How does conveyancing in Market Bosworth differ for newly converted properties?
Most buyers of new build premises in Market Bosworth approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is built. This is because new home sellers in Market Bosworth 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 Bosworth or who has acted in the same development.
I decided to have a survey completed on a property in Market Bosworth before retaining conveyancers. I have been advised that there is a flying freehold element to the property. The surveyor advised that some lenders tend not issue a mortgage on such a property.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. If you contact us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Market Bosworth. Conveyancing may be slightly more expensive based on your lender's requirements.
What makes your site different to alternative online quote calculators for conveyancing in Market Bosworth?
At this site get an accurate costs illustration via a Solicitor or Licensed Conveyancer that understands the nuances for your conveyancing in Market Bosworth. As opposed to estate agents and many comparison sites we do not operate referral arrangements with solicitors. A large number of agents and online brokers 'recommend' solicitors paying the most kickback, rather than the best value conveyancing in Market Bosworth
I've recently bought a leasehold flat in Market Bosworth. Do I have any liability for service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Market Bosworth Conveyancing for Leasehold Flats - Examples of Queries before Purchasing
The best form of lease arrangement is a share of the freehold. In this arrangement the tenants benefit from control and even though a managing agent is usually employed if it is bigger than a house conversion, the managing agent acts for the leaseholders themselves. It would be wise to investigate if there is anything that is prohibited in the lease. For instance some leases prohibit pets being allowed in in a block in Market Bosworth. If you like the flatin Market Bosworth however your dog is not allowed to move with you then you have a very difficult decision. Is the freehold owned collectively by the leaseholders?
How do I find out who is the owner of a house in Market Bosworth?
As long as the property is recorded at HM Land Registry, and you have requisite information of the location of the premises, you should be able to obtain details from the HMLR of the registered owner for a fee.