Is it possible for conveyancing in Shefford to be finalised in less than 10 days?
First, If the seller is applying a tight deadline to sign contracts we would recommend that your conveyancer is familiar with the location as they will benefit local connections and insight. It is even conceivable that they would have handled previousproperties in the same road. Therefore consider using a Shefford conveyancing solicitor. Second, make sure that the lawyer is on the on the approved list for your mortgage company. It is believed that 18% of Shefford conveyancing transactions are held up or derailed after discovering a buyer’s solicitor was not on their mortgage lender’s panel. In many cases this discovery resulted in the transaction being frustrated by almost 21 days. It is claimed that this issue affects approximately one hundred thousand home moves annually. Many Shefford conveyancing practices can not act for certain lenders so do check at the outset.
Are the Shefford conveyancing solicitors identified as being on the Kent Reliance conveyancing panel, together with their details provided by Kent Reliance?
Shefford conveyancing firms themselves provide us confirmation that they are on the Kent Reliance conveyancing panel as opposed to being supplied with a list from Kent Reliance directly.
My brother-in-law has suggested I instruct a conveyancing solicitor in Shefford. I need to find out whether they are accepted on the Platform Home Loans Ltd approved list of lawyers. Can you advise?
You should contact your solicitor and ask them if they are on the lender panel. Otherwise please get in touch with Platform Home Loans Ltd who may be able to confirm.
I understand that there are debates on Chancel Insurance on online forums. Am I compelled to take this when buying a residence in Shefford? or I am told that there is historic law that means some house owners living in a parish church boundary may be liable to pay for maintenance towards the chancel in proximity to the church. Is this a legitimate concern for conveyancing in Shefford?
Unless a prior purchase of the house completed post 12 October 2013 you could expect solicitors handling conveyancing in Shefford to continue to suggest a chancel search and or chancel repair liability policy.
Due to the input of my in-laws I had a survey completed on a house in Shefford prior to instructing conveyancers. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some banks tend refuse to issue a mortgage on this type of premises.
It depends who your proposed lender is. Santander has different instructions from Birmingham Midshires. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Shefford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Shefford to see if the conveyancing costs will increase in light of this.
I am attracted to a two maisonettes in Shefford which have approximately 50 years left on the leases. Do I need to be concerned?
There are plenty of short leases in Shefford. The lease is a legal document that entitles you to use the premises for a period of time. As a lease shortens the saleability of the lease decreases and it becomes more costly to acquire a lease extension. For this reason it is advisable to extend the lease term. More often than not it is difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a difficult process. We advise that you get professional help from a solicitor and surveyor with experience in this field.
Shefford Leasehold Conveyancing - Examples of Questions you should consider before Purchasing
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Can you tell me if there are any major works on the horizon that will add a premium to the service costs? If a Shefford lease has fewer than 80 years it will have adverse implications on the marketability of the property. Check with your lender that they are content with residual term of the lease. Leases with fewer than 80 years remaining means that you will probably require a lease extension at some point and you need to have some idea of what this will be. For most Sheffordlease extensions you would be required to have owned the premises for two years in order to be entitled to extend the lease. This information is helpful as a) areas can cause problems for the building as the common areas may begin to deteriorate if services remain unpaid b) if the leaseholders have an issue with the managing agents you will want to have full disclosure