My house in Shepshed is up for sale and I have a purchaser. Does my conveyancer need to be required to be on the Clydesdale conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Clydesdale conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently currently.
My stepmother informed me that in purchasing a property in Shepshed there may be various restrictions preventing external changes to the property. Is this right?
There are a number of properties in Shepshed which have some sort of restriction or requirement of consent to external alterations. 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 am expecting a AIP from Virgin Money this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Virgin Money recommend any Shepshed solicitors on the Virgin Money conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Shepshed solicitors independently although you'll need to choose one on the Virgin Money conveyancing panel. The solicitor represents both you and Virgin Money through the process.
Santander have agreed my home loan in principle, my offer on a house in Shepshed has been agreed to, what happens next?
The estate agent will want to know who your solicitors are (be sure the property lawyers are on the bank’s panel). Telephone Santander or your financial adviser and finalise any relevant forms. Santander will appoint a valuer who will get in contact with the estate agent or owners to arrange a time for the valuation to happen. Once conducted (assuming no problems) it takes on average ten days to receive the mortgage offer. Santander will issue the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Shepshed.
I have been on the look out for a flat up to £245,000 and found one close by in Shepshed I like with a park and transport links nearby, the downside is that it only has 51 years unexpired on the lease. I can't really find anything else in Shepshed in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
What does commercial conveyancing in Shepshed cover?
Commercial conveyancing in Shepshed incorporates a wide range of services, given by qualified solicitors, relating to business property. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
My step-father has recommend that I appoint his conveyancing solicitors in Shepshed. Should I find my own conveyancer?
Much as we are happy to recommend a Shepshed conveyancing lawyer the best way to find a conveyancing practitioner is to have feedback from friends or family who have experience in using the firm that you are are thinking of instructing.
At long last our conveyancing in Shepshed completes next Friday, but the couple I am buying off wants to vacate 24 hours later at afternoon. Can I agree to this?
You can't complete on a Saturday because the bank systems are not operational.