Find a South Petherton and Lambrook Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in South Petherton and Lambrook

Souldretaining a South Petherton and Lambrook conveyancing practice make the home moving process easier?

On the whole conveyancing lawyers in your neck of the woods will enjoy excellent connections with your local authority, which could help with your South Petherton and Lambrook conveyancing searches that your solicitor will require. It can only be a plus if they have existing connections with the Land Registry covering your area South Petherton and Lambrook, other conveyancers in the neighbourhood and South Petherton and Lambrook selling agents.

It is is a decade since I bought my property in South Petherton and Lambrook. Conveyancing solicitors have now been instructed on the sale but I am unable to find the title deeds. Will this cause complications?

Don’t worry too much. First there is a possibility that the deeds will be with the lender or they may be in the possession of the solicitor who acted in the purchase. Secondly the likelihood is that the land will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers obtaining current official copies of the land registers. The vast majority of conveyancing in South Petherton and Lambrook involves registered property but in the rare situation where your home is unregistered it adds to the complexity but is not insurmountable.

Me and my partner are purchasing a house in South Petherton and Lambrook. I might seem paranoid but how we can trust a lawyer? At some point we have to deposit funds into their account. What protection do we have from them run away with our monies?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

We are purchasing a 3 bedroom semi in South Petherton and Lambrook. Our aim is to carry out an extension to the side at the property.Will legal due diligence on the property include enquiries to see if these alterations are allowed?

Your solicitor will check the deeds as conveyancing in South Petherton and Lambrook can on occasion identify restrictions in the title deeds which restrict categories of alterations or need the consent of a 3rd party. Certain extensions need local authority planning permissions and approval under the building regulations. Some areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these issues with a surveyor before you commit yourself to a purchase.

I am buying a property in South Petherton and Lambrook. One unusual aspect is that the roof has a solar panel. RBS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?

As your lender is RBS your lawyer must comply with the conveyancing instructions outlined in Part two of UK Finance Lenders’ Handbook for RBS. The Council of Mortgage Lenders’ Handbook stipulates minimum requirements for solar panel roof-space leases, and conveyancing practitioners are required to report to RBS where a lease does not satisfy these conditions. The conditions relate to the installation of panels on properties in England and Wales and is not restricted to South Petherton and Lambrook.

I am downsizing from our home in South Petherton and Lambrook and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. Any high street South Petherton and Lambrook lawyer would know this is not the case. It does beg the question why the buyers are using a web based conveyancing practice rather than a conveyancing solicitor in South Petherton and Lambrook. Having lived in South Petherton and Lambrook for many years we know that this is a non issue. Should we contact our local Authority to seek confirmation that there is no issue.

It would appear that you have a conveyancing lawyer currently acting for you. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)

I work for a reputable estate agent office in South Petherton and Lambrook where we have witnessed a few flat sales put at risk due to short leases. I have been given contradictory information from local South Petherton and Lambrook conveyancing firms. Can you clarify whether the owner of a flat can start the lease extension formalities for the buyer?

As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.

An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

I own a 2 bed flat in South Petherton and Lambrook, conveyancing formalities finalised in 2002. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in South Petherton and Lambrook with a long lease are worth £260,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease finishes on 21st October 2094

With 75 years remaining on your lease the likely cost is going to be between £8,600 and £9,800 plus legals.

The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.

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