How up to date is your search tool for Somerton conveyancing solicitors on the Aldermore conveyancing panel? Do Aldermore send you an updated list?

Somerton conveyancing firms themselves provide us confirmation that they are on the Aldermore conveyancing panel as opposed to being supplied with a list from Aldermore directly.

My flat in Somerton is up for sale and I have accepted an offer. Will the lawyer have to be on the Co-operative conveyancing panel in order to deal with repayment of my mortgage?

Ordinarily, even if your lawyer is not on the Co-operative conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.

I have a semi-detached Victorian house in Somerton. Conveyancing practitioner acted for me and Bank of Ireland. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, another for leasehold with the exact same property. If a house is not a freehold shouldn't I have been informed?

You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Somerton and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with the conveyancing solicitor who carried out the work.

As co-executor for the estate of my father I am selling a residence in Cardiff but reside in Somerton. My conveyancer (based 235 kilometers from mehas requested that I sign a statutory declaration prior to completion. Can you recommend a conveyancing lawyer in Somerton who can attest and place their company stamp on the document?

Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will be fine regardless of whether they are based in Somerton

When it comes to leasehold conveyancing in Somerton what are the most common lease problems?

Leasehold conveyancing in Somerton is not unique. All leases are unique and legal mistakes in the legal wording can result in certain provisions are wrong. The following missing provisions could result in a defective lease:

Service charge per centages that don't add up correctly leaving a shortfall

You could have difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Nationwide Building Society, Skipton Building Society, and Platform Home Loans Ltd all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to grant the mortgage, forcing the purchaser to withdraw.

I invested in buying a split level flat in Somerton, conveyancing having been completed 5 years ago. How much will my lease extension cost? Corresponding flats in Somerton with a long lease are worth £181,000. The ground rent is £55 levied per year. The lease ends on 21st October 2075

With 50 years remaining on your lease we estimate the price of your lease extension to span between £31,400 and £36,200 plus costs.

The figure above a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.