Do the conveyancing lawyers via your comparison service perform conveyancing in Shrewsbury by way of an attended exchange?

There are a few conveyancing experts carrying out one day exchanges. Please call us to obtain a fee calculation and details as to dates.

Do I need to pop into the offices of the solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Shrewsbury so that I can attend their offices if required.

Most approved lawyers for lenders undertake the vast majority of work through the post, internet or over the phone. This means that they can undertake the legal work for your home move no matter where you live in England or Wales. That being said you can see if you have the option of visiting the offices of your conveyancing lawyer if you prefer.

I am buying a new build house in Shrewsbury with a mortgage from Bank of Scotland. The builders refused to budge the amount so I negotiated 6k of fixtures and fittings instead. The property agent suggested that I not disclose to my solicitor about the side-deal as it would jeopardize my mortgage with Bank of Scotland. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer 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.

I have been on the look out for a ground for flat up to £195,000 and identified one round the corner in Shrewsbury I like with amenity areas and transport links in the vicinity, the downside is that it's only got 51 years on the lease. I can't really find anything else in Shrewsbury for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?

If you require a home loan that many years will be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.

I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a great figure which is making it all the more appealing. I have subsequently discovered that it's a leasehold rather than freehold. I would have thought that there are particular concerns purchasing a house with a leasehold title in Shrewsbury. Conveyancing advisers have not yet been instructed. Will they explain the issues?

The majority of houses in Shrewsbury are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can assist with the conveyancing process. We note that you are buying in Shrewsbury so you should seriously consider looking for a Shrewsbury conveyancing solicitor and be sure that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a lessee you will not be entirely free to do whatever you want to the property. The lease comes with conditions for example obtaining the freeholder’sconsent to conduct changes to the property. You may also be required to pay a contribution towards the upkeep of the estate where the property is part of an estate. Your solicitor should advise you fully on all the issues.

I acquired a 1st floor flat in Shrewsbury, conveyancing having been completed June 2010. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Shrewsbury with over 90 years remaining are worth £201,000. The average or mid-range amount of ground rent is £45 yearly. The lease comes to an end on 21st October 2089

With just 64 years unexpired the likely cost is going to be between £14,300 and £16,400 as well as costs.

The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.