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Find a Shepshed Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Shepshed

Recently been in touch with my conveyancing solicitor in Shepshed who acted for me 18 months ago asking for a conveyancing costs illustration based on an identical type of house sale & purchase (a leasehold residence and a freehold premises) of similar values with a loan from HSBC Bank. I am now being charged double. Stick with what I know or do I try and find a cheaper online firm of conveyancing solicitor?

The estimate does seem a little overpriced. If you you were to look around you could trim some of the expense by as much as £125. On the other hand, if you were satisfied with the assistance the firm offered you couldlive to regret opting for an a cheaper conveyancer. Don't forget to ensure the conveyancer can represent HSBC Bank. Do make use of our search tool to choose a Shepshed conveyancing firm on the HSBC Bank approved list of lawyers, which can often include conveyancing solicitors in Shepshed.

My partner and I are refinancing our flat in Shepshed with Clydesdale. We have a son 19 who lives at home. Our solicitor requested us to identify any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is repossessed. I have a couple of concerns (1) Is this form unique to the Clydesdale conveyancing panel as he never had to sign this form when we remortgaged 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?

On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Clydesdale. This is solely used to protect Clydesdale if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Clydesdale had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

Why do I have to pay up front for conveyancing in Shepshed?

If you are buying a property in Shepshed your lawyer will request that you to provide them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. If any deposit is as part of the sale price then this should be asked for shortly in advance of exchange of contracts. Any further balance that is needed should be transferred shortly before completion.

Will our solicitor be raising questions regarding flooding during the conveyancing in Shepshed.

The risk of flooding is if increasing concern for conveyancers dealing with homes in Shepshed. There are those who acquire a house in Shepshed, completely expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or dispose of the premises. Steps can be carried out during the course of a house purchase to forewarn the purchaser.

Conveyancers are not qualified to give advice on flood risk, but there are a numerous searches that can be carried out by the purchaser or on a buyer’s behalf which can give them a better understanding of the risks in Shepshed. The conventional set of property information forms supplied to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual question of the owner to discover if the property has suffered from flooding. In the event that flooding has previously occurred and is not revealed by the vendor, then a purchaser may bring a claim for damages stemming from an misleading response. The buyer’s lawyers may also conduct an environmental search. This will disclose whether there is a recorded flood risk. If so, more detailed investigations should be carried out.

Living abroad I am unable to attend my Shepshed conveyancing lawyers office to execute documents for conveyancing in Shepshed – will this be problematic?

No. Shepshed conveyancing solicitors can conduct conveyancing transactions for clients throughout the rest of the country. It is not necessary for you to be able to be present a Shepshed conveyancers office. Almost all solicitor can deal with everything using post, email, telephone and fax.

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