A relative advised me that in purchasing a property in Craven Arms there could be a number of restrictions prohibiting external alterations to a property. Is this right?

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

I can not fathom if my lender requires a lease extension. I have called my Craven Arms bank branch on a couple of occasions and was advised it wasn't an issue and they would lend. My Craven Arms conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they would not lend in accordance with their specific requirements. Who do I believe?

The conveyancing practitioner has to comply with the Council of Mortgage Lenders’ Handbook section two requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.

At last I have had an offer on a flat in Craven Arms agreed to, but there is a chain. The sellers have offered on a property, but it’s not been accepted yet, and are looking at other flats booked. I have selected a bricks and mortar conveyancing solicitor in Craven Arms. What should be my next step? When do I get the mortgage application with Lloyds going?

It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx one thousand pounds, then valuation, Craven Arms conveyancing search charges, etc). The first course of action is to ensure that your lawyer is on the Lloyds conveyancing panel. Concerning the next stages this very much dictated by the specifics of your case, motivation for the property and on the state of the market. During a hot market many buyers would apply for a home loan with Lloyds and arrange for the valuation and only if it comes back ok would they ask their lawyer to press on with the conveyancing in Craven Arms.

3 months have elapsed since my purchase conveyancing in Craven Arms took place. I have checked the Land Registry website which shows that I paid £200,000 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.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Craven Arms. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Set out below are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Craven Arms

The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please confirm the Lease plans are surveyor prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.

I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a straight forward, chain free conveyancing. Craven Arms is where the house is located. What do you suggest?

Flying freeholds in Craven Arms are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Craven Arms you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Craven Arms may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

I'm converting the mortgage on my primary house to a buy to let mortgage with National Westminster Bank and intend to use the remaining equity as a down payment on another house. The neighborhood we are talking about is Craven Arms. Will your conveyancers be able to act for the two lenders and tie in the conveyances?

Do use our comparison tool on this site to check that the conveyancers are approved by both mortgage companies. Assuming that they are your solicitor should be able to simultaneously deal with the two transactions but you should talk with you lawyer and make apparent your desired outcome and requirements.