A colleague suggested that if I am purchasing in Somerset I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally quoted for as part of the standard Somerset conveyancing searches. It is a large document of more than thirty pages, listing and detailing significant information about Somerset around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Somerset Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful data about Somerset.
I have todaybecome aware that Arc property Solicitors have been shut down. They carried out my conveyancing in Somerset for a purchase of a leasehold apartment 12 months ago. How can I check that my home is in my name in the name of the former proprietor?
The easiest method to see if the property is in your name, you can carry out 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 Somerset conveyancing specialists.
How does conveyancing in Somerset differ for new build properties?
Most buyers of new build premises in Somerset contact us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is constructed. This is because developers in Somerset typically acquire the real estate, 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 Somerset or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a property in Somerset in advance of instructing lawyers. I have been told that there is a flying freehold overhang to the house. The surveyor advised that some banks may refuse to issue a mortgage on this type of premises.
It varies from the lender to lender. Santander has different instructions from Halifax. Should you wish to telephone us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Somerset. Conveyancing may be slightly more expensive based on your lender's requirements.
Is it necessary during the course of the conveyancing process to pop into the offices of the mortgage company conveyancing panel solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Somerset as it will be easier to pop in to their offices if required.
As opposed to twenty years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Somerset.