We were about to retain a conveyancing solicitor in South Petherton and Lambrook endorsed by you but have come across some other costs illustrations on the internet seem cheaper – why is this?

You can find many firms of conveyancing companies marketing theoretically looks to be cut price. We would encourage you to think long and hard as to how important this transaction is to you that you are willing to take 'cheap' risks with regard to the standard of the legal work. Many of them list a cheap quote as a headline but conceal additional charges in the fine print..

My wife and I have recently appointed a conveyancing solicitor in South Petherton and Lambrook. I I am struggling to find out whether they are accepted on the National Westminster Bank approved list of lawyers. Can you assist?

You should contact the solicitor and ask them whether they can act for the bank. Otherwise you can get in touch with National Westminster Bank who may be able to confirm.

Can you point me to a directory of Principality panel solicitors in South Petherton and Lambrook on the UK Finance Lenders’ Handbook Website?

Unfortunately not yet. There is no such directory service on the CML or Building Society Association sites. Very few banks make their panel listings open the public online. If you are looking for a South Petherton and Lambrook property lawyer on the Principality please make the most of our tool.

We are getting the release of further funds on our home loan from Skipton as we want to conduct a loft conversion to our property in South Petherton and Lambrook. Are we obliged to choose a local South Petherton and Lambrook solicitor on the Skipton conveyancing panel to handle the paperwork?

Skipton do not ordinarily appoint firms on their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Skipton conveyancing panel.

We have agreed to purchase a house in South Petherton and Lambrook. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Virgin Money be concerned?

As your lender is Virgin Money your lawyer must check the conveyancing instructions contained in Section two of UK Finance Lenders’ Handbook for Virgin Money. The CML Handbook sets out minimum provisions for solar panel roof-space leases, and conveyancing practitioners are required to report to Virgin Money where a lease does not satisfy these specifications. The specifications relate to the installation of panels on properties in England and Wales and is not restricted to South Petherton and Lambrook.

My father has encouraged me to appoint his conveyancing solicitors in South Petherton and Lambrook. Should I find my own solicitor?

Much as we are happy to recommend a South Petherton and Lambrook conveyancing lawyer the best way to find a conveyancing lawyer is to seek recommendations from friends or relatives who have actually used the firm you're contemplating using.

What are the common defects that you come across in leases for South Petherton and Lambrook properties?

There is nothing unique about leasehold conveyancing in South Petherton and Lambrook. Most leases are drafted differently and drafting errors can sometimes mean that certain clauses are wrong. The following missing provisions could result in a defective lease:

A provision for the recovery of money spent for the benefit of another party. Maintenance charge proportions which don’t add up to the correct percentage

A defective lease can cause problems when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Santander, Coventry Building Society, and TSB all have express requirements 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 provide security, obliging the purchaser to withdraw.

South Petherton and Lambrook Conveyancing for Leasehold Flats - A selection of Queries Prior to Purchasing

Please note that where the lease has less than 80 years it will impact the marketability of the flat. Check with your lender that they are willing to go ahead with the loan given the lease term. Leases with fewer than 80 years remaining means that you will almost definitely have to extend the lease sooner rather than later and you need to have some idea of what this would cost. For most South Petherton and Lambrooklease extensions you will need to own the premises for 24 months in order to be legally able to carry out a lease extension. What restrictions are there in the South Petherton and Lambrook Lease? Is the freehold owned jointly by the tenants?