Can you explain why leasehold purchase conveyancing in Shifnal is more expensive?
In summary, leasehold conveyancing in Shifnal and Shropshire usually requires extra due diligence compared to freehold conveyancing. This includes lease investigation, corresponding with the landlord concerning the service of required notices, procuring current service charge and management information, securing the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different proprietor have owned the lease since it was first entered into.
My property lawyer in Shifnal is not listed on the The Mortgage Works Approved Panel. Can I still use my prefered solicitor notwithstanding that they are not on the The Mortgage Works list of approved lawyers?
Your options are as follows:
- Complete the purchase with your preferred Shifnal solicitors but The Mortgage Works will need to use a lawyer on their list of acceptable firms. This will result in additional total legal charges and result in frustration.
- Find a new solicitor to act in the conveyancing, not forgetting to check they are The Mortgage Works approved.
- Try to convince your The Mortgage Works based solicitor to seek to join the The Mortgage Works panel
I am downsizing from our home in Shifnal and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. Any local conveyancer would know this is not the case. For the life of me I don't know why the purchasers are using a national conveyancing outfit as opposed to a conveyancing solicitor in Shifnal. We have lived in Shifnal for 4 years we know that this is a non issue. Do we get in touch with our local Authority to obtain confirmation that the buyers are looking for.
It would appear that you have a conveyancing firm currently acting for you. What do they say? You should 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 health insurance to cover that same illness)
Me and my brother purchased a terraced Georgian property in Shifnal. Conveyancing lawyer acted for me and National Westminster Bank. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold under the matching property. I'd like to know for sure, how can I find out??
You should review 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Shifnal and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with your conveyancing practitioner who conducted the purchase.
Do I need to be suspicious that estate agents that I am dealing with are recommending a web based conveyancing firm rather than a local Shifnal conveyancing company?
As is the case with lots of professional services, often recommendations from family and friends can be extremely useful or valuable. Yet there are numerous players in a conveyancing transaction; estate agents, mortgage brokers and banks may recommend solicitors to retain. On occasion the lawyers might be known to one of the organisations as experts in their field, but occasionally there may be a financial incentive behind the recommendation. You are at liberty to select your own lawyer. However, bear in mind that some mortgage providers operate an approved list of solicitors you have to use for the mortgage related work in your conveyancing.