Me and my fiance are acquiring a maisonette in Somerton. My Conveyancer has never been on on the lender approved panel. Is it possible for me to retain my Somerton conveyancing solicitor even though they are excluded from the mortgage company list of approved lawyers?
You must appoint a conveyancer to complete the legal work required when you require a mortgage to purchase your property. The conveyancing practitioner will carry out all the relevant legal checks on the property, ensuring that you will be registered as proprietor and ensure that all the necessary mortgage documentation is in place. One can appoint a Somerton solicitor of your choosing. Nevertheless, if the property lawyer selected is not on the bank solicitor panel supplemental fees will be incurred as separate legal representation will be need by the bank. Lender panel applications may be submitted, so where your conveyancer has not in the past sought membership they can do so.
What can a local search reveal regarding the property my wife and I purchasing in Somerton?
Somerton conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search company for example Xpress Legal The local search is essential in every Somerton conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your new home. The search should reveal data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
three months have gone by following my purchase conveyancing in Somerton took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Am I best advised to use a Somerton conveyancing solicitor in close proximity to the house I am hoping to buy? I have an old university friend who can handle the legal formalities however they are based 300miles drive away.
The primary upside of using a high street Somerton conveyancing firm is that you can drop in to sign paperwork, deliver your identification documents and pester them where appropriate. Having local Somerton know how is a bonus. That being said it's more important to get someone that will do a good and efficient job. If if people you trust instructed your friend and they were happy that must trump using an unfamiliar Somerton conveyancing solicitor just because they are Somerton based.
When it comes to my conveyancing in Somerton should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Somerton conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the conveyancing practitioner's time in submitting the funds this way.