My wife and I are acquiring a newly constructed apartment in Wedmore and my conveyancer is advising me that she is duty bound to the bank to disclose incentives from the developer. The Estate Agents are hassling me to exchange and I have no desire to delay deal. is my lawyer playing by the book?

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

Do lenders provide you with an approved list of Wedmore conveyancing solicitors? How do you know who is on the Principality conveyancing panel?

Wedmore conveyancing firms themselves provide us confirmation that they are on the Principality conveyancing panel as opposed to being supplied with a list from Principality directly.

A colleague pointed out to me me that in buying a property in Wedmore there could be various restrictions preventing external changes to the property. Is this right?

We are aware of anumerous of properties in Wedmore which have some sort of restriction or requirement of consent to perform external changes. Part of the conveyancing in Wedmore should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

We have a mortgage agreed in principle with Coventry BS. Wedmore conveyancing lawyers were appointed. How long does it take for Coventry BS to issue the offer to the conveyancer?

There is no definitive answer here. Have Coventry BS done the survey? Have you informed Coventry BS as to your lawyers' details and checked that your lawyers are on the Coventry BS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.

We have agreed to purchase a house in Wedmore. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Santander be concerned?

Given that you are obtaining a mortgage with Santander your lawyer must comply with the formal requirements outlined in Section two of UK Finance Lenders’ Handbook for Santander. The Council of Mortgage Lenders’ Handbook stipulates minimum conditions for solar panel roof-space leases, and conveyancers are required to report to Santander where a lease fails to meet these requirements. The specifications relate to the installation of panels on properties in England and Wales and is not isolated to Wedmore.

I am purchasing my first flat in Wedmore with a loan from Accord Mortgages Ltd. The sellers refused to reduce the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep suggested that I not to tell my solicitor about the side-deal as it would put at risk my loan with the lender. 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.

I am buying a house with all finances in place. My lawyer has been supplied with with two separate forms of photographic ID, bank statement, multiple utility bills. Now he needs a copy from a probate lawyer acknowledging that the funds are in order and that it has come from inheritance and not selling fake DVD.

For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Wedmore conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.