It is 10 years ago since I acquired my property in Somerton. Conveyancing solicitors have now been appointed on the sale but I can't track down my title documents. Will this jeopardise the sale?
You need not be too concerned. Firstly the deeds may be with the lender or they may be archived with the solicitor who handled your purchase. Secondly the chances are 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 solicitors obtaining up to date copy of the land registers. Nearly all conveyancing in Somerton involves registered property but in the rare situation where your home is unregistered it adds to the complexity but is not insurmountable.
I need some quick conveyancing in Somerton as I am under a deadline to exchange contracts in less than 4 weeks. A home loan is not required. Can I decline from having conveyancing searches to save fees and time?
If.Given you are are a cash purchaser you are at liberty not to have searches carried out although no lawyer would advise that you don't. Drawing on our experience of conveyancing in Somerton the following are examples of what can arise and adversely affect market value: Refused Planning Applications, Overdue Charges, Overdue Grants, Unadopted Roads,...
4 months have gone by following my purchase conveyancing in Somerton concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Somerton differ for newly converted properties?
Most buyers of new build property in Somerton approach us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is completed. This is because builders in Somerton typically purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Somerton or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a property in Somerton before instructing conveyancers. I have been informed that there is a flying freehold element to the property. Our surveyor has said that some lenders tend refuse to give a loan on this type of home.
It depends who your proposed lender is. HSBC has different instructions from Nationwide. If you e-mail us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Somerton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Somerton to see if the conveyancing costs will increase in light of this.
How can the Landlord & Tenant Act 1954 affect my commercial premises in Somerton and how can your lawyers assist?
The 1954 Act provides protection to commercial leaseholders, giving them the dueness to make a request to court for a new lease and remain in occupation when the lease comes to an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Somerton is one of the hundreds of locations in which our lawyers are located