What is the ideal method for finding a freehold conveyancing in Somerset?
Option 1 is to ask the people you trust who they used in the past and if they were happy with the service.
Second, use a comparison service on the web for conveyancing in Somerset. Pick up the phone to two or three from the list and ask them to send you their conveyancing fees and discuss your needs with the solicitor who will oversee your conveyancing ahead ofmaking your choice.
Third is to make use of this site to help you find the right solicitors taking into account your personal factors including the type of property,deadlines, complexity and who the proposed mortgage company is. Do not be fooled by ninety nine pound conveyancing in Somerset
It is is a decade since I acquired my house in Somerset. Conveyancing lawyers have recently been instructed on the sale but I am unable to find the title deeds. Is this a major issue?
Don’t worry too much. Firstly there is a chance that the deeds will be retained by the mortgage company or they may be in the possession of the solicitor who handled the purchase. Secondly the chances are that the title will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors acquiring current official copies of the land registers. The vast majority of conveyancing in Somerset relates to registered property but in the unlikely event that your home is not registered it is more problematic but is resolvable.
I currently have a mortgage with Virgin Money for my property in Somerset. Conveyancing has been completed months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Virgin Money?
Virgin Money must be informed of your intention prior to renting your property as this is likely to be a breach of Virgin Money’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Virgin Money directly. It should not be necessary to do this via a Virgin Money conveyancing panel solicitor.
Planning on purchasing a apartment in Somerset. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Lloyds conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Somerset property lawyer is on the Lloyds conveyancing panel.
Our sealed bid on a semi in Somerset has been accepted, but there is a chain. The vendors have placed an offer on on an apartment, however it’s not yet agreed to, and have viewings of other flats in the pipeline. I have chosen a high street conveyancing solicitor in Somerset. What do I do now? When do I get the mortgage application with Principality started?
It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx one thousand pounds, then survey, Somerset conveyancing search charges, etc). First, you must ensure that your lawyer is on the Principality conveyancing panel. Concerning the next steps this very much dictated by the circumstances of your transaction, attraction to this property and on the state of the market. During a buoyant market many purchasers will apply for a home loan with Principality and arrange for the valuation and only if it was satisfactory would they ask their solicitor to move forward with searches.
A colleague suggested that where I am purchasing in Somerset I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes quoted for as part of the standard Somerset conveyancing searches. It is not a small document of more than thirty pages, listing and detailing significant information about Somerset around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data about Somerset.
How does conveyancing in Somerset differ for newly converted properties?
Most buyers of new build residence in Somerset contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is completed. This is because new home sellers in Somerset tend to purchase 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.