My fiance and I are planning to buy a flat in Somerton and are in fact using a Somerton conveyancing practice. Within the past 48 hours our conveyancer has forwarded the sale agreement to be signed with a detailed report with the expectation that exchange is imminent. Skipton Building Society have this afternoon contacted us to inform me that they have now hit a problem as our Somerton lawyer is not on their conveyancing panel. Please explain?
If you are buying a property requiring a mortgage it is usual for the purchasers' solicitors to also act for the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel and you may continue to use your own Somerton solicitors, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Somerton. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 18/8/2026, the requirements read as follows :
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one close by in Somerton I like with a park and station in the vicinity, however it's only got 51 years on the lease. I can't really find anything else in Somerton suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you require a mortgage the shortness of the lease will be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
I am four weeks into a freehold purchase having been recommend to conveyancers by the estate agent to carry out the conveyancing in Somerton. I am am very disappointed with the quality of service. Could you you assist me in finding new lawyers?
They would have to be really bad to suggest replacing them. Has your loan offer been sent? If so you will need to inform them of the new solicitor and ensure the mortgage documents are re-sent. The conveyancer needs to be on the mortgage company panel to avoid escalating fees and frustration. That should be your starting point. The find a solicitor tool can assist you in finding a lender approved solicitor for your home move in Somerton
All being well we will complete the disposal of our £250,000 maisonette in Somerton in just under a week. The managing agents has quoted £300 for Certificate of Compliance, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Somerton?
Somerton conveyancing on leasehold maisonettes normally results in fees being levied by landlords agents :
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Answering conveyancing due diligence enquiries
Where consent is required before sale in Somerton
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I am the registered owner of a 2 bed flat in Somerton, conveyancing was carried out half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Somerton with an extended lease are worth £179,000. The ground rent is £65 invoiced every year. The lease terminates on 21st October 2084
You have 58 years left to run we estimate the price of your lease extension to range between £25,700 and £29,600 plus costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply the actual costs without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.
Do I cancel the direct debit for my mortgage with Lloyds once a completion date for my sale in Somerton has been agreed?
No, you should continue paying any mortgage payments to Lloyds pending the mortgage being redeemed on completion as part of your Somerton conveyancing.