I can't travel far from Shepshed. Is there a reason why all Shepshed conveyancing practitioners aren't automatically on all bank panels?
Before the recession most mortgage companies demonstrated an approach to risk which is different from today. The Financial Services Authority in 2010 carried out a thematic review into mortgage fraud which in summary warned lenders: know the conveyancing practitioners on your panel. As a result, mortgage companies have subsequently soughtmore information from law firms regarding their processes and the staff employed by them and set certain criteria such as completing a minimum number of transactions. Hundreds of firms have been excluded from lender panels even though they had an exemplary track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Many firms were never going to meet the minimum volume of transactions the lenders required.
I'm buying my first flat in Shepshed with a loan from Lloyds TSB Bank. The builders would not reduce the amount so I negotiated 6k of fixtures and fittings instead. The property agent told me not disclose to my solicitor about this deal as it will affect my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
What does commercial conveyancing in Shepshed cover?
Shepshed conveyancing for business premises covers a wide range of services, offered by qualified solicitors, relating to business premises. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
I have been sourcing a conveyancing lawyer in Shepshed for my home move. Is there any facility to review a firm’s complaints history with the profession’s regulator?
One may review presented Solicitor Regulator Association (SRA) decisions stemming from investigations commenced on or after 1 January 2008. Visit Check a solicitor's record. For details Pre 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, dial +44 (0)121 329 6800. The SRA could monitor call for training purposes.
I am hoping to put an offer on a small detached house that appears to be perfect, at a great price which is making it more attractive. I have just discovered that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns buying a house with a leasehold title in Shepshed. Conveyancing solicitors have are soon to be appointed. Will my lawyers set out the implications of buying a leasehold house in Shepshed ?
The majority of houses in Shepshed are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can assist with the conveyancing process. We note that you are purchasing in Shepshed so you should seriously consider shopping around for a Shepshed conveyancing practitioner and check that they are used to dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. As a lessee you will not be entirely free to do whatever you want to the property. The lease will likely included provisions for example requiring the landlord’sconsent to conduct changes to the property. You may also be required to pay a service charge towards the maintenance of the estate where the house is part of an estate. Your lawyer will report to you on the legal implications.
I inherited a split level flat in Shepshed, conveyancing was carried out half a dozen years ago. How much will my lease extension cost? Corresponding properties in Shepshed with a long lease are worth £179,000. The ground rent is £65 levied per year. The lease ends on 21st October 2076
You have 57 years remaining on your lease the likely cost is going to range between £26,600 and £30,800 plus costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.