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FACT : Shepshed Conveyancing Solicitors Know more about Conveyancing in Shepshed

Reasons to use our Shepshed conveyancing solicitors

  • 1 Shepshed property lawyers have a significant advantage when it comes to Shepshed conveyancing as they have important local knowledge of local authority requirements, planning policies and other issues that can impact your sale or purchase
  • 2 You can gain comfort when you choose the very best, most recommended conveyancing solicitors. Shepshed has a number to choose from, but for a truly professional and reliable service many local people have been use the recommendation of this site.
  • 3 Firms that specialise in conveyancing in Shepshed are familiar with the local issues specific to Shepshed and therefore you may benefit from better guidance and speedier conveyancing.
  • 4 Cut price packages from online conveyancers might be tempting. However, these firms are often located many miles away with limited appreciation of the factors that impact property transactions in Shepshed
  • 5 The Shepshed conveyancing practitioners that are identified are dedicated to providing value for money, efficient and transparent conveyancing service to borrowers, sellers and investors in Shepshed

Examples of recent conveyancing in Shepshed since August 2021*

Recently asked questions about conveyancing in Shepshed

When does exchange of contracts happen for domestic conveyancing in Shepshed and do I need to attend the conveyancers branch?

If you are local to one of the conveyancing solicitors in Shepshed you are welcome to come in to sign the paperwork. That being said, the law practices we work with provide a national conveyancing service and provide as equally comprehensive and professional a job for you when dealing with you by post or email. The signing of the contract is not when everything is set in stone. Signing on the dotted line is just a prerequisite for the firm to officially exchange when the time is right, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Shepshed)to be in the office available at the end of the phone to exchange contracts.

I have just over seventy years remaining on my lease and require a lease extension for my apartment in Shepshed. Conveyancing solicitors on the The Mortgage Works panel can deal with such extensions right?

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 24/11/2021 the requirements read as follows :

Minimum unexpired lease term is 70 years with 30 years remaining at the end of the mortgage term.
Where the unexpired lease term is different to that recorded on the mortgage offer, the following clarifies if we need to be informed:

Second hand property:
- If the unexpired lease term on the offer is 85 years or more - only advise us if the actual lease term is less than 85 years
- if the unexpired lease term on the offer is less than 85 years – advise us if the actual lease term is different than reported
- For equity share applications - advise us if the actual lease term is different than reported on the offer

New build property:
- If the unexpired lease term stated on the offer is 125 years (flat) / 250 years (house) or more - only advise us if the actual lease term is less than 125 years (flat) / 250 years (house)
- For equity share applications - always advise us if the actual lease term is different than reported on the offer

Lease terms such as ground rent and event fees must be reasonable at all times during the term of the lease and adhere to our requirements below. If you’re unsure as to whether the terms of a lease are unreasonable or onerous, please refer the details to us in plain English for Valuer consideration. If the potentially onerous terms are in relation to the ground rent please include the current ground rent figure per annum, how often it will be reviewed and the price structure it will be reviewed against. See the guidance below.

SECOND HAND PROPERTIES

Unacceptable - advise Originations (Will be declined):
- Unexpired lease term less than 70 years
- Less than 30 years remaining at the end of the mortgage term
- Ground Rent greater than 0.5% of the property value
- Ground Rent doubles less than every 20 years (e.g. doubles every 5, 10 or 15 years) - acceptable if doubles every 20 years or more
- Ground Rent is compounded RPI
- Ground Rent review period less than or equal to 5 years

Refer to Originations (Valuer will consider any impact on valuation figure and marketability):
- Unexpired lease term is 70 to 85 years
- Ground Rent greater than 0.1% and less than or equal to 0.5% of the property value
- Ground Rent escalation is linked to any indices greater than RPI
- Ground Rent escalation is linked to the value of the building*
- Ground Rent review period is greater than 5 and less than 10 years
- Event clauses exist for normal use e.g. changing the carpet, installing a TV aerial etc
- Estate Rent Charges greater than £500 p/a (please provide details of what the charges cover)
- Service Charges greater than 0.5% of property value p/a (please provide details of what the charges cover)
- Anything that appears onerous, unusual or out of the ordinary

Acceptable (no requirement to advise Originations):
- Unexpired lease term greater than 85 years
- Ground Rent less than or equal to 0.1% of the property value
- Ground Rent review period greater than or equal to 10 years
- Ground Rent escalation less than or equal to RPI

NEW BUILD PROPERTIES (includes office conversions)

Unacceptable - advise Originations (Will be declined):
- Unexpired lease term less than 125 years on a new build flat or less than 250 years on a new build house
- Starting Ground Rent greater than 0.1% of the property value
- Ground Rent review period less than or equal to 5 years
- Ground Rent doubles less than every 20 years (e.g. doubles every 5, 10 or 15 years) - acceptable if doubles every 20 years or more
- Ground Rent is compounded RPI

