Will my conveyancing lawyers need to check that the building insurance when buying a house in Market Deeping. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 3/1/2026, the requirements read as follows :
Should my lawyer be making enquiries regarding flooding as part of the conveyancing in Market Deeping.
Flooding is a growing risk for conveyancers dealing with homes in Market Deeping. Some people will acquire a house in Market Deeping, fully expectant that at some time, it may suffer from flooding. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the premises. Steps can be carried out during the course of a house purchase to forewarn the purchaser.
Solicitors are not best placed to give advice on flood risk, but there are a various checks that may be carried out by the buyer or by their conveyancers which can figure out the risks in Market Deeping. The conventional set of information supplied to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the seller to find out whether the property has suffered from flooding. In the event that flooding has previously occurred which is not notified by the seller, then a buyer could issue a claim for damages resulting from an inaccurate answer. A buyer’s solicitors will also order an enviro search. This will higlight if there is any known flood risk. If so, additional inquiries will need to be made.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a simple, no chain conveyancing. Market Deeping is the location of the property. Can you shed any light on this issue?
Flying freeholds in Market Deeping are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Market Deeping you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Market Deeping may decide 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 residence.
Should I go with a Market Deeping conveyancing solicitor based in the vicinity that I am purchasing? We have a good friend who can deal with the conveyancing but his firm is located approximately 350miles drive away.
The primary upside of using a local Market Deeping conveyancing practice is that you can attend the office to execute paperwork, hand in your ID and pester them where appropriate. Having local Market Deeping know how is a plus. However it's more important to get someone that will do a good and efficient job. If other friends have instructed your friend and they were content that should outweigh using an unknown Market Deeping conveyancing solicitor just because they are local.
Back In 2001, I bought a leasehold flat in Market Deeping. Conveyancing and Skipton Building Society mortgage went though with no issue. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1993. The conveyancing solicitor in Market Deeping who previously acted has now retired. What should I do?
The first thing you should do is contact HMLR to make sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. There is no need to instruct a Market Deeping conveyancing practitioner to do this as it can be done on-line for a few pound. You should note that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I am the registered owner of a 1st floor flat in Market Deeping, conveyancing formalities finalised in 2002. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Market Deeping with an extended lease are worth £165,000. The ground rent is £50 charged once a year. The lease expires on 21st October 2103
With 77 years unexpired the likely cost is going to be between £7,600 and £8,800 as well as legals.
The figure above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.
How up-to-date is your search tool for the mortgage company conveyancing panel in Market Deeping? Do the lenders send you an updated list?
Market Deeping law firm practices and firms conducting conveyancing in Market Deeping themselves provide us confirmation that they are on the mortgage company conveyancing panel as opposed to being supplied with a list from the lender directly.