My stepmother advised me that in buying a property in Wedmore there may be a number of restrictions limiting what one can do in terms of external alterations to the property. Is this right?
We are aware of anumerous of properties in Wedmore which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Wedmore should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
When it comes to lenders such as Coventry BS, do Wedmore property lawyers have to pay an annual charge to be on the conveyancing panel?
We are unaware of any lender fees to register on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
I am selling my apartment. I had a double glazing fitted in February 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Clydesdale are being problematic. The Wedmore solicitor who is on the Clydesdale conveyancing panel is saying indemnity insurance will be fine but Clydesdale are insisting on a building regulation certificate. Why do Clydesdale have a conveyancing panel if they don't accept advice from them?
It is probably the case that Clydesdale have referred the matter to their valuer. The reason why Clydesdale may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Is it necessary to pay for insurance to protect me from financial exposure to chancel repairs when buying a house in Wedmore?
Unless a previous purchase of the house took place after 12 October 2013 you can expect lawyers delivering conveyancing in Wedmore to remain encouraging a chancel search and or chancel repair liability insurance.
I used Arc property Solicitors several years ago for my conveyancing in Wedmore. Now, I need my documents but the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Wedmore of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
My business partner and I are wishing to lease a unit on the high street. Can you recommend lawyers offering competitive costs for non-domestic conveyancing in Wedmore for under £1,200?
We can recommend firms who have well rounded knowledge of commercial conveyancing in Wedmore, including the sale and acquisition of businesses as well as simply property. Whether you are hoping to purchase or dispose of a shop, pub, restaurant, office, retail unit or a whole business we will find you the right firm. Regarding the costs this will depend on the structure and terms of the proposed transaction. Let us have your contact information or call so as to enable us to supply you with a detailed commercial conveyancing calculation.
Expecting to exchange soon on a garden flat in Wedmore. Conveyancing lawyers assured me that they report fully within the next couple of days. What should I be looking out for?
The report on title for your leasehold conveyancing in Wedmore should include some of the following:
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Information concerning the obligations as set out in the lease to pay service charges - in respect of the block, and the more general rights a leaseholder has The unexpired lease term. You should be advised as what happens when the lease ends, and informed of the importance of the 80 year mark What remedies are open the freeholder should you breach a clause of your lease? The landlord’s rights to access the property. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. You would want to be sent a copy of the lease
I am the registered owner of a split level flat in Wedmore, conveyancing having been completed in 2009. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Wedmore with a long lease are worth £265,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease expires on 21st October 2101
With 76 years unexpired we estimate the price of your lease extension to be between £8,600 and £9,800 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.
I own a leasehold flat in Wedmore. Conveyancing was completed in 2010. I have been told that I should not let the the remaining lease term to get too short. What is the reasoning?
Wedmore leasehold properties are for a set period - often 99 years when they commenced. However many appartments in Wedmore were constructed or converted 20 or more years ago and so these leases now have under eighty years unexpired. That may sound like a long time but Banks, Building Societies and other mortgage lenders tend to need leases to have at least seventy five years unexpired to adequate security. This means that when you come to sell the property you will need a lease extension if you are nearing 75 years. To enhance your property value you should be thinking about whether or not to extend your lease well in advance of selling the property. You should note that there are significant benefits to doing so before the lease reaches even eighty years as when the lease is below 80 years the amount to be paid to extend starts to escalate.