I am in the process of remortgaging my home in Somerset, does my lawyer need to be on the Aldermore Solicitor panel?
In theory, you could use a solicitor that is not on the Aldermore conveyancing panel, but Aldermore would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
About to purchase a new build apartment in Somerset. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Somerset
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please confirm the Lease plans are surveyor prepared. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
Over the last few months I have been searching for a ground for flat up to £235,500 and identified one near me in Somerset I like with a park and transport links nearby, however it only has 49 remaining years left on the lease. I can't really find anything else in Somerset in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a mortgage the remaining unexpired lease term may be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
I was pointed in your direction by numerous selling agents in Somerset to locate a conveyancer using your seach tool. What’s the financial advantage for Estate Agents to recommend your site rather than a competitor’s?
We refuse to make any referral fee for pointing buyers and sellers our way. We found it would be just too difficult to pay a commission because a client could think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
My husband and I are first time buyers - had an offer accepted, yet the property agent informed us that the owners will only go ahead if we appoint their chosen conveyancers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a high street solicitor with experience of conveyancing in Somerset
We suspect that the seller is not behind this requirement. If they require ‘a quick sale', turning down a motivated buyer is is going to put the whole deal at risk. Avoid the agents and go straight to the sellers and explain that (a)you are motivated buyers (b)you are ready to progress, with mortgage lined up © you are chain free (d) you wish to move quickly (e)however you intend to instruct your own,trusted Somerset conveyancing solicitors - not the ones that will earn their estate agent a commission or achieve conveyancing thresholds demanded by head office.
My wife and I recently found out that one of the directors of the solicitors handling the purchase conveyancing in Somerset is a relative of the seller. Is this permitted?
As long as there is no conflict of interest this is permitted. Where you are obtaining mortgage finance then the mortgage company may have a say as many banks have specific instructions concerning this. For example for RBS (One Account) as of 2/9/2025, the requirements read as follows :