We are purchasing a house in Narborough. It might be a silly question but how we can trust a lawyer? At some point we will need to deposit money into their account. What is the protection we have from them run away with our money?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

When it comes to lenders such as Skipton, do Narborough conveyancing practitioners face a fee to be on the list of approved solicitors?

We are not aware of any mortgage company fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.

HSBC have agreed my mortgage in principle, my bid on a flat in Narborough has been accepted, what happens next?

Your property agent will wish to be informed of your property lawyer's details (be sure the property lawyers are on the bank’s approved list). Contact HSBC or the financial adviser and finish off any relevant forms. HSBC will instruct a valuer who will get in touch with the selling agent or vendor to arrange an appointment. Once carried out (assuming no problems) it takes approximately ten days for the mortgage offer to be issued. HSBC will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Narborough.

2 months have gone by since my purchase conveyancing in Narborough concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. 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.

What does commercial conveyancing in Narborough cover?

Non domestic conveyancing in Narborough incorporates a broad range of services, provided by qualified solicitors, relating to business property. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.

We are 17 days into a leasehold purchase having been directed to conveyancers by the estate agent to do our conveyancing in Narborough. I am am starting to be frustrated with the quality of service. Could you help me find new conveyancers?

A lawyer would need to be really bad to suggest replacing them. Has your mortgage been issued? In the event that it has you must make them aware of the replacement solicitor and have the loan are re-issued. Your conveyancer should be on the lenders panel to avoid added charges and complications. So that should be your first question of the new solicitors. Our search tool can assist you in finding a lender approved conveyancer for your home move in Narborough

Last August I purchased a leasehold property in Narborough. Do I have any liability for service charges relating to a period prior to my ownership?

In a situation 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. It is an essential part 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).

Narborough Leasehold Conveyancing - Sample of Queries Prior to Purchasing

Are there any major works anticipated that will add a premium to the service fees? Is there a share of the freehold? If a Narborough lease has less than 80 years it will impact the marketability of the flat. It is worth checking with your mortgage company that they are willing to to proceed given the lease term. A short lease means that you will almost definitely need a lease extension sooner rather than later and it is worth discovering what this will be. Remember, in most cases you would be required to have owned the property for a couple of years before you are eligible to extend the lease.