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Recently asked questions about conveyancing in Somerton

Do the conveyancing practitioners listed on your site perform right to buy conveyancing in Somerton?

We do have a number of conveyancing practitioners carrying out right to buy conveyancing work You should contact us in order to secure a costs calculation.

A colleague suggested that if I am buying in Somerton I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?

A search of this type is occasionally included in the estimate for your Somerton conveyancing searches. It is not a small report of about 40 pages, listing and detailing important information about Somerton around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Somerton Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Somerton Education with plans and statistics, Local Amenities and other useful information regarding Somerton.

My wife and I have a semi-detached Edwardian house in Somerton. Conveyancing lawyer acted for me and Coventry Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold with the exact same property. Is it worth asking Coventry Building Society to clarify?

You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Somerton and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the position with the conveyancing practitioner who conducted the conveyancing.

How does conveyancing in Somerton differ for newly converted properties?

Most buyers of new build property in Somerton come to us having been asked by the developer to sign contracts and commit to the purchase even before the house is completed. This is because house builders in Somerton typically buy the land, 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 property lawyers 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 Somerton or who has acted in the same development.

I am tempted by the attractive purchase price for a two apartments in Somerton both have about 50 years remaining on the lease term. Will this present a problem?

A lease is a legal document that entitles you to use the premises for a prescribed time frame. As a lease shortens the saleability of the lease reduces and results in it becoming more costly to acquire a lease extension. For this reason it is generally wise to extend the lease term. It is often difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on properties of this type. Lease extension can be a difficult process. We recommend you get professional help from a conveyancer and surveyor with experience in this arena.

Somerton Conveyancing for Leasehold Flats - A selection of Queries Prior to buying

    Is there a share of the freehold? It would be sensible to discover if there is anything that is prohibited in the lease. For example plenty of leases prohibit pets being permitted in certain buildings in Somerton. If you love the apartmentin Somerton however your dog is not allowed to live with you then you will be presented with a hard choice. Are any of leasehold owners in dispute over their service charge payments?

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