottingham through the process.

Will my lawyer be asking questions regarding flooding during the conveyancing in Aldermanbury.

Flooding is a growing risk for lawyers dealing with homes in Aldermanbury. Some people will acquire a house in Aldermanbury, completely aware that at some time, it may be flooded. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or sell the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.

Lawyers are not best placed to impart advice on flood risk, but there are a numerous searches that can be undertaken by the buyer or by their solicitors which will give them a better appreciation of the risks in Aldermanbury. The conventional set of property information forms given to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) incorporates a usual inquiry of the seller to find out if the premises has suffered from flooding. If the property has been flooded in past and is not notified by the vendor, then a buyer could bring a legal claim for losses as a result of such an misleading response. A purchaser’s conveyancers will also commission an enviro report. This will indicate if there is any known flood risk. If so, further inquiries will need to be carried out.

I am purchasing my first flat in Aldermanbury benefiting from help to buy. The sellers would not reduce the amount so I negotiated £7000 of additionals instead. The house builders rep told me not inform my conveyancer about this side-deal as it will 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.

Given that I will soon part with £400,000 on a property in Aldermanbury I wish to talk to a conveyancer concerning thehome move prior to giving the go ahead to the firm. Can this be arranged?

We could not agree more - we would be pleased to talk to you we do not take any clients on without you liaising with the solicitor who will be doing your property ownership legalities in Aldermanbury.There is no ‘factory style conveyancing’ - every client is unique individual, not a matter reference. The law firms that we put you in touch with believe that the fees you are provided with for your conveyancing in Aldermanbury should be the amount on the final invoice that you end up paying.