IfI was to purchase a simple residential propertyin Somerton mortgage fee and dispense with a survey and no local authority searches how much could I expect to to save on my conveyancing in Somerton?
Any savings you would gain would be isolated to the disbursement for searches. A conveyancer still got to do everything else - money laundering, correspond with the vendors conveyancing practitioner, stamp duty submission, register the ownership etc. A marginal saving might be made by not needing to register a mortgage however it won't be significant.
My aunt pointed out to me me that in buying a property in Somerton there may be a number of restrictions limiting what one can do in terms of external changes to the property. Is this right?
There are a number of properties in Somerton which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Somerton should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
is it true that all Somerton solicitor practices on the Barclays conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the Barclays approved list of solicitors they would need to be regulated by the SRA. Many mortgage companies do permit licenced conveyancers on their panel and in such a situation the organisation would be governed by the Council of Licensed Conveyancers.
I am currently in the process of buying my council flat in Somerton. I have a mortgage offer with Nottingham. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Nottingham, you will need to appoint a solicitor on the Nottingham conveyancing panel.
What will a local search tell me concerning the property I am purchasing in Somerton?
Somerton conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search company such as PSG The local search plays a central part in many a Somerton conveyancing purchase; that is if you don’t want any nasty surprises after you move into your property. The search should reveal data on, amongst other things, details on planning applications relevant to the property (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 13 subject headings.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a simple, chain free conveyancing. Somerton is the location of the property. Is there any advice you can give?
Flying freeholds in Somerton are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Somerton you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Somerton may determine 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 property.
In my capacity as executor for the will of my grandfather I am selling a house in Swansea but live in Somerton. My lawyer (approximately 200 miles awayhas requested that I execute a stat dec ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Somerton to witness and place their company stamp on the document?
Technically speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will be fine regardless of whether they are Somerton based
I've recently bought a leasehold flat in Somerton. Am I liable to pay service charges for periods before my ownership?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Leasehold Conveyancing in Somerton - Sample of Questions you should ask before Purchasing
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Best to be warned whether fixing the lift or some other major work is anticipated to be shared between the leaseholders and will dramatically impact the level of the service costs or require a one time invoice. Make sure you discover if the the lease includes any unreasonable restrictions in the lease. For example it is fairly common in Somerton leases that pets are not permitted in certain buildings in Somerton. If you love the flatin Somerton however your dog can’t live with you then you have a very difficult compromise.