I am getting a mortgage offer from Nat West. I would like to employ the services of a Licensed Conveyancer in Yeovil. Does the Nat West Conveyancing panel allow for conveyancers regulated by the CLC?
The Nat West approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
My brother and I have lately bought a property in Yeovil. We have since encountered a number of problems with the house which we suspect were missed in the conveyancing searches. Is there anything we can do? What searches should? have been conducted for conveyancing in Yeovil?
The query is not clear as to the nature of the problems and if they are specific to conveyancing in Yeovil. Conveyancing searches and due diligence undertaken as part of the buying process are carried out to help avoid problems. As part of the legal transfer of property, the vendor fills in a form called a Seller’s Property Information Form. If the information turns out to be misleading, you may have a misrepresentation claim against the vendor for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Yeovil.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Yeovil is where the house is located. Can you shed any light on this issue?
Flying freeholds in Yeovil are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Yeovil you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Yeovil may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I have just started marketing my garden apartment in Yeovil. Conveyancing solicitors are to be appointed soon, but I have recently had a yearly maintenance charge demand – what should I do?
It best that you pay the invoice as normal as all ground rent and maintenance invoices will be allotted on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I bought a basement flat in Yeovil, conveyancing having been completed March 2005. Can you work out an approximate cost of a lease extension? Comparable flats in Yeovil with a long lease are worth £211,000. The ground rent is £45 yearly. The lease terminates on 21st October 2085
You have 67 years remaining on your lease we estimate the price of your lease extension to be between £10,500 and £12,000 plus legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.
What type of premises does your Yeovil conveyancing quotes apply to?
Our conveyancing quotes are only relevant to standard residential premises in England & Wales. If you have any different needs such as industrial or agricultural property or commercial conveyancing in Yeovil do contact us to discuss this further .