I can't travel far from Shepshed. Please spell out why all Shepshed conveyancers are not on all mortgage company panels?
Before the recession most banks displayed an approach to risk which is different than today. The FSA in 2010 carried out a thematic review into fraud which in summary warned lenders: know the conveyancers on your panel. Consequently, lenders have since requiredmore information from law firms about their operations and the individuals who work for them and set certain criteria such as completing a minimum volume of transactions. Many law practices have been removed from lender panels even though they had an exemplary track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms found it impossible meet the criteria of amount of transactions the lenders set.
Is it possible for conveyancing in Shepshed to be completed inside 3 weeks?
In the event that you are under a tight deadline for your conveyancing it is advisable to make sure that your solicitor is familiar with the area as they will benefit local connections and insight. It is possible that they would have transacted previoushomes in the same street. Therefore consider using a Shepshed conveyancing solicitor. Second, make sure that the lawyer is on the on the approved list for your mortgage company. It is said that nearly one in five of Shepshed conveyancing deals are held up or jeopardised after finding out that a buyer’s lawyer was not on their mortgage lender’s list of approved solicitors. In many cases this discovery resulted in the conveyancing being delayed by as much as 21 days. It is understood that this issue affects in the region of 100,000 home moves every year. Most Shepshed conveyancing practices can not represent certain lenders so do check as early as possible.
I purchased a freehold residence in Shepshed yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Shepshed and has limited impact for conveyancing in Shepshed but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Shepshed. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 13/11/2026, the requirements read as follows :
My stepmother informed me that in buying a property in Shepshed there could be various restrictions prohibiting external changes 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.
Is it the case that all Shepshed solicitor practices on the TSB conveyancing panel are governed by the Solicitors Regulatory Authority?
As solicitors, in order to be on the TSB approved list of solicitors they would need to be overseen by the Solicitors Regulatory Authority. The majority of mortgage companies do permit licenced conveyancers on their panel in which case such practice would be overseen by the CLC.
I have decided to exercise my right to buy my property in Shepshed off the council. I have a mortgage offer with Co-operative. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Co-operative, you will need to appoint a solicitor on the Co-operative conveyancing panel.
I have been told that property searches are the main reason for stalling in Shepshed house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances in the conveyancing process. Local searches are unlikely to be the root cause of delay in conveyancing in Shepshed.