As a novice what is the most important number one tip you can give me regarding purchase conveyancing in Markfield?

Not many law firms or advisers will tell you this but conveyancing in Markfield and elsewhere in Leicestershire is often a confrontational experience. In other words, when it comes to conveyancing there is lots of opportunity for conflict between you and others involved in the legal transfer of property. For example, the seller, selling agent and on occasion your lender. Selecting a law firm for your conveyancing in Markfield an important selection as your conveyancer is your adviser, and is the ONE party in the transaction whose role it is to act in your best interests and to keep you safe.

Every so often a third party with a vested interest will try and convince you that you should follow their advice. For instance, the estate agent may claim to be helping by claiming that your lawyer is dragging his heels. Or your financial adviser may tell you to do take action that is contrary to your conveyancers guidance. You should always trust your lawyer above all other parties in the conveyancing process.

My Conveyancer in Markfield has never been on on the Yorkshire Building Society Solicitor Panel. Can I still retain my family solicitor notwithstanding that they are excluded from the Yorkshire Building Society panel?

The limited options available to you here include:

1. Carry on with your preferred Markfield lawyers but Yorkshire Building Society will need to instruct a lawyer on their list of acceptable firms. This will inevitably rack up the total conveyancing charges as well as cause delays.
2. Get a new solicitor to to deal with the conveyancing, remembering to check they are Yorkshire Building Society approved.
3. Persuade your Yorkshire Building Society solicitor to seek to join the Yorkshire Building Society panel

I opted to have a survey completed on a house in Markfield ahead of instructing lawyers. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some banks may not give a mortgage on a flying freehold house.

It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. If you call us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Markfield. Conveyancing will be smoother if you use a solicitor in Markfield especially if they are familiar with such properties in Markfield.

I've recently bought a leasehold house in Markfield. Do I have any liability for service charges for periods before my ownership?

Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Markfield Leasehold Conveyancing - Sample of Questions you should ask Prior to buying

What is the name of the managing agents? On the whole the outlay for major works are not wrapped into the maintenance charges, although some managing agents in Markfield obliged leaseholders to contribute towards a reserve fund created for the specific purpose of building a fund for larger repairs or maintenance. Does this lease have more than 85 years remaining?

My partner and I have just had a bid accepted on our 1st home in Markfield, and are about to get solicitors lined up. I have utilised the numerous comparison tools and the fee estimates are from all across the country. Is it critical to have a Markfield conveyancing practitioner local to the prospective house? We are willing to do everything over email, but I am thinking at some stage we may be required to attend the solicitor's office to sign documents?

There is no need to attend the office of your conveyancer, they can post any relevant papers to you, which you can sign and send back. Many buyers and sellers nevertheless opt to instruct a locally based solicitor, but it is not a prerequisite for conveyancing in Markfield.