At what point can the exchange of contracts occur in purchase conveyancing in Shepshed and am I required to be at the solicitors office?

If you are round the corner to one of the conveyancing solicitors in Shepshed you are welcome to come in to sign contracts. That being said, the lender approved solicitors we recommend offer countrywide coverage for conveyancing and provide just as diligent and professional a job for you when communicating with you digitally. The signing of the contract is not the important part. Signing on the dotted line is necessary for the conveyancer 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 in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Shepshed)to be in the office at the appropriate time.

I have been told that property searches are a common cause of obstruction in Shepshed conveyancing transactions. Is that correct?

The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not feature within the most frequent causes of hindrances in the conveyancing process. Local searches are not likely to feature in any delay in conveyancing in Shepshed.

Despite weeks of looking the Title Certificate and documents to my house can not be found. The solicitors who handled the conveyancing in Shepshed 4 years ago are no longer around. What are my next steps?

In today’s world there are duplicates made of almost everything, and your conveyancer should know exactly where to look for all the appropriate paperwork so you may purchase or sell your property without any difficulty. Where duplicates can’t be found, your lawyer can put in place insurance or indemnities protecting you against possible claims on your premises.

I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Shepshed is the location of the property. Can you offer any advice?

Flying freeholds in Shepshed are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Shepshed you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Shepshed may decide 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 residence.

My wife and I may need to sub-let our Shepshed 1st floor flat temporarily due to a new job. We used a Shepshed conveyancing firm in 2001 but they have since shut and we did not have the foresight to get any advice as to whether the lease prohibits the subletting of the flat. How do we find out?

Your lease dictates relations between the freeholder and you the leaseholder; in particular, it will set out if subletting is banned, or permitted but only subject to certain caveats. The rule is that if the lease contains no specific ban or restriction, subletting is allowed. Most leases in Shepshed do not prevent subletting altogether – such a clause would adversely affect the market value the property. In most cases there is simply a requirement that the owner notifies the freeholder, possibly sending a copy of the sublease.

Shepshed Leasehold Conveyancing - Examples of Queries Prior to buying

It would be prudent to find out as much as possible concerning the managing agents as they will either make your living at the property much easier or a lot more difficult. Being a leasehold owner you are frequently in the clutches of the managing agents from a financial perspective and when it comes to every day issues like the cleanliness of the common parts. Don't be shy to ask other people if they are happy with them. On a final note, be sure you discover the dates that you are obliged pay the service charge to the managing agents and specifically how they are spending that money. What is the name of the managing agents?