My partner’s brother is a conveyancing practitioner. I hope that I will be offered preferential rates for conveyancing, but if not, what level of costs should I be paying for conveyancing in Loughborough?

You should compare pricing. Do use our comparison tool on this page. You will notice that estimates seem to vary but the service one can expect differ between conveyancers as is the case with most professions.

Finally the sale completed on my house in Loughborough last June yet the purchaser is telephoning daily complaining that his lawyer is waiting to hear from mine. What should have happened now that I have sold?

After completion of your sale your solicitor should deliver the transfer deeds and all additional paperwork to the purchaser's conveyancer. Depending on the transaction, your conveyancer should also evidence that the home loan has been discharged to the purchasers conveyancers. There is unlikely to be post completion procedures peculiar conveyancing in Loughborough.

I am purchasing a terraced house in Loughborough. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?

Leaving aside the complexities and merits of DIY conveyancing in Loughborough you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Loughborough.

When it comes to mortgage companies such as Skipton, do Loughborough property lawyers face a fee to be on the conveyancing panel?

We are unaware of any mortgage company fees to be on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel application.

We expect to receive a AIP from Yorkshire BS this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Yorkshire BS recommend any Loughborough solicitors on the Yorkshire BS conveyancing panel, or is it better to go independently?

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

It is unclear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Loughborough building society branch on numerous occasions and was informed it wasn't a problem and they will lend. My Loughborough conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they will not lend based on their specific requirements. I simply don't know who is right.

As long as the property lawyer is on the lender panel, she or he must follow the CML Handbook specifications for the lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.

I'm purchasing my first flat in Loughborough with a loan from Barclays . The developers refused to budge the price so I negotiated five thousand pounds worth of extras instead. The sale representative told me not disclose to my lawyer about the deal as it would adversely affect my mortgage with the bank. 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.