My husband and I are hoping to acquire a property in Kirby Muxloe and are in fact using a Kirby Muxloe conveyancing firm. Within the last couple of days our solicitor has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. Aldermore have this evening contacted us to inform me that they have now hit a problem as our Kirby Muxloe conveyancer is not on their conveyancing panel. What do we do from here?

When purchasing a property with mortgage finance it is standard for the purchasers' solicitors to also represent the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyer should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel as you are at liberty to use your preferred Kirby Muxloe lawyers, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another lawyer into the mix.

It has been five months since my purchase conveyancing in Kirby Muxloe completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. 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 premises 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.

About to purchase a new build flat in Kirby Muxloe. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Kirby Muxloe

Please confirm the Lease plans are surveyor prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?

Do I need to be concerned about brokers that I am dealing with are suggesting a web based conveyancing firm as opposed to a High Street Kirby Muxloe conveyancing firm?

As with many service providers, often input from relatives can be extremely useful or valuable. Yet there are many parties with a keen interest in a conveyancing transaction; estate agents, financial adviser and mortgage companies may suggest conveyancers to select. On occasion these conveyancers might be known to one of the organisations as experts in their field, but sometimes there may be a commercial relationship behind the recommendation. You have the discretion to choose your own lawyer. However, bear in mind that many mortgage providers specify a panel list of solicitors you must use for the mortgage related work in your conveyancing.

In my capacity as executor for the estate of my uncle I am selling a residence in Newport but I am based in Kirby Muxloe. My lawyer (approximately 300 miles awayneeds me to sign a statutory declaration prior to the transaction finalising. Can you recommend a conveyancing practitioner in Kirby Muxloe to witness and place their company stamp on the document?

Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are based in Kirby Muxloe