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Ready to buy a new home in Shefford? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Shefford transaction at risk of delay or failure.

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Recently asked questions about conveyancing in Shefford

What tips do you have for sourcing value for money conveyancing in Shefford?

First ask relatives whom they would instruct.

Option 2 is to look on the web for conveyancing in Shefford. Call a couple or more firms from the list and request that they forward you their conveyancing estimate and speak to the lawyer who will conduct your legal process beforemaking your choice.

Third is to make use of this site to assist you in finding the right solicitors for you based on your unique requirements including the type of property,speed, complications and who the proposed lender is. Don't take the bait of £99 conveyancing in Shefford

My colleague recommended that where I am buying in Shefford I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

A search of this type is usually quoted for as part of the standard Shefford conveyancing searches. It is not a small report of about 40 pages, listing and setting out significant information about Shefford around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data regarding Shefford.

2 months have gone by following my purchase conveyancing in Shefford completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

Having checked my lease I have discovered that there are only 72 years unexpired on my flat in Shefford. I need to get lease extension but my freeholder is can not be found. What should I do?

If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. However, you will be required to demonstrate that you have used your best endeavours to locate the lessor. For most situations an enquiry agent may be helpful to conduct investigations and prepare an expert document to be accepted by the court as evidence that the landlord can not be located. It is wise to seek advice from a conveyancer both on devolving into the landlord’s disappearance and the vesting order request to the County Court overseeing Shefford.

I inherited a ground floor flat in Shefford, conveyancing was carried out half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Shefford with an extended lease are worth £216,000. The average or mid-range amount of ground rent is £50 levied per year. The lease ceases on 21st October 2093

With only 69 years unexpired the likely cost is going to be between £9,500 and £11,000 as well as costs.

The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.

I own a leasehold flat in Shefford. Conveyancing was finalised in 21012. I have read on a number of advice forums that I mustn’t allow the lease length get too low. What is the reasoning?

Shefford leasehold properties are for a prescribed period - usually ninety nine years when they started. However many flats in Shefford were constructed or converted in the 60’s and so these leases now have fewer than 80 years left to run. This may seem like a long time but Banks, Building Societies and other mortgage companies tend to require leases to have at least seventy five years unexpired to be mortgageable. This means that when you come to sell the property you will need to extend the term of your lease if you are nearing seventy five years. To maximise the marketability of your property you should be considering whether or not to extend your lease long before you come to sell it. Please note that there are advantages to taking action before the lease reaches even eighty years as when the lease falls below eighty years the premium to be paid to extend starts to escalate.

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Neighbouring Locations

Biggleswade
Shefford
Arlesey
Henlow
Langford
Shillington

Find out more about how flying freehold can affect your the value of a property.