There a several benefits to staying informed if you are moving home in Market Bosworth. Your Property Lawyer will use their working associations with the local authority and other bodies to deliver better results and furthermore, any areas of particular consideration when buying or selling in Market Bosworth will also be examined in detail.

Official Searches in Market Bosworth

If your are looking to buy a property in Market Bosworth your solicitor is required to commission Local Authority Searches. The Local Authority for Market Bosworth is Hinckley and Bosworth Borough Council, Council Offices, Argents Mead, Hinckley, Leicestershire, LE10 1BZ. Tel: 01455 238 141

Qualifying for stamp duty relief in Market Bosworth

Around 2,000 wards nationwide are eligible for stamp duty relief. Local government wards or electoral divisions are used to define the boundaries of these. No stamp duty is due for houses bought in a Market Bosworth disadvantaged area under the £150k threshold. If it is thought that a property is in a disadvantaged area, but an online search does not confirm this, it may be necessary to make further enquiries with the local council. A postcode search will usually determine whether a home being sold for less than the threshold is eligible.

The consequences of your solicitor not being on your Mortgage Lender's panel

Many lenders, and particularly nationwide banks, were once willing to instruct any Market Bosworth solicitors who requested to be added to their panel. Lenders have also reduced the size of their panels, setting more restrictive criteria for membership. In order to proceed where your lawyer is not on a mortgage lender' s panel, you have the following options:

• 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.