Souldinstructing a Shepshed conveyancing firm make the legal process smoother?
Shepshed is a unique place, where local knowledge is a significant benefit. The laid-back lifestyle is great – just not when it comes to your house move. The solicitors that we list providing vast Shepshed intelligence with a proactive, hands-onapproach that ensures the conveyancing to progress with the minimum of fuss. It will certainly help if they benefit from well established rapport with financial advisers, search providers, surveyors and counterpart Shepshed conveyancing practices
It is is a decade since I bought my property in Shepshed. Conveyancing lawyers have just been retained on the sale but I am unable to track down my deeds. Is this a problem?
Don’t worry too much. Firstly there is a possibility that the deeds will be with the lender or they could be in the possession of the lawyers who acted in your purchase. Secondly in most cases the title will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors obtaining up to date copy of the land registers. Nearly all conveyancing in Shepshed involves registered property but in the rare situation where your home is unregistered it adds to the complexity but is resolvable.
I happen to be the single beneficiary of my late father’s will with all property in now in my sole name, including the house in Shepshed. Conveyancing formalities meant that the Land Registry date was in June. I now wish to sell up. I do know about the CML six month 'rule', which means that my property ownership could be considered the same way as if I'd bought the house in June. Will no one buy the property for half a year?
The CML handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be impacted by that. many lenders would take a practical view as this requirement is principally there to capture subsales or the flipping of property.
Is it the case that all Shepshed CQS (Conveyancing Quality Scheme) solicitors are on the Kent Reliance conveyancing panel?
A selection of lenders now utilise CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their panels.
Is it the case that all Shepshed solicitors on the TSB conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the TSB approved list of solicitors they would need to be overseen by the SRA. The majority of banks do list licenced conveyancers on their panel and in such a situation the firms would be governed by the CLC.
I have been on the look out for a leasehold apartment up to £305k and found one close by in Shepshed I like with open areas and railway links nearby, however it only has 49 years on the lease. I can't really find anything else in Shepshed for this price, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a home loan the shortness of the lease may be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 2 years you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
At long last our conveyancing in Shepshed completes on Friday, but the sellers I am buying from wants to vacate the next day at afternoon. Should I accept this?
You can't complete on a Saturday due to the bank systems aren't working.