We are acquiring our first house. Our solicitor has contact usto check if we wish to order additional conveyancing searches. We are really unsure what's needed for conveyancing in Market Harborough
The quantity and type of Market Harborough conveyancing searches should be triggered based primarily on the property, the location, the possibility of any of these risks, your knowledge of the locality and risks, your general approach to risk. What is important is that you adequately appreciate what information each search could give you. You may then make a decision if you consider that you need that search. If unsure, ask your conveyancer to advise.
My lawyer in Market Harborough is not on the Nottingham Building Society Approved Panel. Is it possible for me to continue with my prefered solicitor even though they are excluded from the Nottingham Building Society panel of approved conveyancing solicitors?
Your options are as follows:
- Carry on with your existing Market Harborough solicitors but Nottingham Building Society will need to retain a solicitor on their panel. This will result in additional overall legal fees as well as cause frustration.
- Choose a new lawyer to to deal with the conveyancing, remembering to check they are Nottingham Building Society approved.
- Try to convince your Nottingham Building Society based solicitor to try to join the Nottingham Building Society panel
Are there restrictive covenants that are commonly picked up during conveyancing in Market Harborough?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Market Harborough. 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…’
Should I go with a Market Harborough conveyancing solicitor based in the location that I am purchasing? An old friend can perform the legal formalities however her office is over three hundred miles drive away.
The benefit of a local Market Harborough conveyancing practice is that you can drop in to sign documents, hand in your ID and pester them where appropriate. They will also have local knowledge which is a bonus. That being said nothing is more important than finding someone that will pull out all the stops for you. If if people you trust instructed your friend and they were happy that should outweigh using an unfamiliar Market Harborough conveyancing lawyer just because they are local.
Should I stop my mortgage payments with Lloyds once a completion date for my home sale in Market Harborough has been agreed?
You would be well advised to continue meeting any mortgage payments to Lloyds pending the mortgage being discharged out of the proceeds of sale as part of your Market Harborough conveyancing.