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

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Recently asked questions about conveyancing in Shirebrook

Having sold my house in Shirebrook last April yet the purchaser is telephoning me to moan that his solicitor needs to hear from mysolicitor. What should my lawyer have done now that I have sold?

Following your house sale your conveyancer is obliged to send the transfer deeds and all additional paperwork to the purchaser's conveyancer. If applicable, your lawyer must also send confirmation that the legal charge in favour of the lender has been paid off to the purchasers conveyancers. There is unlikely to be post completion tasks peculiar conveyancing in Shirebrook.

How does conveyancing in Shirebrook differ for new build properties?

Most buyers of new build or newly converted property in Shirebrook come to us having been asked by the seller to sign contracts and commit to the purchase even before the premises is constructed. This is because developers in Shirebrook typically acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Shirebrook or who has acted in the same development.

Due to the guidance of my in-laws I had a survey completed on a house in Shirebrook ahead of appointing conveyancers. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some mortgage companies will not grant a loan on a flying freehold property.

It depends who your proposed lender is. Lloyds has different instructions from Nationwide. Should you wish to telephone us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Shirebrook. Conveyancing will be smoother if you use a solicitor in Shirebrook especially if they are accustomed to such properties in Shirebrook.

My husband and I are first time buyers - had an offer accepted, yet the selling agent informed us that the owners will only proceed if we appoint their chosen lawyers as they want an ‘expedited deal’. Our preferred option is to instruct a high street conveyancer used to conveyancing in Shirebrook

We suspect that the seller is not behind this demand. If they require ‘a quick sale', taking such a hostile approach to a genuine purchaser is going to damage their objectives. Speak to the vendors direct and explain that (a)you are motivated purchasers (b)you are excited to move forward, with finances arranged © you are chain free (d) you intend to proceed fast (e)but you will continue to use your own,trusted Shirebrook conveyancing lawyers - not the ones that will earn their negotiator at the agency a referral fee or achieve conveyancing targets demanded by corporate headquarters.

Our conveyancer has advised that he intends to complete and exchange simultaneously on our sale of a £225,000 maisonette in Shirebrook next week. The management company has quoted £360 for Landlord’s certificate, insurance certificate and 3 years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Shirebrook?

Shirebrook conveyancing on leasehold apartments more often than not requires the buyer’s lawyer sending enquiries for the landlord to address. Although the landlord is not legally bound to respond to such questions the majority will be content to do so. They are at liberty to charge a reasonable charge for responding to questions or supplying documentation. There is no set fee. The average fee for the information that you are referring to is £350, in some transactions it exceeds £800. The management information fee demanded by the landlord must be sent together with a summary of rights and obligations in respect of administration fees, otherwise the charge is technically not due. Reality however dictates that you have no option but to pay whatever is demanded if you want to exchange contracts with the buyer.

Shirebrook Leasehold Conveyancing - A selection of Questions you should ask Prior to buying

    This information is useful as a) areas could cause problems for the building as the communal areas may start to deteriorate where repairs remain unpaid b) if the leaseholders have an issue with the managing agents you will want to have complete disclosure How many of the leaseholders are in arrears for their service charge payments? It would be wise to find out as much as possible concerning the company managing the building as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you are often at the mercy of the managing agents from a financial perspective and when it comes to day to day matters such as the upkeep of the communal areas. Ask other people what they think of them. Finally, find out the dates that you are obliged pay the service charge to the relevant party and precisely how they are spending the funds.

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