After what seems like an age a loan agreement from HSBC for the refinancing of my 4 bedroom maisonette is coming imminently. Can you propose a low cost conveyancing law firm in Shepshed?
You are on the wrong site if you are seeking cut-price fees for conveyancing in Shepshed. We can offer you value for money conveyancing but we do not work with the cheapest lawyers. Do not be fooled by organisations teasing you with £100 conveyancing in Shepshed. Optimistically, in choosing a lawyer for cheap conveyancing, you will get your money’s worth and at worst you will end up paying a lot in additional fees and still not receive the service expected.
My conveyancer has discovered a defect with the lease for the apartment we are buying in Shepshed. The seller’s lawyers have put forward title insurance as a solution. We are content with insurance and will pay for it. Our conveyancing practitioner has advised that he must ensure that the bank is willing to move forward with this solution. Are we the client or is the lender?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the mortgage company are the client. Your property lawyer must comply with the UK Finance Lenders’ Handbook provisions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your solicitor will have no choice but to discontinue acting for you.
At what point does exchange of contracts happen for purchase conveyancing in Shepshed and am I required to be at the conveyancers branch?
If you are in close proximity to one of the conveyancing solicitors in Shepshed you are invited in to sign documents. However, the lender approved solicitors we work with provide a national conveyancing service and give as equally comprehensive and professional a job for you when communicating with you digitally. The signing of the purchase agreement is not the point of no return. A signed contract is necessary for the solicitor to address the formalities when the time is right, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Shepshed)to be in the office at the appropriate time.
I own a terraced Edwardian property in Shepshed. Conveyancing solicitor represented me and Birmingham Midshires. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold with the exact same property. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Shepshed and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with the conveyancing practitioner who carried out the work.
Due to the input of my in-laws I had a survey completed on a property in Shepshed in advance of instructing conveyancers. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some banks tend not grant a mortgage on this type of premises.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Birmingham Midshires. If you e-mail us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Shepshed. Conveyancing will be smoother if you use a solicitor in Shepshed especially if they are familiar with such properties in Shepshed.
How do I use the search facility to locate a conveyancing lawyer in Shepshed on the authorised to act for my lender?
Step one is to pick a mortgage company such as Halifax, Coventry Building Society or Britannia then choose your preferred area for example Shepshed. Conveyancing organisations in Shepshed and beyond will then be identified.