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Recently asked questions about conveyancing in Shepton Mallet

We are buying a flat in Shepton Mallet. I might seem paranoid but how we can trust a solicitor? On completion day we will need to put our life savings into their account. What is the protection we have from them run away with our monies?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

What is your number one tip for choosing a conveyancing solicitor in Shepton Mallet

We would encourage you not to go for the lowest Shepton Mallet conveyancing costs illustration. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.

Do I find a Licenced Conveyancer or Solicitor for conveyancing in Shepton Mallet?

There are two types of lawyers who can do conveyancing in Shepton Mallet namely CLC regulated conveyancers or solicitors. The two can provide conveyancing services that you need to complete the sale or purchase of property. They are both required to conduct Shepton Mallet conveyancing on similar standards and guidelines so you can be safe in the knowledge that your conveyancing will be properly carried out and that all requirements and procedures will be correctly adhered to.

About to purchase a new build apartment in Shepton Mallet. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Shepton Mallet

    There must be mutual enforceability of lessee’s covenants. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?

Due to the advice of my in-laws I had a survey completed on a property in Shepton Mallet prior to instructing lawyers. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some banks will not issue a mortgage on this type of premises.

It varies from the lender to lender. HSBC has different requirements for example to Halifax. Should you wish to telephone us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Shepton Mallet. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Shepton Mallet to see if the conveyancing costs will increase in light of this.

I today plan to offer on a house that seems to be perfect, at a reasonable figure which is making it all the more appealing. I have since been informed that it's a leasehold as opposed to freehold. I would have thought that there are issues purchasing a house with a leasehold title in Shepton Mallet. Conveyancing lawyers have are about to be instructed. Will my lawyers set out the risks of buying a leasehold house in Shepton Mallet ?

Most houses in Shepton Mallet are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. We note that you are purchasing in Shepton Mallet so you should seriously consider looking for a Shepton Mallet conveyancing solicitor and be sure that they are used to transacting on leasehold houses. First you will need to check the unexpired lease term. Being a tenant you will not be entirely free to do whatever you want to the property. The lease will likely included provisions such as requiring the landlord’spermission to conduct alterations. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the property is part of an estate. Your conveyancer should advise you fully on all the issues.

Shepton Mallet Leasehold Conveyancing - Examples of Queries Prior to Purchasing

    Does the lease contain onerous restrictions? How is the lease structured? This information is helpful as a) areas may result in problems in the building as the communal areas may start to deteriorate where repairs are not paid for b) if the leasehold owners have an issue with the managing agents you will need to have all the details

I am an executor of my recently deceased mum’s Will, with a bungalow in Shepton Mallet which will be sold. The house is unregistered at the Land Registry and I'm told that some EAs will insist that it is completed before they will proceed. What's the procedure for this?

In the circumstances you refer to it seems prudent to seek to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. The Land Registry’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and official copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.

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Find out more about how flying freehold can affect your the value of a property.