How does conveyancing in Glastonbury differ for new build properties?

Most buyers of new build premises in Glastonbury contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is built. This is because new home sellers in Glastonbury usually buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Glastonbury or who has acted in the same development.

I decided to have a survey carried out on a house in Glastonbury in advance of appointing solicitors. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some mortgage companies tend refuse to grant a loan on a flying freehold property.

It depends who your proposed lender is. Bank of Scotland has different instructions for example to Birmingham Midshires. Should you wish to call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Glastonbury. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Glastonbury to see if the conveyancing costs will increase in light of this.

What tools are available to locate a Glastonbury law firm on the Aldermore conveyancing panel? I have a car and am happy to travel upto 20miles to meet the solicitor.

Feel free to make use of the tool on this page. Please choose the mortgage company and your location and you will see a number of Glastonbury conveyancing lawyers based on proximity. We have listed some Glastonbury conveyancing firms at the bottom of this page and you can contact them to check if they are on the Aldermore member panel

Back In 2005, I bought a leasehold house in Glastonbury. Conveyancing and Barclays mortgage went though with no issue. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1995. The conveyancing practitioner in Glastonbury who acted for me is not around. What should I do?

First contact HMLR to make sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. You do not need to incur the fees of a Glastonbury conveyancing firm to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

Glastonbury Leasehold Conveyancing - Examples of Questions you should ask Prior to buying

Most Glastonbury leasehold apartments will incur a service bill for the upkeep of the building set by the landlord. Should you buy the apartment you will have to pay this liability, usually quarterly accross the year. This can differ from several hundred pounds to thousands of pounds for buildings with lifts and large communal grounds. In all likelihood there will be a ground rent for you to pay yearly, normally this is not a large sum, say about £50-£100 but you should to enquire it because occasionally it can be prohibitively expensive. Generally speaking the cost for major works are not wrapped into the maintenance charges, albeit that there some managing agents in Glastonbury obliged tenants to contribute towards a reserve fund created for the specific intention of building a fund for larger works. If a Glastonbury lease has less than 80 years it will have adverse implications on the marketability of the property. Check with your mortgage company that they are content with residual term of the lease. Leases with fewer than 80 years remaining means that you will probably need a lease extension sooner rather than later and it is worth discovering how much this would cost. Remember, in most cases you will be required to have owned the residence for a couple of years in order to be legally able to extend the lease.

We are looking to purchase a repossessed house in Glastonbury and the vendor would like to complete within a month. Do lawyers meet that timeframe? Would it be better to use a high street Glastonbury firm or an online firm that advertises to offer speedy conveyancing?

Attend your Glastonbury shopping parade. Go in to a couple of firms and ask to talk to a conveyancing solicitor for an estimate. Discuss your situation and get assurances on time frames. Choose the one that comes across as most trustworthy. You need to select a lawyer on the list of conveyancers acceptable to your mortgage company.