Are the Somerset conveyancing solicitors identified as being on the Virgin Money conveyancing panel, together with their details provided by Virgin Money?
Somerset conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.
we are a couple who are hoping to buy a newbuild flat in Somerset with a mortgage from Godiva Mortgages Ltd.We have a Somerset conveyancing lawyer but Godiva Mortgages Ltd advised that her practice is not on their "panel". It seems we have little choice but to instruct a Godiva Mortgages Ltd panel lawyer or retain our preferred solicitor and fork out for one of their panel ones to act for them. This seems very unfair; Can we not simply insist that Godiva Mortgages Ltd use our lawyer?
No, not really. The loan issued to you contains terms and conditions, one of which will be that conveyancers will be on the Godiva Mortgages Ltd approved list. Until recently, most lenders had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Godiva Mortgages Ltd
I have recentlyfound out that Action Conveyancing have closed. They conducted my conveyancing in Somerset for a purchase of a leasehold apartment 12 months ago. How can I check that my home is registered correctly in the name of the former proprietor?
The easiest way to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Somerset conveyancing specialists.
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a quick, chain free conveyancing. Somerset is the location of the property. What do you suggest?
Flying freeholds in Somerset are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Somerset you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Somerset may determine 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 residence.
How straightforward is it to use your search app to find a conveyancing lawyer in Somerset on the authorised to act for my mortgage?
1st select a bank such as Lloyds TSB Bank, Norwich and Peterborough Building Society or Nottingham Building Society then choose your preferred area such as Somerset. Conveyancing firms in Somerset and further afield should be identified.
Our conveyancer has advised that he intends to complete and exchange simultaneously on our sale of a £125,000 apartment in Somerset on Friday in a week. The landlords agents has quoted £372 for Certificate of Compliance, building insurance schedule and 3 years service charge statements. Is the landlord entitled to charge such fees for a leasehold conveyance in Somerset?
For the majority of leasehold sales in Somerset conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
-
Answering pre-exchange questions
Where consent is required before sale in Somerset
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Somerset Conveyancing for Leasehold Flats - A selection of Queries before buying
-
How much is the yearly maintenance fee and ground rent? Make sure you find out if the the lease includes any onerous restrictions in the lease. For instance it is reasonably common in Somerset leases that pets are not allowed in in a block in Somerset. If you like the propertyin Somerset but your dog is not allowed to live with you then you have a very difficult decision.