Do the conveyancing solicitors listed on your site handle right to buy conveyancing in Shropshire?

We work with a number of conveyancing lawyers carrying out right to buy conveyancing Please call the lawyers listed with a view to secure a conveyancing quote.

How does conveyancing in Shropshire differ for newly converted properties?

Most buyers of new build residence in Shropshire contact us having been asked by the builder to exchange contracts and commit to the purchase even before the property is completed. This is because house builders in Shropshire typically buy 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 property lawyers 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 Shropshire or who has acted in the same development.

I have been on the look out for a flat up to £245,000 and identified one close by in Shropshire I like with open areas and station nearby, however it's only got 52 remaining years left on the lease. I can't really find anything else in Shropshire suitable, so just wondered if I would be making a mistake acquiring a short lease?

If you need a mortgage that many years may be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you may 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 with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.

In my capacity as executor for the will of my grandfather I am selling a house in Monmouth but live in Shropshire. My solicitor (approximately 200 kilometers from merequires that I sign a statutory declaration prior to completion. Could you suggest a conveyancing lawyer in Shropshire who can attest this legal document for me?

strictly speaking you should not need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are located in Shropshire

What are the common deficiencies that you witness in leases for Shropshire properties?

Leasehold conveyancing in Shropshire is not unique. Most leases are unique and legal mistakes in the legal wording can result in certain sections are erroneous. The following missing provisions could result in a defective lease:

A provision for the recovery of money spent for the benefit of another party. Maintenance charge proportions which don’t add up to the correct percentage

A defective lease can cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Birmingham Midshires, Chelsea Building Society, and Barclays Direct all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to provide security, forcing the purchaser to withdraw.

I acquired a garden flat in Shropshire, conveyancing having been completed in 2008. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Shropshire with an extended lease are worth £222,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease runs out on 21st October 2095

With only 71 years remaining on your lease we estimate the premium for your lease extension to range between £9,500 and £11,000 as well as professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.