I require conveyancing for an apartment in a fairly new development (6 years old) in Frome. The vast majority the flats are already disposed of. Do I need carry out the conveyancing searches as part of conveyancing in Frome?
Where you are obtaining a mortgage, your lender will need some (many) of the searches so you'll have no choice. If not, then Frome conveyancing searches are optional. Your solicitor, will 'advise', perhaps strongly, that you should have the searches done, but he or she is duty bound in this regard. One thing to bear in mind; if you are likely to sell the house one day, it may be of interest to your future buyer what the searches contain. Sometimes houses with no practical issues can still throw up adverse search results. But if you choose to instruct your lawyer to proceed without searches then your lawyer will have to follow your instructions or ask you to appoint a different lawyer for your conveyancing in Frome.
My property lawyer in Frome is not listed on the Lloyds TSB Bank Approved Panel. Is it possible for me to continue with my family solicitor notwithstanding that they are not on the Lloyds TSB Bank panel of approved conveyancing solicitors?
Your options are as follows:
- Carry on with your existing Frome lawyers but Lloyds TSB Bank will need to retain a conveyancer on their panel. This will result in additional total conveyancing fees as well as result in delays.
- Find a new lawyer to act in the conveyancing, obviously checking they are on the Lloyds TSB Bank panel
I used Action Conveyancing several years past for my conveyancing in Frome. Now, I need my documents but the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Frome of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and identified one near me in Frome I like with amenity areas and railway links in the vicinity, however it's only got 61 years unexpired on the lease. I can't really find anything else in Frome in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
Is it simple use the search app to choose a conveyancing solicitor in Frome on the approved list for my lender?
1st select a lender such as Yorkshire Building Society, Virgin Money or TSB then type in your location for example Frome. Conveyancing firms in Frome and further afield should be listed.
Our property lawyer in Frome has informed me that he requires personal identification documents asserting that this forms part of his retainer as a conveyancer on the mortgage company Solicitor panel. Can you confirm whether this is the case?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the lender. This is not specific to conveyancing in Frome