My relative advised me that if I am purchasing in Conisborough I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?

This is a search is usually included in the estimate for your Conisborough conveyancing searches. It is a large report of about 40 pages, listing and setting out important information about Conisborough around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Conisborough Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Conisborough Education with maps and statistics, Local Amenities and other useful data regarding Conisborough.

It has been five months following my purchase conveyancing in Conisborough concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. 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 asset 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.

How does conveyancing in Conisborough differ for newly converted properties?

Most buyers of new build premises in Conisborough come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Conisborough typically buy 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 conveyancers 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 Conisborough or who has acted in the same development.

Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a simple, chain free conveyancing. Conisborough is where the house is located. What do you suggest?

Flying freeholds in Conisborough are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Conisborough you must be sure that your lawyer goes 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 Conisborough may ascertain 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 premises.

I own a leasehold flat in Conisborough. Conveyancing was completed in last year. I have heard that I mustn’t allow the lease length get too low. Why is that a problem?

Conisborough leasehold properties are for a set term - normally ninety nine years when they are first granted. However a significant appartments in Conisborough were constructed or converted 35 or more years ago and so such leases now have fewer than 80 years left to run. That may sound like a long time however Banks, Building Societies and other mortgage institutions tend to require leases to have at least 75 years unexpired to adequate security. This means that when you come to sell the property you will need to extend the term of your lease if you are approaching 75 years. To maximise the saleability of your property you should be thinking about whether to extend your lease well in advance of selling the property. Furthermore advantages to doing so before the lease reaches even 80 years as when the lease falls below 80 years the amount you have to pay to extend starts to increase.