Refer to Originations (Valuer will consider any impact on valuation figure and marketability):
- Ground Rent is linked to any indices greater than RPI
- Ground Rent is linked to the value of the building*
- Event clauses exist for normal use e.g. changing the carpet, installing a TV aerial etc
- Estate Rent Charges greater than £500 p/a (please provide details of what the charges cover)
- Service Charges greater than 0.5% of property value p/a (please provide details of what the charges cover)
- Anything else appears onerous, unusual or out of the ordinary

Acceptable (no requirement to advise Originations):
- Unexpired lease term greater than or equal to 125 years on a new build flat or greater than or equal to 250 years on a new build house
- Starting Ground Rent less than or equal to 0.1% of the property value
- Ground Rent review period greater than 5 years
- Ground Rent escalation less than or equal to RPI

* Where the Ground Rent escalation is linked to the value of the building, please provide the following:
- How is the value of the block/unit currently calculated and if the assessment relates to the block(s), how is the Ground Rent calculated/apportioned per property?
- The current valuation and Ground Rent for each unit
- What is the mechanism for future valuations of the block and how is the Ground Rent calculated/apportioned?
- What is the right of appeal? And is this a documented process within the lease?
- Who bears the cost of the valuation (and appeal) process?
- Confirmation the review period is not less than twenty years

I am selling our property in Shepshed and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. Any local conveyancer would know that there is no such problem. It does beg the question why the buyers are using a national conveyancing practice rather than a conveyancing solicitor in Shepshed. We have lived in Shepshed for six years we know that this is a non issue. Should we get in touch with our local Authority to seek confirmation that the buyers are looking for.

It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)

I opted to have a survey completed on a property in Shepshed in advance of retaining solicitors. I have been told that there is a flying freehold aspect to the house. The surveyor has said that some lenders will refuse to give a mortgage on such a home.

It depends who your proposed lender is. HSBC has different instructions from Birmingham Midshires. Should you wish to telephone us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Shepshed. Conveyancing may be slightly more expensive based on your lender's requirements.

I am selling my house. My past lawyers closed down. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Shepshed if that makes things easier.

Do use our search tool to help you choose a solicitor for your conveyancing in Shepshed. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.

I need to retain a conveyancing solicitor for purchase conveyancing in Shepshed. I've land on a site which appears to be the perfect solution If it is possible to get all the legals completed via web that would be ideal. Do I need to be wary? What should out be looking out for?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

Last updated

Sample of conveyancing solicitors in Shepshed regulated by the SRA

It is important to note that the listed firms do not limit their work for conveyancing in Shepshed but also conveyancing throughout England and Wales.

  • Hawley & Rodgers, 19-23 Granby Street, Loughborough, Leicestershire, LE11 3DY
  • Straw & Pearce, 18 Rectory Place, Loughborough, Leicestershire, LE11 1UU
  • Julie K Brown Ltd, 18 Rectory Place, Loughborough, Leicestershire, LE11 1UU
  • David C Partridge Limited, 18 Rectory Place, Loughborough, Leicestershire, LE11 1UU
  • David T Leigh Limited, 18 Rectory Place, Loughborough, Leicestershire, LE11 1UU

Commercial Conveyancing solicitors in Shepshed regulated by the SRA

The firms listed below are a non-comprehensive list of solicitors in Shepshed practicing in commercial conveyancing in Shepshed. This may include advice on taking a commercial lease as a tenant
  • Hawley & Rodgers, 19-23 Granby Street, Loughborough, Leicestershire, LE11 3DY
  • Straw & Pearce, 18 Rectory Place, Loughborough, Leicestershire, LE11 1UU
  • David T Leigh Limited, 18 Rectory Place, Loughborough, Leicestershire, LE11 1UU
  • David C Partridge Limited, 18 Rectory Place, Loughborough, Leicestershire, LE11 1UU
  • Rosemary A Thomas Limited, 18 Rectory Place, Loughborough, Leicestershire, LE11 1UU

Transfer of Equity conveyancing in Shepshed is a complex business, both legally and administratively. The exact order of events varies slightly, below are some of the tasks in the process:

  • Obtaining instructions from the appropriate parties
  • Collating the documents evidencing the title to the property
  • Representing mortgage company (where appropriate)
  • Negotiating the terms of the transaction
  • Preparing the Transfer or approving the Transfer deed
  • Agreeing adjustments to the draft Transfer
  • Corresponding with parties with regards to the Transfer
  • Agreeing and preparing for completion
  • Receiving and transferring funds to the appropriate parties
  • Completing and submitting to HMRC the appropriate Land Tax forms and payment
  • Dealing with the registration procedures for the buyer and the home loan (if appropriate) at the Land Registry.

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.