Are there restrictive covenants that are commonly identified as part of conveyancing in Market Bosworth?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Market Bosworth. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

How does conveyancing in Market Bosworth differ for newly converted properties?

Most buyers of new build premises in Market Bosworth approach us having been asked by the developer to sign contracts and commit to the purchase even before the premises is ready to move into. This is because new home sellers in Market Bosworth tend to purchase the real estate, 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 conveyancing solicitors 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 used to new build conveyancing in Market Bosworth or who has acted in the same development.

I have been advised by a number of estate agents in Market Bosworth to choose a conveyancer on your site. What’s the financial incentive for Estate Agents to recommend your site rather than alternative conveyancing organisations?

We don’t make any referral fee for sending work our way. We found it would be just too difficult to pay a commission because a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.

Having had my offer accepted I require leasehold conveyancing in Market Bosworth. Before I get started I want to be sure as to the remaining lease term.

If the lease is registered - and 99.9% are in Market Bosworth - 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 Bosworth Leasehold Conveyancing - Examples of Questions you should consider Prior to buying

What is the service charge and ground rent on the apartment? Plenty Market Bosworth leasehold flats will have a service bill for maintenance of the block set by the landlord. Where you buy the flat you will have to pay this liability, normally periodically accross the year. This may vary from a few hundred pounds to thousands of pounds for large purpose-built buildings. In all likelihood there will be a rentcharge to be met annual, this is usually not a exorbitant sum, say about £25-£75 but you should to enquire as sometimes it could be prohibitively expensive. The answer will be useful as a) areas could cause problems in the building as the communal areas may begin to deteriorate if repairs are not paid for b) if the leaseholders have an issue with the managing agents you will want to know about it

Myself and my husband have recently had an offer agreed on a apartment and had meeting on Wednesday with Nationwide for the mortgage. They warned us that when it comes to appointing a conveyancer that if they are not on their approved list of conveyancers then we will be subject to an a further fee of £200. This is is due to the fact that they would then have to appoint a property lawyer to act on their behalf in addition to the one we select for ourselves and we are liable for their costs. I have asked Nationwide to supply me with a list so I can request quotes only from their approved lawyers but was told that I need to check with each individual conveyancer to see if they are on the panel. Is their an easier way of going about this?

Ask Nationwide what their panel criteria is for a conveyancer.Thereafter ask the solicitor of your choice whether they fit that criteria and have they acted on loans for Nationwide previously. If the answer to those is yes, then just double check with Nationwide. Alternatively please use our search tool and we should be able to locate a conveyancer in Market Bosworth on the approved list for Nationwide.