I am planning to acquire a property and need a conveyancing solicitor in Market Harborough who is on the Yorkshire Building Society solicitor. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Yorkshire Building Society in certain locations such as Market Harborough. We dont recommend any particular firm.
It has been 4 months following my purchase conveyancing in Market Harborough took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Market Harborough differ for newly converted properties?
Most buyers of new build premises in Market Harborough come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is constructed. This is because developers in Market Harborough tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Market Harborough or who has acted in the same development.
I opted to have a survey done on a house in Market Harborough prior to instructing solicitors. I have been advised that there is a flying freehold element to the property. The surveyor advised that some mortgage companies tend not grant a mortgage on a flying freehold home.
It depends who your proposed lender is. Bank of Scotland has different requirements from Birmingham Midshires. If you call us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Market Harborough. Conveyancing may be slightly more expensive based on your lender's requirements.
I was pointed in your direction by two or three local selling agents in Market Harborough to find a conveyancer on your site. What’s the financial inducement for Estate Agents to recommend your services over alternative conveyancing organisations?
We refuse to make any commission for directing people to this site. We found it would be just too difficult to pay a commission because a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
Can you provide any advice for leasehold conveyancing in Market Harborough with the purpose of expediting the sale process?
- Much of the delay in leasehold conveyancing in Market Harborough can be avoided if you appoint lawyers the minute your agents start advertising the property and ask them to put together the leasehold documentation which will be required by the buyers’ solicitors. If you have the benefit of shareholding in the Management Company, you should ensure that you have the original share document. Organising a duplicate share certificate is often a lengthy formality and slows down many a Market Harborough home move. If a reissued share certificate is necessary, you should approach the company officers or managing agents (where relevant) for this as soon as possible. In the event that you altered the property did you need the Landlord’s approval? Have you, for example installed wooden flooring? Most leases in Market Harborough state that internal structural changes or addition of wooden flooring necessitate a licence from the Landlord consenting to such works. Should you dont have the approvals to hand you should not contact the landlord without contacting your solicitor before hand. If there is a history of any disputes with your freeholder or managing agents it is very important that these are settled prior to the flat being put on the market. The purchasers and their solicitors will be reluctant to purchase a flat where there is a current dispute. You may have to bite the bullet and pay any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the buyers, but it is better to present the dispute as historic as opposed to ongoing.
Market Harborough Leasehold Conveyancing - Sample of Queries Prior to Purchasing
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Does the lease include onerous restrictions? Is there a share of the freehold? How many of the leaseholders are in arrears for their maintenance charge payments?