Do the conveyancing solicitors listed on your site carry out attended exchange conveyancing in South Petherton?
There are a few conveyancing experts who can conduct personalised exchanges. You should contact us to obtain a fee calculation and details as to dates.
I own a freehold property in South Petherton yet pay rent, why is this and what is this?
It’s unusual for properties in South Petherton and has limited impact for conveyancing in South Petherton but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
Should commercial conveyancing searches disclose planned roadworks that could impact a commercial site in South Petherton?
Its becoming the norm that commercial conveyancing solicitors in South Petherton will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in South Petherton. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in South Petherton.
For each commercial conveyancing transaction in South Petherton it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could cause delays to South Petherton commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not ordered for domestic conveyancing in South Petherton.
How does conveyancing in South Petherton differ for newly converted properties?
Most buyers of new build residence in South Petherton come to us having been asked by the developer to sign contracts and commit to the purchase even before the property is built. This is because builders in South Petherton tend to acquire the site, 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 South Petherton 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 South Petherton in advance of appointing conveyancers. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some mortgage companies will not issue a loan on a flying freehold premises.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. Should you wish to telephone us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in South Petherton. Conveyancing may be slightly more expensive based on your lender's requirements.
Living abroad it is not practicable to visit my South Petherton conveyancing solicitors office to sign documents connected to my conveyancing in South Petherton – is this a problem?
Not a problem. South Petherton conveyancing lawyers can conduct home moves for clients nationally. You are unlikely to be required to be present a South Petherton conveyancers office. Almost all solicitor can deal with all communications via post, email, telephone and fax.