I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Horncastle. My lender is Nationwide Building Society
Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 22/11/2025, the requirements read as follows :
Are there restrictive covenants that are commonly picked up as part of conveyancing in Horncastle?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Horncastle. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Over the last few months I have been searching for a ground for flat up to £235,500 and identified one near me in Horncastle I like with amenity areas and station in the vicinity, the downside is that it only has 49 remaining years left on the lease. I can't really find anything else in Horncastle in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a mortgage the shortness of the lease will likely be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you can ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.
Do I need to be concerned about estate agents that I am dealing with are encouraging me to use a national conveyancing firm as opposed to a local Horncastle conveyancing firm?
As with lots of professional services, often input from connections can be most helpful. But there are many parties with a vested interest in a conveyancing transaction; estate agents, financial adviser and mortgage companies might all put forward solicitors to select. Sometimes these lawyers might be known to one of the organisations as experts in their field, but sometimes there is an underlying financial incentive behind the recommendation. You are at liberty to appoint your own conveyancer. You need to be aware that most mortgage providers specify a panel list of solicitors you are obliged to use for the lender aspect of your house move.
Been searching for a conveyancing practitioner for leasehold sale conveyancing in Horncastle. We are selling, uncomplicated no mortgage to discharge, no hurry, no onward chain. Got an estimate from a conveyancer for £1000 excluding VAT which is a tad expensive given that its so straightforward. Can I pay less for conveyancing in Horncastle?
As it’s a sale only, £450 + VAT is likely to be about the lowest for a Horncastle solicitor firm.