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Conveyancing in Sileby : Keep it Local

Reasons to use our Sileby conveyancing solicitors

  • 1 Property lawyer conveyancing lawyers have very good personal links with Sileby selling agents and work very closely with them and local surveyors so as to ensure transactions proceed expeditiously.
  • 2 Low cost packages from online conveyancers might seem attractive. However, these organisations are often based hundreds of kilometers away with limited appreciation of the factors that impact property transactions in Sileby
  • 3 Retaining the services of a a family Solicitor in the main results in a more personal touch. Online forums often suggest that in using a large conveyancing firm, you tend to be looked after by a team of people who check what is happening on the file by determining whether the ‘computers says no’.
  • 4 Firms that specialise in conveyancing in Sileby regularly deal withlocal concerns peculiar to Sileby and therefore you may benefit from better advice and expeditious conveyancing.
  • 5 Sileby property lawyer are the key to a successful Sileby conveyancing experience, keeping the process under control. They are on your side throughout, offering dedicated advice for the duration of your transaction

Examples of recent conveyancing in Sileby since March 2024*

Recently asked questions about conveyancing in Sileby

Due to move into my new home in Sileby next Tuesday. My conveyancing practitioner now wants me to supply her with evidence of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the mortgage company. What does the insurance need to cover?

Any lawyer on acting for banks would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 instructions. These requirements are not specific to conveyancing in Sileby.

Do the Building Society Association intend to launch a search tool with a view to list firms on the Norwich and Peterborough Building Society conveyancing panel for instance in Sileby?

We would not expect to be advised of any plans on the part of the BSA to promote such a tool.

I am buying a detached bungalow in Sileby. We would like to convert the garage to an office at the property.Will the conveyancing process involve enquiries to determine if these alterations are permitted?

Your conveyancer should check the registered title as conveyancing in Sileby can occasionally reveal restrictions in the title deeds which prevent categories of alterations or necessitated the consent of a 3rd party. Many extensions require local authority planning permissions and approval under the building regulations. Certain areas are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these things with a surveyor prior to committing yourself to a purchase.

I am being advised by my conveyancer that lack of right of way insurance is needed on my purchase. What is the level of cover for Sileby conveyancing?

The right level of lack of right of way indemnity insurance depends on who your lender is. It would differ for example between Lloyds TSB Bank and Coventry Building Society. Conveyancing practitioners as opposed to members of the public take out such insurances.

I'm the only recipient of my late mum's estate with all property in now in my sole name, including the my former home in Sileby. The Sileby property was put into my name in May. I now wish to sell up. I do know about the CML six month 'rule', which means that my proprietorship will be considered the same way as though I had purchased the property in May. Do I have to wait half a year to sell?

The CML handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be impacted by that. Some banks would take a sensible view as this provision is chiefly there to identify subsales or the flipping of property.

How does conveyancing in Sileby differ for new build properties?

Most buyers of new build property in Sileby approach us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is completed. This is because builders in Sileby 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 used to new build conveyancing in Sileby or who has acted in the same development.

I am attracted to a two maisonettes in Sileby which have in the region of fifty years remaining on the leases. Will this present a problem?

There is no doubt about it. A leasehold flat in Sileby is a deteriorating asset as a result of the shortening lease. The nearer the lease gets to its expiry date, the more it reduces the marketability of the property. For most buyers and mortgage companies, leases with under 75 years become less and less marketable. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises 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 premises 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 Sileby conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend 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 the agreed 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 Sileby - Examples of Questions you should ask before Purchasing

    It is important to be aware if window replacement or some other significant cost is due in the near future to be shared between the tenants and could well dramatically impact the level of the service fees or result in a one off payment. Who manages the building?

There are a number of properties in Sileby on private roads. My wife and I are purchasing one such property. Are there any advantages to buying a house on a privately owned road?

Sileby conveyancing lawyers will be well versed in conveyancing propertieson private. The solicitor should investigate title to identify any rights or liabilities. It is possible that there is a residents association that owners pay into for the upkeep of the road. Where one exists, the road should be maintained and appear better than publicly owned.

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Sample of conveyancing solicitors in Sileby regulated by the SRA

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

  • Websters Solicitors Limited, Bridle House, Nursery Lane, Quorn, Loughborough, Leicestershire, LE12 8BH
  • Richard Knight & Co, 1331 Melton Road, Syston, Leicester, Leicestershire, LE7 2EP
  • Peter Astill & Co, 7 Hannah Parade, Stonehill Avenue, Birstall, Leicester, Leicestershire, LE4 4JE
  • Focus Solicitors Limited, 5 Brook Park, Gaddesby Lane, Rearsby, Leicestershire, LE7 4ZB
  • Edward Hands & Lewis Limited, The Old School Rooms, 346 Loughborough Road, Leicester, Leicestershire, LE4 5PJ

Commercial Conveyancing solicitors in Sileby regulated by the SRA

The list below is a non-comprehensive list of solicitors in Sileby practicing in commercial conveyancing in Sileby. This could include advice on granting a lease to a commercial tenant
  • Websters Solicitors Limited, Bridle House, Nursery Lane, Quorn, Loughborough, Leicestershire, LE12 8BH
  • Richard Knight & Co, 1331 Melton Road, Syston, Leicester, Leicestershire, LE7 2EP
  • Focus Solicitors Limited, 5 Brook Park, Gaddesby Lane, Rearsby, Leicestershire, LE7 4ZB
  • Edward Hands & Lewis Limited, The Old School Rooms, 346 Loughborough Road, Leicester, Leicestershire, LE4 5PJ
  • Moss Solicitors Llp, 80-81 Woodgate, Loughborough, Leicestershire, LE11 2XE

Residential Licensed Conveyancers in Sileby regulated by the Council of Licensed Conveyancers

Please be aware that the listed conveyancers do not limit their work for conveyancing in Sileby but also conveyancing across England and Wales.
  • Heather Philip Licensed Conveyancing, 1311E Melton Road, Braemar Court, LE7 2EN
  • Iy (leicester) Limited, 8 Uppingham Road, LE5 0QD

*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.