Please help. My Shepshed lawyer is advising me that he has toorder Shepshed conveyancing searches asthe firm are on the Santandersolicitor panel. These Shepshed searches cost a lot of money can this be avoided?

Unfortunately both you and your lawyer have little choice here. As you are taking a mortgage with a mortgage company your has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to follow the Council of Mortgage Lenders’ Handbook conditions . Even if you were a cash buyer you would be ill advised not to carry out Shepshed conveyancing searches.

Just had an offer accepted on a new build apartment in Shepshed. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Shepshed

Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please supply a car parking plan. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?

Due to the guidance of my in-laws I had a survey completed on a house in Shepshed prior to instructing conveyancers. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies tend refuse to grant a loan on this type of house.

It varies from the lender to lender. HSBC has different instructions for example to Birmingham Midshires. Should you wish to call us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Shepshed. Conveyancing may be slightly more expensive based on your lender's requirements.

Am I better off to use a Shepshed conveyancing solicitor in close proximity to the house I am purchasing? An old friend can handle the legal work but her office is 300miles away.

The benefit of a local Shepshed conveyancing practice is that you can visit the firm to execute documents, present your identification documents and apply pressure on them if necessary. Having local Shepshed know how is a bonus. That being said it's more important to get someone that will do a good and efficient job. If other friends have instructed your friend and they were happy that must surpass using an unknown Shepshed conveyancing solicitor just because they are local.

Shepshed Leasehold Conveyancing - Examples of Questions you should ask Prior to Purchasing

On the whole the outlay for major works are not wrapped into the service charges, albeit that there some managing agents in Shepshed ask leaseholders to pay into a sinking fund and this is used to offset against major works. Many Shepshed leasehold apartments will be liable to pay a service charge for maintenance of the block set on behalf of the landlord. Should you buy the property you will have to pay this charge, usually periodically accross the year. This can be anything from two or three hundred pounds to thousands of pounds for buildings with lifts and large communal areas. In all likelihood there will be a ground rent to be met annual, this is usually not a significant amount, say about £25-£75 but you need to check it because on occasion it can be many hundreds of pounds. You should be aware that where the lease has fewer than 80 years it will have adverse implications on the marketability of the flat. It is worth checking with your bank that they are happy with remaining years on the lease. Leases with less than 80 years remaining means that you will most likely have to extend the lease sooner rather than later and it is worth discovering how much this would cost. For most Shepshedlease extensions you would be be obliged to have been the owner of the residence for 24 months before you are eligible to carry out a lease extension.