My colleague suggested that where I am buying in Markfield I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually included in the estimate for your Markfield conveyancing searches. It is not a small document of more than thirty pages, listing and detailing important information about Markfield around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful information about Markfield.
3 months have gone by since my purchase conveyancing in Markfield concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. 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 property 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.
Due to the input of my in-laws I had a survey completed on a house in Markfield before retaining lawyers. I have been told that there is a flying freehold overhang to the property. My surveyor advised that some lenders may refuse to give a loan on this type of house.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. Should you wish to telephone us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Markfield. Conveyancing will be smoother if you use a solicitor in Markfield especially if they regularly deal with such properties in Markfield.
I am selling my house. My former solicitors have shut. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Markfield if that affects matters.
Please use our search tool to help you choose a solicitor for your conveyancing in Markfield. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
Back In 2001, I bought a leasehold flat in Markfield. Conveyancing and Barclays Direct mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1993. The conveyancing practitioner in Markfield who previously acted has long since retired. Any advice?
The first thing you should do is contact HMLR to be sure that this person is in fact the new freeholder. It is not necessary to instruct a Markfield conveyancing practitioner to do this as it can be done on-line for a few pound. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Markfield Leasehold Conveyancing - Sample of Queries Prior to buying
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Are there any major works anticipated that will likely add a premium to the service costs? Many Markfield leasehold apartments will incur a service bill for maintenance of the block invoiced on behalf of the landlord. Where you purchase the apartment you will have to pay this amount, normally periodically during the year. This could be anything from two or three hundred pounds to thousands of pounds for large purpose-built buildings. In all probability there will be a ground rent to be met annual, this is usually not a large sum, say approximately £50-£100 but you need to enquire as occasionally it can be many hundreds of pounds. The best form of lease arrangement is a share of the freehold. In this scenario the lessees have control and even though a managing agent is often retained if the building is larger than a house conversion, the managing agent is directed by the tenants.
My offer on detached house in Markfield was agreed to, the vendor does however have a dependent purchase. The sellers have offered on on an apartment, although it’s not been accepted yet, and are looking at other properties in the pipeline. I have chosen a local conveyancing solicitor in Markfield. What do I do now? When do I get the mortgage application with Leeds Building Society started with Leeds Building Society?
It is normal to have concerns where there is an associated chain given your reluctance to be too out of pocket too early (mortgage application is in the region of one thousand pounds, then survey, Markfield conveyancing search costs, etc). First, you should ensure that your conveyancer is on the Leeds Building Society conveyancing panel. As to the subsequent phase this very much dictated by the uniqueness of your transaction, desire for the property and on the state of the market. During a buoyant market many buyers will apply for a home loan with Leeds Building Society and arrange for the survey and only if it comes back ok would they request their conveyancing practitioner to move forward with searches.