As a novice what is the most important advice you can impart regarding purchase conveyancing in Lyddington?

You may not hear this from too many lawyers but conveyancing in Lyddington or throughout Rutland is an adversarial process. Put another way, when it comes to conveyancing there exists plenty of room for confrontation between you and others involved in the legal transfer of property. E.g., the seller, property agent and sometimes your mortgage company. Appointing a law firm for your conveyancing in Lyddington an important selection as your conveyancer is your adviser, and is the SOLE person in the process whose responsibility is to protect your best interests and to protect you.

On occasion a third party with a vested interest will attempt to persuade you that it is in your interests to do things their way. For instance, the estate agent may claim to be assisting by claiming that your lawyer is wrong. Or your mortgage broker may try to convince you to do take action that is against your solicitors advice. You should always trust your lawyer above all other parties in the home moving process.

Me and my brother own a 4 bedroom Victorian property in Lyddington. Conveyancing solicitor acted for me and Bank of Scotland. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, the second leasehold with the exact same property. I'd like to know for sure, how can I find out??

You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Lyddington and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with your conveyancing lawyer who conducted the conveyancing.

I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what should have been a quick, chain free conveyancing. Lyddington is where the house is located. What do you suggest?

Flying freeholds in Lyddington are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Lyddington you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lyddington may determine 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 property.

Is it possible to swap firm as I have to appoint one who is on the Nationwide Building Society conveyancing list. I hired a family conveyancing solicitor in Lyddington five minutes from me but she is not approved by Nationwide Building Society

It would be our pleasure to help you select a conveyancing solicitor in Lyddington on the Nationwide Building Society panel. Please note that the law firms that we work with do not pay us commission if you instruct them and are fully regulated by the SRA who regulate all conveyancing solicitors in Lyddington. In utilising search facility on this website, you can contrast fees for conveyancing solicitors in Lyddington and beyond.

I am tempted by the attractive purchase price for a two apartments in Lyddington which have in the region of 50 years left on the lease term. Will this present a problem?

There are plenty of short leases in Lyddington. The lease is a legal document that entitles you to use the premises for a period of time. As the lease gets shorter the marketability of the lease reduces and results in it becoming more costly to extend the lease. This is why it is advisable to increase the term of the lease. It is often difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on such properties. Lease extension can be a difficult process. We advise that you seek professional assistance from a conveyancer and surveyor with experience in this arena.

Leasehold Conveyancing in Lyddington - Examples of Questions you should ask before buying

This question is helpful as a) areas can result in problems for the block as the common areas may begin to deteriorate if repairs are not paid for b) if the leaseholders have a dispute with the running of the building you will need to know about it Make sure you discover if the the lease contains any unreasonable restrictions in the lease. For example plenty of leases prohibit pets being permitted in in a block in Lyddington. If you like the propertyin Lyddington yet your dog can’t make the move with you then you have a very hard determination.