My wife and I are due to complete on the purchase of a house in Horncastle but as a consequence of wreckage from some water damage at the property I have managed to agree reparation from the owner of £3k taking the form of a reduction in the price. I had intended this to be dealt with as part of the conveyancing process however Coventry BS are not allowing this. Why were they involved?

The conveyancer being on the Coventry BS conveyancing panel is duty bound to inform Coventry BS of any changes to the sale price. If you were to refuse your lawyer to report the reduction to Coventry BS then they would have to discontinue acting for you. In addition, Coventry BS and you would have to appoint a new solicitor for your conveyancing in Horncastle.

I'm converting the mortgage on my existing home to a BTL mortgage with The Mortgage Works and I will use the rest of the raised equity as a deposit on another property. The area we are talking about is Horncastle. Will your solicitors be able to act for both sets of lenders and link together the conveyances?

Make use of our search tool on this page to ensure that the solicitors are approved by both banks. Assuming that they are the conveyancer should be able to tie up the two transactions but you should talk with you lawyer and make clear your desired outcome and requirements.

Am I better off to use a Horncastle conveyancing lawyer who is local to the property I am purchasing? An old friend can carry out the legal work but his firm is located approximately 350miles drive away.

The benefit of a local Horncastle conveyancing firm is that you can visit the firm to execute paperwork, hand in your ID and apply pressure on them if necessary. They will also have local knowledge which is a bonus. However nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and in the main were impressed that must trump using an unfamiliar Horncastle conveyancing lawyer just because they are based in the area.

There are only 62 years left on my lease in Horncastle. I now want to get lease extension but my landlord is can not be found. What are my options?

If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. You will be obliged to demonstrate that you have used your best endeavours to locate the landlord. In some cases an enquiry agent would be helpful to try and locate and prepare a report to be accepted by the court as proof that the freeholder is indeed missing. It is wise to seek advice from a solicitor both on investigating the landlord’s disappearance and the vesting order request to the County Court overseeing Horncastle.

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

Make sure you investigate if there are any onerous restrictions in the lease. For instance it is reasonably common in Horncastle leases that pets are not allowed in certain buildings in Horncastle. If you love the apartmentin Horncastle yet your dog is not allowed to make the move with you then you will be presented with a difficult choice. Best to be warned if fixing the lift or some other major work is due shortly that will be shared by the leasehold owners and will dramatically increase the the maintenance charges or require a one off payment. This information is important as a) areas can cause problems for the building as the communal areas may begin to deteriorate if repairs remain unpaid b) if the leaseholders have a dispute with the managing agents you will want to have complete disclosure

I have today had an offer accepted on an apartment in Horncastle and the estate agent that we are dealing with recommended his property lawyer. She quoted nine hundred pounds plus VAT and disbursements. Does this sound reasonable?

You should not rely on 1 estimate. One should obtain like-for-like quotes for your conveyancing in Horncastle. Then select one that you are comfortable with and crucially, is on the approved list of the lender that you are sourcing your mortgage from.