Can the conveyancing lawyers identified via your search tool execute auction conveyancing in Shrewton?

We know of a number of auction lawyers we can connect you with those who can conduct auction conveyancing. Shrewton is just one of the many areas of where our lawyers are based.

Me and my brother own a terraced Victorian property in Shrewton. Conveyancing practitioner represented me and Birmingham Midshires. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold under the matching address. Is it worth asking Birmingham Midshires to clarify?

You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Shrewton and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with your conveyancing lawyer who conducted the purchase.

I've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what was supposed to be a quick, chain free conveyancing. Shrewton is the location of the property. What do you suggest?

Flying freeholds in Shrewton are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Shrewton you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Shrewton may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

I am looking at a couple of flats in Shrewton both have approximately fifty years unexpired on the lease term. Do I need to be concerned?

There are no two ways about it. A leasehold apartment in Shrewton is a wasting asset as a result of the shortening lease. The closer the lease gets to its expiry date, the more it reduces the salability of the property. For most purchasers and lenders, leases with less than 75 years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Shrewton conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

Leasehold Conveyancing in Shrewton - Examples of Questions you should consider before buying

The prefered form of lease arrangement is a share of the freehold. In this scenario the lessees have being in charge if their destiny and although a managing agent is often retained where the building is bigger than a house conversion, the managing agent employed by the leaseholders. Is the freehold owned jointly by the tenants? How much is the ground rent and service charge?

Developers have suggested I use a solicitor and I've sought an estimate from them. They are almost £300 cheaper than my preferred Shrewton conveyancer. What's the catch?

Housebuilders normally have panels of solicitors who are quick and who know the developer’s documentation and conveyancing practitioner. As many developers offer an incentive to choose their approved conveyancer for this reason, any increased charges can be avoided and a developer won't recommend a conveyancing warehouse and run the risk of having the transaction stall when they want exchange inside a month. The argument for not opting for the suggested property lawyer is that they may prove hesitant to 'push' your interests at the risk of upsetting the sellers. Where you have concerns that this may be the situation you should stick with your high street Shrewton property lawyer.