My partner and I are purchasing a brand new flat in Yeovil and my conveyancer is advising me that she is duty bound to the bank to disclose incentives from the seller. I am nearing the developer’s deadline to exchange contracts and I have no desire to delay deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Can you explain why leasehold purchase conveyancing in Yeovil is more expensive?
Yeovil leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I used Wolstenholmes a few years ago for my conveyancing in Yeovil. Now, I need the documents but the law firm has closed. What do I do?
Do call 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 Yeovil of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Yeovil is the location of the property. What do you suggest?
Flying freeholds in Yeovil are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Yeovil you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Yeovil may determine 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.
I have been sourcing a conveyancing solicitor in Yeovil for my house move. Can I see a firm’s complaints history with the legal regulator?
You can see published Solicitor Regulator Association (SRA) decisions resulting from inquisitions started on or after Jan 2008. Visit Check a solicitor's record. To find records Pre 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, use +44 (0)121 329 6800. The regulator sometimes recorded call for training requirements.
I am purchasing a garden flat in Yeovil. Conveyancing solicitor is awaiting, from the vendor, building insurance schedule. I was told today I was informed that the vendor needs to send the insurance documents for the flat above as well. Why does my conveyancer need to check the insurance for the other flat? Is it really necessary? We have been waiting for the previous 2 weeks…
It is not unheard of in leasehold conveyancing in Yeovil to discover Conveyancing in Yeovil in a minority of cases reveals that the lease obliges the leasehold owners to insure their individual flats rather than the landlord insuring the whole building - which is clearly preferable. You should contact your conveyancing practitioner but it would appear that your conveyancing practitioner is looking to verify that the whole building is insured. Insuring a ground floor flat is no help when it comes to rebuilding after a fire if the other flat cannot be reconstructed for lack of insurance cover.