I am in the process of selling my maisonette in Broughton Astley and the estate agent has just telephoned to warn that the purchasers are switching law firm. I am told that this is due to the fact that the bank will only engage with solicitors on their approved list. On what basis would a major mortgage company only work with specific lawyers rather the firm that they want to choose for their conveyancing in Broughton Astley ?

Banks have always had panels of law firms they are willing to work with, but in the past few years big names such as Nationwide, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for decades.

Lending institutions point to the increase in fraud by way of justification for the reduction – criteria have been tightened as a smaller panel is easier to maintain. Banks tend not to reveal how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms that have been removed from panels. Plenty of firms do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your buyers are unlikely to have any sway in the decision.

I am need of leasehold conveyancing for a flat in a fairly new development (6 years old) in Broughton Astley. Almost all the appartments have already been occupied. Is it really necessary to order local searches as part of conveyancing in Broughton Astley?

A big part of the Broughton Astley legal transfer of property is the conveyancing searches. There are numerous search providers who offer Broughton Astley conveyancing searches, as well direct from the local authority. These are generally termed personal search providers due to them carrying out, personal searches. However, all Local Authority Search conveyancing products have one thing in common - they must secure their information from the local authority.

We are looking to buy a house and need a conveyancing solicitor in Broughton Astley who is on the Kent Reliance conveyancing panel. Can you recommend a local conveyancing firm?

Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Kent Reliance . We don't recommend any particular firms conducting conveyancing in Broughton Astley.

It has been five months following my purchase conveyancing in Broughton Astley took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. 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.

Planning to exchange soon on a ground floor flat in Broughton Astley. Conveyancing solicitors assured me that they are sending me a report next week. Are there areas in the report that I should be focusing on?

The report on title for your leasehold conveyancing in Broughton Astley should include some of the following:

Details of the parties to the lease, e.g. these could be the (you), superior lessor, freeholder You should be told what constitutes a Nuisance as far as the lease is concerned You should be sent a copy of the lease Does the lease prohibit wood flooring? What remedies are open the freeholder should you have violated the provisions of the lease?

Broughton Astley Conveyancing for Leasehold Flats - Examples of Questions you should consider Prior to Purchasing

Please inform me if there are any major works anticipated that will add a premium to the maintenance fees? The prefered form of lease arrangement is a share of the freehold. In this scenario the leaseholders have being in charge if their destiny and even though a managing agent is often retained where the building is larger than a house conversion, the managing agent retained by the leaseholders. Is there a share of the freehold?