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

Far from all Somerton conveyancing practitioners are approved and listed on all banks conveyancing panel. Please make the most of the above search tool to choose a Somerton conveyancing conveyancer on the on the lender panel.

Should commercial conveyancing searches reveal planned roadworks that could impact a commercial property in Somerton?

Many commercial conveyancing solicitors in Somerton will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Somerton. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Somerton.

For every commercial conveyancing transaction in Somerton it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can result in delays to Somerton commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Somerton.

I have recentlybeen informed that Arc property Solicitors have been shut down. They conducted my conveyancing in Somerton for a purchase of a leasehold apartment 10 months ago. How can I establish that the property is in my name in the name of the former proprietor?

The easiest way to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Somerton conveyancing specialists.

Am I best advised to choose a Somerton conveyancing solicitor who is local to the property I am purchasing? I have an old university friend who can conduct the legal formalities however they are based 200kilometers drive away.

The benefit of a local Somerton conveyancing firm is that you can visit the firm to execute documents, hand in your identification documents and apply pressure on them where appropriate. Having local Somerton know how is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who used your friend and they were happy that must surpass using an unfamiliar Somerton conveyancing solicitor just because they are round the corner.

What makes a Somerton lease problematic?

There is nothing unique about leasehold conveyancing in Somerton. Most leases are unique and legal mistakes in the legal wording can sometimes mean that certain sections are erroneous. For example, if your lease is missing any of the following, it could be defective:

Service charge per centages that don't add up correctly leaving a shortfall

A defective lease can cause problems when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. HSBC Bank, Skipton Building Society, and Alliance & Leicester all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, forcing the purchaser to withdraw.

I invested in buying a 2 bed flat in Somerton, conveyancing formalities finalised half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Somerton with a long lease are worth £255,000. The ground rent is £45 levied per year. The lease ends on 21st October 2097

With 73 years unexpired the likely cost is going to be between £8,600 and £9,800 as well as professional fees.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.