Can you explain why leasehold purchase conveyancing in Market Drayton costs more?
The conveyancing costs on a leasehold property in Market Drayton is often higher as compared to a freehold property. This is due to the additional investigations required in dealing with the landlord and management company to obtain evidence about whether the rent and service charges have been paid and whether there are any significant expenditure in the near future on repairs or maintenance of the building.
My stepmother advised me that in buying a property in Market Drayton there could be various restrictions preventing external changes to the property. Is this right?
There are a number of properties in Market Drayton which have some sort of restriction or requirement of consent to perform external changes. Part of the conveyancing in Market Drayton should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My wife and I buying a 4 bedroom semi-detached house in Market Drayton. The intention is to carry out a loft conversion at the property.Will the conveyancing process include investigations to ascertain if these works are prohibited?
Your solicitor should check the registered title as conveyancing in Market Drayton will sometimes reveal restrictions in the title documents which restrict certain works or necessitated the permission of a 3rd party. Some extensions require local authority planning consent and approval in compliance with building regulations. Many areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these things with a surveyor ahead of any purchase.
Is there a list of Kent Reliance panel conveyancers in Market Drayton on the Building Society Association’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few mortgage companies make their panel listings visible on the web. If you are in need of a Market Drayton lawyer on the Kent Reliance please make the most of our facility.
A relative recommended that if I am purchasing in Market Drayton I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally included in the estimate for your Market Drayton conveyancing searches. It is a large report of more than thirty pages, listing and setting out significant information about Market Drayton around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Market Drayton 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 plans and statistics, Local Amenities and other useful information regarding Market Drayton.
2 months have gone by following my purchase conveyancing in Market Drayton completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. 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.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a simple, chain free conveyancing. Market Drayton is where the house is located. Can you shed any light on this issue?
Flying freeholds in Market Drayton are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Market Drayton you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Market Drayton may determine 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 residence.