It is 10 years ago since I purchased my property in Yeovil. Conveyancing lawyers have recently been instructed on the sale but I am unable to locate my title documents. Is this a major issue?
Don’t worry too much. Firstly the deeds may be kept by your lender or they may be in the possession of the solicitor who handled your purchase. Secondly the chances are that the land will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers procuring current official copies of the land registers. The vast majority of conveyancing in Yeovil relates to registered property but in the rare situation where your property is unregistered it adds to the complexity but is not insurmountable.
I am buying a house and need a conveyancing solicitor in Yeovil who is on the Platform Home Loans Ltd approved. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Platform Home Loans Ltd in certain locations such as Yeovil. We dont recommend any particular firm.
We are buying a flat in Yeovil. I might seem paranoid but how we can trust a conveyancer? At some point we have to send our life savings into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My bid for a property was accepted at auction in Yeovil. Conveyancing is required. What is next?
Having exchanged you now have to appoint a conveyancing practitioner quickly as you are facing a fast approaching a drop dead date to complete the transaction. All auction property will ordinarily have an associated legal set of papers. This will include most,if not all of the documents that your solicitor will need. In the case of leasehold property the conveyancing pack should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to leasehold premises. You should hand this to your appointed conveyancing solicitor at the earliest opportunity. You also need to ensure that that you have the requisite funding in place to complete the transaction on the set completion date.
I am purchasing a property in Yeovil. A rare aspect is that the roof has a solar panel. HSBC have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is HSBC your lawyer must check the formal requirements outlined in Section two of UK Finance Lenders’ Handbook for HSBC. The Council of Mortgage Lenders’ Handbook stipulates minimum specifications for solar panel roof-space leases, and conveyancing practitioners are required to report to HSBC where a lease does not comply with these specifications. The provisions relate to the installation of panels on properties nationwide and is not restricted to Yeovil.
We are buying a property and the conveyancer has mentioned Chancel Repair for which the house could be liable because it falls into the area of such a church. She has recommended insurance. Is this strictly necessary for conveyancing in Yeovil
Unless a previous purchase of the premises completed after 12 October 2013 you can expect solicitors conducting conveyancing in Yeovil to continue to propose a a chancel search and or insurance against a claim.
Despite weeks of looking the Title Certificate and documents to my property are lost. The conveyancers who conducted the conveyancing in Yeovil 4 years ago no longer exist. What are my next steps?
In today’s world there are duplicates made of almost everything, and your conveyancer will know precisely where to find all the relevant paperwork so you may buy or sell your house without any difficulty. Where copies can’t be located, your lawyer may be able to put in place insurance or indemnities protecting you against future claims on your property.
Over the last few months I have been searching for a ground for flat up to £245,000 and found one close by in Yeovil I like with amenity areas and transport links in the vicinity, the downside is that it's only got 52 remaining years left on the lease. I can't really find anything else in Yeovil suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you could request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.