My partner and I are buying a new build apartment in Market Bosworth and my conveyancer is advising me that she has to the lender to disclose incentives from the developer. I am nearing the developer’s deadline to exchange contracts and my preference is not to delay matters. is my lawyer playing by the book?

You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.

Forgive me if this question is silly but I am new to the home buying as a first time purchaser of a ground floor flat in Market Bosworth. Do I receive the keys to the premises on the completion date from my solicitor? If so, I will appoint a High Street conveyancing solicitor in Market Bosworth?

On the day of completion you will not be required to go to the conveyancers office in Market Bosworth. Your solicitors will transfer the completion advance to the seller's lawyers, and shortly after the monies have arrived, you will be called to receive the keys from the selling Agents and start moving into the property. This tends to happen between 1 and 3pm.

My aunt informed me that in buying a property in Market Bosworth there may be various restrictions affecting the ability to carry out external changes to the property. Is this right?

We are aware of anumerous of properties in Market Bosworth which have some sort of restriction or requirement of consent to external alterations. Part of the conveyancing in Market Bosworth should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

We are purchasing a 4 bedroom semi-detached house in Market Bosworth. The intention is to carry out a loft conversion at the house.Will legal work on the property involve checks to ascertain if these alterations are permitted?

Your property lawyer should check the registered title as conveyancing in Market Bosworth can sometimes identify restrictions in the title deeds which prohibit certain works or necessitated the permission of a 3rd party. Some additions call for local authority planning permissions and approval under the building regulations. Certain areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these things with a surveyor before you commit yourself to a purchase.

I am planning on selling our property in Market Bosworth and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. Any high street Market Bosworth conveyancer would know this is not the case. For the life of me I don't know why the buyers used a web based conveyancing outfit rather than a conveyancing solicitor in Market Bosworth. Having lived in Market Bosworth for three years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to get confirmation that there is no issue.

It sounds as though you may have a conveyancing solicitor already. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)

About to purchase a new build apartment in Market Bosworth. Conveyancing is a frightening process 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 legal work.

Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Market Bosworth

Forfeiture - bankruptcy or liquidation must not apply under this provision. Please confirm the Lease plans are surveyor prepared. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? 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.

I have just appointed agents to market my garden flat in Market Bosworth. Conveyancing is yet to be initiated, but I have just had a yearly service charge invoice – what should I do?

Your conveyancing lawyer is likely to suggest that you should pay the service charge as usual given that all ground rent and maintenance invoices should be allotted on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.

I own a 1 bedroom flat in Market Bosworth, conveyancing having been completed 5 years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Market Bosworth with an extended lease are worth £265,000. The ground rent is £50 invoiced annually. The lease comes to an end on 21st October 2101

With just 75 years remaining on your lease we estimate the premium for your lease extension to be between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.