I have a decision in principle. The lender mentioned the home loan came with free conveyancing. Does this mean I have to instruct their panel solicitor as I would much rather appoint a Thornton Heath based conveyancing firm?

You should check but the chances are that give you one of their panel solicitors where you want the "fee-free" incentive. Speak to the bank to explore if they allow a monetary alternative. Some mortgage companies have previously offered a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor near Thornton Heath.

I am buying a new build house in Thornton Heath with a mortgage from HSBC Bank. The sellers refused to move on the amount so I negotiated five thousand pounds worth of additionals instead. The property agent suggested that I not inform my lawyer about this side-deal as it will adversely affect my mortgage with the lender. Should I keep quiet?.

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.

I am looking for a leasehold apartment up to £195,000 and found one close by in Thornton Heath I like with open areas and railway links nearby, however it's only got 51 remaining years left on the lease. I can't really find anything else in Thornton Heath suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?

Should you need a mortgage the remaining unexpired lease term may be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer about this.

Hoping to buy a property located in Thornton Heath and I am already nervous. I couldn't find anything specific about Thornton Heath. Conveyancing will be needed in due course but do you know about the Thornton Heath area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Thornton Heath. In the meantime here are some basic statistics that we found

I am buying a maisonette and cash is in place. My conveyancer has been given with 2 distinct evidence of photographic identification, bank statement, multiple utility bills. Now he requires a copy from a probate lawyer stating that the money is in order and that it has come from inheritance and not dealing E's in Ibiza.

In today’s world you will not be able to complete any Thornton Heath conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Proof of your source of funds is required under Money Laundering laws.