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Find a Somersham Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Somersham? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Somersham transaction at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Somersham conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Somersham

When it comes to mortgage companies such as UBS, do Somersham lawyers have to pay a fee to be on the conveyancing panel?

We are not aware of any mortgage company fees to register on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.

Having read lots of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Somersham solicitor - who is on the Leeds Building Society conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?

Leeds Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Leeds Building Society will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Somersham postcode. As you are getting a mortgage with Leeds Building Society, you could contact them to see if they have a list of approved surveyors in Somersham.

Our sealed bid on a property in Somersham has been accepted, the sellers do however have an associated purchase. The sellers have put an offer on a property, however it’s not yet tied up, and are looking at other flats in the pipeline. I have instructed a nearby conveyancing solicitor in Somersham. What should be my next step? When should I get the mortgage application with Virgin Money going?

It is normal to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is in the region of £1k, then survey, Somersham conveyancing search fees, etc). The first course of action is to check that your lawyer is on the Virgin Money conveyancing panel. Concerning the next phase this very much depends on the uniqueness of your case, attraction to the property and on the state of the market. In a rising market some home buyers will apply for a home loan with Virgin Money and pay for the valuation and only if it was satisfactory would they request their conveyancer to proceed with the conveyancing in Somersham.

Are there restrictive covenants that are commonly identified during conveyancing in Somersham?

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Somersham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I am buying a new build apartment in Somersham. Conveyancing is daunting 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.

Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Somersham

    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. There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.

I decided to have a survey carried out on a property in Somersham in advance of instructing conveyancers. I have been informed that there is a flying freehold overhang to the house. My surveyor has said that some mortgage companies may not give a mortgage on this type of home.

It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Somersham. Conveyancing will be smoother if you use a solicitor in Somersham especially if they regularly deal with such properties in Somersham.

My husband and I recently discovered that one of the directors of the firm acting on the purchase conveyancing in Somersham is an uncle of the seller. Is this acceptable?

As long as there is no conflict of interest this should be fine. Where you are requiring a home loan then the lender may have a say as many mortgage companies have specific instructions on this. For example for Halifax as of 21/9/2022, the requirements read as follows :

1.15- May your firm act if the person dealing with the transaction or a member of his immediate family is the borrower?

Not if the person dealing is the borrower or a member of the borrower's immediate family. Your firm may act if a separate fee earner of no less standing or a partner in the firm acts for us.

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