We wanted to use a property lawyer in South Normanton for our house move. Our broker has since advised us that our bank won't deal with them. Why is this not regarded as unfair competition?

Banks normally restrict either the type or the volume of conveyancing solicitors on their approved list of lawyers. A common example of such restriction(s) being that a firm must not be a sole practitioner. As well as restricting the type of firm, some have limited the amount of firms they allow to represent them. You should note that have no responsibility for the quality of advice provided by any member of Conveyancer Panel. Mortgage fraud was a primary driver in the rationalisation of conveyancing panels a few years ago even though there are differing views regarding the level of solicitor involvement in some of that fraud. Data from the Land Registry indicate that hundreds of law firms, including some in or near South Normanton only carry out very few conveyances per annum.

Are there restrictive covenants that are commonly identified during conveyancing in South Normanton?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in South Normanton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

i am buying a new build house in South Normanton with a loan from . The sellers refused to budge the amount so I negotiated £7000 of additionals instead. The property agent advised me not inform my lawyer about the deal as it could adversely affect my loan 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.