I am acquiring a brand new apartment in Shenstone and my conveyancer is advising me that she has to the lender to reveal incentives from the builder. I am on a tight deadline to sign contracts and I have no desire to delay the conveyancing. is my lawyer playing by the book?

You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.

Having sold my house in Shenstone last August but the buyer keeps Skype messaging daily complaining that her conveyancer needs to hear from mysolicitor. What are the post completion sale formalities now that I have sold?

Post completion of your disposal your lawyer should deliver the transfer deeds and all supplemental paperwork to the buyer’s lawyers. Depending on the transaction, your lawyer must also evidence that the home loan has been paid off to the buyers solicitors. There are no post completion tasks specific conveyancing in Shenstone.

Our bank has suggested solicitors on their panel based in Shenstone but I would rather instruct a conveyancing lawyer in Shenstone local to me. Are you able to assist?

Far from all Shenstone conveyancing solicitors are approved and listed on all lender’s conveyancing panel. Please make the most of the above find an approved solicitor tool to choose a Shenstone conveyancing conveyancer on the on the bank panel.

What can a local search reveal about the property we're purchasing in Shenstone?

Shenstone conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search company such as Onsearch The local search plays an important part in most Shenstone conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your property. The search should supply information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject areas.

I am looking at a two maisonettes in Shenstone which have in the region of fifty years unexpired on the lease term. Will this present a problem?

There are plenty of short leases in Shenstone. The lease is a legal document that entitles you to use the property for a period of time. As a lease gets shorter the value of the lease reduces and it becomes more costly to extend the lease. This is why it is often a good idea to extend the lease term. Sometimes it is difficulties arise selling premises with a short lease as mortgage lenders less inclined to grant a loan on such properties. Lease enfranchisement can be a difficult process. We advise that you get professional assistance from a solicitor and surveyor with experience in this arena.

Shenstone Conveyancing for Leasehold Flats - Examples of Questions you should ask Prior to Purchasing

Is anyone aware of any major works in the near future that will likely add a premium to the service costs? How much is the service charge and ground rent on the property? How many years are left on the lease?