Find a Lender-Approved Local Conveyancer in Market Harborough

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Cheap conveyancing in Market Harborough does not necessarily mean low quality - but the odds are stacked against you

Market Harborough Conveyancing Statistics*

  • 1 Average time from start to completion was 117 days for conveyancing in Market Harborough
  • 2 88% freehold and 12% leasehold conveyancing in Market Harborough for this year to date
  • 3 Percentage of cases in Market Harborough that are buy to let is 6%
  • 4 5 is the median number of years remaining on leases in Market Harborough
  • 5 Average time frame of 87 days for registration of title in Market Harborough

Examples of recent conveyancing in Market Harborough since January 2024*

Recently asked questions about conveyancing in Market Harborough

My wife and I are planning to acquire a home in Market Harborough and are in fact using a Market Harborough conveyancing firm. Within the past 48 hours our solicitor has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Coventry Building Society have this evening contacted us to advise us that they have now hit a problem as our Market Harborough lawyer is not on their approved list of lawyers. What do we do from here?

When purchasing a property with mortgage finance it is conventional for the purchasers' lawyers to also act for the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyer should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the bank's conveyancing panel and you may continue to use your own Market Harborough solicitors, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the mix.

My nephew is in the process of securing a newly built flat in Market Harborough with a mortgage from Leeds Building Society. His conveyancer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?

The form is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Leeds Building Society conveyancing panel as a standard part of the process, and to the valuer when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Leeds Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

We are purchasing a terrace house in Market Harborough. We would like to carry out a loft conversion at the property.Will the conveyancing process involve enquiries to see if these works are permitted?

Your conveyancer should check the registered title as conveyancing in Market Harborough can occasionally identify restrictions in the title documents which restrict categories of changes or require the permission of another owner. Some extensions call for local authority planning consent and approval in accordance building regulations. Some locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be wise to check these things with a surveyor prior to committing yourself to a purchase.

When it comes to mortgage companies such as Yorkshire BS, do Market Harborough conveyancers face a fee to be on the list of approved solicitors?

We are unaware 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.

Having digested plenty of mortgage guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Market Harborough solicitor - who is on the Principality conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?

Principality will need an independent valuation of the property. Your lawyer will not arrange this. Usually Principality will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your solicitor will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Market Harborough postcode. As you are getting a mortgage with Principality, you could contact them to see if they have a list of approved surveyors in Market Harborough.

How does conveyancing in Market Harborough differ for new build properties?

Most buyers of new build premises in Market Harborough contact us having been asked by the seller to exchange contracts and commit to the purchase even before the house is ready to move into. This is because house builders in Market Harborough typically buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Market Harborough or who has acted in the same development.

Due to the encouragement of my in-laws I had a survey completed on a house in Market Harborough prior to appointing lawyers. I have been advised that there is a flying freehold aspect to the house. My surveyor advised that some lenders will not grant a mortgage on this type of property.

It varies from the lender to lender. Santander has different instructions from Nationwide. If you e-mail us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Market Harborough. Conveyancing will be smoother if you use a solicitor in Market Harborough especially if they regularly deal with such properties in Market Harborough.

I'm remortgaging my primary home to a buy to let mortgage with The Royal Bank of Scotland and I will use the rest of the raised equity as a deposit on further property. The neighborhood we are talking about is Market Harborough. Will your lawyers be able to act for both sets of mortgage companies and tie in the conveyances?

Make use of our comparison tool on this site to check that the lawyers are approved by both banks. On the basis that they are the conveyancer should be able to tie up the two transactions but you should have a chat with you solicitor and make apparent your desired outcome and requirements.

Last updated

Sample of conveyancing solicitors in Market Harborough regulated by the SRA

It is important to note that the listed firms do not limit their work for conveyancing in Market Harborough but also conveyancing throughout England and Wales.

  • Brown & Company, 4a Church Street, Market Harborough, Leicestershire, LE16 7AA
  • Wartnaby Hefford, 44 High Street, Market Harborough, Leicestershire, LE16 7AH
  • Keith Harvey And Company, 43 High Street, Market Harborough, Leicestershire, LE16 7AQ
  • Summerfield Browne Limited, Harborough Innovation Centre, Airfield Business Park, Leicester Road, Market Harborough, Leicestershire, LE16 7WB
  • David Madams Solicitor, Bank Cottage, 4 Barlows Lane, Wilbarston, Market Harborough, Leicestershire, LE16 8QB

Residential Landlord and Tenant Conveyancing solicitors in Market Harborough

The list below is a small selection of solicitors in Market Harborough specialising in landlord and tenant law and on the regulations governing different types of tenancies. This should include advice on Court proceedings for possession

  • Brown & Company, 4a Church Street, Market Harborough, Leicestershire, LE16 7AA
  • Wartnaby Hefford, 44 High Street, Market Harborough, Leicestershire, LE16 7AH
  • Keith Harvey And Company, 43 High Street, Market Harborough, Leicestershire, LE16 7AQ
  • Summerfield Browne Limited, Harborough Innovation Centre, Airfield Business Park, Leicester Road, Market Harborough, Leicestershire, LE16 7WB

Domestic Licensed Conveyancers in Market Harborough regulated by the CLC

Please note that the listed conveyancers do not limit their work for conveyancing in Market Harborough but also conveyancing throughout England and Wales.
  • Js Law Limited, Venari House, LE16 7XY

Neighboring Locations

Oadby
Kibworth Beauchamp
Billesdon
Market Harborough
Desborough
West Haddon
Brixworth
Mawsley

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.