We instructed a South Petherton based solicitor for our conveyancing in South Petherton today. After carefully reading the Ts and Cs I seeI am on the hook for charges even if our purchase aborts. Should I go with them or instruct a web based conveyancing brokerage advertising no completion no cost conveyancing in South Petherton?
Generally there is a concession along the lines that if "No Completion No Fee" is offered then the conveyancing charges will generally be uplifted to counteract those conveyances that fail to complete. Do bear in mind that such promotions generally do not cover disbursements e.g. South Petherton conveyancing search fees.
I purchased a freehold house in South Petherton yet invoiced for 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 hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
What is the difference between a licensed conveyancer and conveyancing solicitor in South Petherton
There are two types of lawyers who can carry out conveyancing in South Petherton namely licenced conveyancers or solicitors. The two can administer the legal services that you need to complete the disposal or purchase of property. Both are required to carry out South Petherton conveyancing on similar standards and guidelines so you can be sure that your conveyancing will be properly carried out and that all requisite procedures will be appropriately followed.
My wife and I buying a 4 bedroom semi-detached house in South Petherton. The intention is to carry out an extension to the side at the property.Will the conveyancing process include checks to determine if these works are allowed?
Your conveyancer will check the registered title as conveyancing in South Petherton will occasionally identify restrictions in the title documents which prohibit categories of alterations or need the consent of a 3rd party. Many works need local authority planning permissions and approval under the building regulations. Many locations are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. It would be sensible to check these issues with a surveyor before you commit yourself to a purchase.
Can you point me to a directory of Lloyds panel conveyancers in South Petherton on the UK Finance Lenders’ Handbook Website?
No. There is no such facility on the CML or Building Society Association websites. Very few lenders make their panel listings viewable on the web. If you are in need of a South Petherton conveyancer on the Lloyds please use our facility.
Have purchased a a semi-detached house in South Petherton , What is the estimated time for the Land Registry to register my ownership? My South Petherton conveyancing solicitor has been very slow, so I want to check the registration formalities are concluded.
There is nothing unique about conveyancing in South Petherton registration formalities. Rather than based on location, timeframes can vary according to the party submitting the application, whether there are errors and whether the Land registry must send notices to any 3rd persons or bodies. At present roughly three quarters of submission are fully dealt with within two weeks but occasionally there can be longer delays. Historically registration takes place once the new owner is living at the property thus 'speed' is not always top priority but where it is urgent that the the registration takes place urgently then you or your conveyancer should communicate with the Registry to express the reasoning for the application to be prioritised.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what should have been a simple, no chain conveyancing. South Petherton is where the house is located. Is there any guidance you can give?
Flying freeholds in South Petherton are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside South Petherton you must be sure that your lawyer goes 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 South Petherton may ascertain 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 property.
When it comes to my conveyancing in South Petherton should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some South Petherton conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the lawyer's time in submitting the funds this way.