The Market Harborough conveyancing firm handling our Market Harborough conveyancing has discovered a discrepancy between the assumptions in the home valuation report and what is in the conveyancing documents. My solicitor says that he is duty bound to ensure that the lender is happy with this discrepancy and is still content to lend. Is my solicitor’s stance legitimate?

Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.

I am selling my home in Market Harborough. Will the conveyancer need to be required to be on the Barclays conveyancing panel in order to deal with repayment of my mortgage?

Ordinarily, even if your lawyer is not on the Barclays conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently currently.

We had selected solicitors located in Market Harborough on the Co-operative solicitor approved list. They have just billed me a separate amount for handling the Co-operative mortgage. Is this a supplemental conveyancing fee specified by Co-operative?

As unfair as it may appear, as long as it’s in their Terms of Engagement or estimate then yes your property lawyer is entitled to levy a fee for this. This fee is not set by Co-operative but by your Market Harborough conveyancer. Plenty of firms on the Co-operative panel will levy an ‘acting for lender’ fee but plenty of firms incorporate it on their overall fee.

I have a mortgage with Leeds Building Society for my property in Market Harborough. Conveyancing has been completed a year ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Leeds Building Society?

Leeds Building Society must be informed of your intention before letting out your property as this is likely to be a breach of Leeds Building Society’s mortgage conditions. It may be that Leeds Building Society will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Leeds Building Society directly. It should not be necessary to do this via a Leeds Building Society conveyancing panel firm.

Intending to buy a house in Market Harborough. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Leeds Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Market Harborough solicitor is on the Leeds Building Society conveyancing panel.

My colleague recommended that where I am purchasing in Market Harborough I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?

A search of this type is sometimes quoted for as part of the standard Market Harborough conveyancing searches. It is not a small document of more than thirty pages, listing and setting out significant information about Market Harborough around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Market Harborough Education with maps and statistics, Local Amenities and other useful data about Market Harborough.

I am in need of some leasehold conveyancing in Market Harborough. Before diving in I require certainty as to the remaining lease term.

Assuming the lease is registered - and almost all are in Market Harborough - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

Market Harborough Conveyancing for Leasehold Flats - Examples of Questions you should consider before Purchasing

You should want to find out as much as possible regarding the managing agents as they will impact your use and enjoyment of the property. As the owner of a leasehold property you will be in the clutches of the managing agents from a financial perspective and when it comes to day to day matters such as the upkeep of the communal areas. Don't be shy to ask other tenants whether they are happy with them. In conclusion, investigate as to the dates that the service fees are due to the managing agents and specifically what you get for your money. This information is useful as a) areas can cause problems for the block as the common areas may begin to deteriorate where repairs are not paid for b) if the leaseholders have a dispute with the running of the building you will wish to have all the details If a Market Harborough lease has no more than eighty years it will impact the value of the flat. It is worth checking with your mortgage company that they are content with residual term of the lease. Leases with less than 80 years remaining means that you will almost definitely have to extend the lease sooner rather than later and it is worth discovering how much this will be. For most Market Harboroughlease extensions you would need to own the property for a couple of years before you are legally able to extend the lease.