We are acquiring our first home. Our lawyer has texted usto check if we want to order additional conveyancing searches. Frankly we are clueless as to what's needed for conveyancing in Cambourne

The range of Cambourne conveyancing searches depends entirely on the premises, the location, the probability of any of these risks, your knowledge of the area and risks, your general appetite to risk. What is important is that you adequately comprehend what information each search could give you. Then you can make a decision if you consider that you need that information. If unclear, ask your solicitor to guide you.

Why is leasehold purchase conveyancing in Cambourne is more expensive?

In short, leasehold conveyancing in Cambourne and elsewhere usually requires extra due diligence compared to freehold transactions. This includes reviewing the lease, corresponding with the landlord about serving applicable notices, securing current service charge and management information, procuring the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different owners have owned the lease since it was first entered into.

My wife and I have a semi-detached Georgian house in Cambourne. Conveyancing practitioner represented me and Lloyds TSB Bank. I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold under the exact same property. I'd like to know for sure, how can I find out??

You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Cambourne and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with the conveyancing practitioner who conducted the conveyancing.

I am purchasing a new build house in Cambourne with a mortgage from Godiva Mortgages Ltd. The sellers would not move on the amount so I negotiated five thousand pounds worth of extras instead. The sale representative suggested that I not inform my solicitor about the deal as it may jeopardize my mortgage with Godiva Mortgages Ltd. Is this normal?.

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.

Due to the advice of my in-laws I had a survey completed on a property in Cambourne prior to appointing conveyancers. I have been advised that there is a flying freehold element to the house. The surveyor has said that some lenders tend refuse to issue a loan on this type of house.

It depends who your proposed lender is. Lloyds has different instructions for example to Halifax. If you contact us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Cambourne. Conveyancing may be slightly more expensive based on your lender's requirements.