Whether you are buying or selling, awareness of local considerations will positive impact the likelihood of a successful sale or purchase. Our Conveyancing specialists in Kingsthorpe have close working associations with a broad range of local information sources. Issues frequently arising in the region are also taken into consideration, thanks to this local expertise.

What are the consequences if your solicitor is not on your Lender's panel?

Panels of solicitors are maintained by mortgage lenders in order to undertake legal work on mortgaged properties. More recently, lenders have begun to remove firms which have either not completed many conveyancing transactions or have failed to meet other criteria. If your lender does not accept your chosen solicitor, you must make a decision as to how to proceed:

• Try to obtain a mortgage from another lender who will instruct your Conveyancing solicitor.
• Instruct another firm of Conveyancing solicitors who are on your lender's panel to handle your Conveyancing.
• Continue with your present Conveyancing solicitor, but accept that a separate firm will also act for the lender, and that you will have to pay their costs in addition.

It is usually cheaper to have the same firm act both for you and your lender, and carry out all the conveyancing work in connection with a purchase and the mortgage.

Disadvantaged Areas in Kingsthorpe

Disadvantaged areas relief may be available for property bought in around 2,000 locations across the country, using local government wards to delineate boundaries. Disadvantaged areas may not precisely match postcode areas, so a postcode search will be insufficient to ensure relief may be available. It may be necessary to make further enquiries with the local council, if initial searches fail to identify whether a residence lies in a disadvantaged area. That said, for any purchase below £150,000, it is worth making a simple postcode search to find out if a property is in a Disadvantaged area. Note that homes built very recently may also fail to show up on a search, even if they are technically eligible.

Conveyancing Searches

If your are purchasing a home in Kingsthorpe your conveyancer has to apply to the council for Official Local Authority Searches. The Local Authority for Kingsthorpe is Northampton Borough Council, The Guildhall, St Giles Square, Northampton, Northamptonshire, NN1 1DE. Tel: 01604 837 837 or out of hours emergencies on: 01452 396 220