My family lawyer has sent a quote for just over a thousand pound for freehold conveyancing in Shepshed. I am hoping to downsize from a purpose built detached home for £225,000. Are these conveyancing fees excessive? Is it above what I should be paying for conveyancing in Shepshed?
The quote is slightly on the expensive side. If you shop around you may be able to get the conveyancing a bit cheaper by say £100 plus VAT. That being said, you maycome to regret opting for an an untested solicitor. If is important to check that the firm can also act for your lender. You can use our comparison tool to locate a Shepshed conveyancing company on the lender’s conveyancing panel which can often include conveyancing solicitors in Shepshed.
About to place an offer on a leasehold property in Shepshed. The property agents assure me that it is the norm for flats in Shepshed to have less than 75 years remaining. I am getting a loan with Virgin. Is this going to be acceptable if the lease has 72 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 3/12/2025 the requirements read as follows :
This question may be naive but I am wet behind the ears as a 1st time purchaser of a garden flat in Shepshed. Do I pick up the keys to the house on the completion date from my solicitor? If so, I will instruct a local conveyancing solicitor in Shepshed?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the purchase money to the owner’s conveyancers, and shortly after the monies have arrived, you will be able to pick up the keys from the selling Agents and move into your new home. Usually this happens between 1 and 3pm.
A relative informed me that in buying a property in Shepshed there could be various restrictions prohibiting external alterations to a property. Is this right?
There are a number of properties in Shepshed which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Shepshed should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I had an offer accepted on a property in Shepshed on 10/10/2025, valuation was booked five days later, received a clean bill of health. Conveyancer appointed, so all that was missing was my mortgage offer. Having made daily calls to Leeds Building Society and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Leeds Building Society conveyancing panel. Can the lender hold off the offer?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Leeds Building Society to deal with your lawyer's application to be on the Leeds Building Society conveyancing panel. There's no guarantee that your solicitor will be accepted.
I'm refinancing my primary home to a buy to let loan with Barnsley Building Society and intend to use the remaining equity as a down payment on another house. The neighborhood we are looking at is Shepshed. Will your conveyancers be able to act for both sets of mortgage companies and link together the conveyances?
Do use our search tool on this page to be sure that the solicitors are approved by both mortgage companies. Assuming that they are your solicitor will be able to connect the two conveyancing matters but you should talk with you solicitor and make apparent your desired outcome and needs.
I work for a busy estate agent office in Shepshed where we have witnessed a number of leasehold sales jeopardised as a result of short leases. I have received conflicting advice from local Shepshed conveyancing firms. Can you shed some light as to whether the seller of a flat can commence the lease extension process for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I bought a 1st floor flat in Shepshed, conveyancing having been completed in 2003. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Shepshed with a long lease are worth £171,000. The average or mid-range amount of ground rent is £50 levied per year. The lease ceases on 21st October 2104
With 79 years remaining on your lease we estimate the price of your lease extension to be between £8,600 and £9,800 plus legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.
My partner and I are first time buyers just having agreed a price on a property in Shepshed, and are about to get solicitors lined up. I have made use of the numerous comparison tools and the quotes are from all across the country. Is it critical to have a Shepshed solicitor local to the potential house? I am willing to do everything over the web, but I assume at some point we may be required to physically go into the lawyer's office to sign contracts?
There is no need to attend the office of your lawyer, they can post any relevant papers to you, which you can sign and return. Many home movers prefer to instruct a locally based solicitor, but it is not essential for conveyancing in Shepshed.