I plan on buying a flat in Glastonbury. My lawyer has never been on on the mortgage company approved list. Is it possible for me to retain my Glastonbury conveyancing solicitor notwithstanding that they are excluded from the bank panel of approved conveyancing solicitors?
You will need to have a property lawyer to complete the legal work required when you take out a loan to purchase your property. They will conduct all the necessary investigations on the property, make sure that you’re registered as proprietor and ensure that all the necessary mortgage documentation is dealt with. One could instruct a Glastonbury conveyancing practitioner of your choosing. Nevertheless, where the solicitor selected is not a member of the bank approved list further costs will be incurred as separate legal representation will be required by them. Bank panel applications can be submitted, so if your lawyer has not historically sought membership they should take the chance to apply.
I purchased a freehold house in Glastonbury but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Glastonbury and has limited impact for conveyancing in Glastonbury but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
I used Stirling Law a few years ago for my conveyancing in Glastonbury. I now require my papers however the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Glastonbury of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one near me in Glastonbury I like with open areas and transport links nearby, the downside is that it's only got 51 years on the lease. There is not much else in Glastonbury in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you need a mortgage that many years may be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
My company is intending to take an assignment of a lease of a shop on the high street. Can you recommend lawyers offering no-move-no fees for commercial conveyancing in Glastonbury for less than 1500k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Glastonbury, including the sale and acquisition of businesses as well as simply premises. Whether you are intending to acquire or sell a shop, pub, restaurant, office, retail unit or a whole business we will find you the right solicitor. As for the charges this will depend on the structure and terms of the deal. Let us have your details or email us so that we may furnish you with a fixed commercial conveyancing quote.
Please can you explain what my options are if my Glastonbury conveyancing searches shows detrimental entries?
On the whole, the majority of issues arising from Glastonbury conveyancing search results can be dealt with ahead of completion or indemnity insurance could possibly be taken. You should remember that even though you are buying the premises and might be willing to accept the search results, your building society or bank may not, and ultimately the decision rests with them.