At what point will exchange of contracts happen for residential conveyancing in Templecombe and am I required to attend the solicitors office?

If you are round the corner to one of the conveyancing solicitors in Templecombe you are welcome to attend to sign documents. That being said, the firms we work with provide countrywide coverage for conveyancing and provide as equally comprehensive and professional a job for you when communicating with you electronically. The executing of the contract is not the point of no return. A signed contract simply enables the firm to officially exchange when the time is right, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Templecombe)to be in the office available at the end of the phone to exchange contracts.

Is it the case that all Templecombe solicitor practices on the Yorkshire BS conveyancing panel are overseen by the SRA?

As a firm of solicitors, in order to be on the Yorkshire BS conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. Some lenders do list licenced conveyancers on their panel in which case such practice would be regulated by the Council of Licensed Conveyancers.

We expect to receive a DIP from Nationwide this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Nationwide recommend any Templecombe solicitors on the Nationwide conveyancing panel, or is it better to go independently?

You will need to appoint Templecombe solicitors independently although you'll need to choose one on the Nationwide conveyancing panel. The solicitor represents both you and Nationwide through the process.

My sealed bid on a semi in Templecombe has been agreed to, the sellers do however have a dependent purchase. The sellers have offered on on an apartment, however it’s not been accepted yet, and have viewings of other apartments in the pipeline. I have instructed a high street conveyancing solicitor in Templecombe. What do I do now? At what stage do I apply for the mortgage with Aldermore?

It is usual to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is approx one thousand pounds, then valuation, Templecombe conveyancing search costs, etc). The first course of action is to ensure that your solicitor is on the Aldermore conveyancing panel. Regarding the subsequent stages this very much dictated by the circumstances of your transaction, motivation for the property and on the state of the market. During a rising market some buyers will apply for the mortgage with Aldermore and pay for the valuation and only if it comes back ok would they request their lawyer to move forward with searches.

I have recentlydiscovered that Action Conveyancing have closed. They conducted my conveyancing in Templecombe for a purchase of a leasehold apartment 12 months ago. How can I be sure that my home is registered correctly in the name of the former proprietor?

The quickest way to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Templecombe conveyancing specialists.

About to purchase a new build apartment in Templecombe. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Set out below is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Templecombe

Please provide evidence that the form of Lease proposed has been approved by the Land Registry. There must be mutual enforceability of lessee’s covenants. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.

My partner and I may need to sub-let our Templecombe ground floor flat for a while due to a new job. We instructed a Templecombe conveyancing firm in 2004 but they have since shut and we did not have the foresight to seek any advice as to whether the lease allows us to sublet. How do we find out?

Notwithstanding that your last Templecombe conveyancing solicitor is no longer around you can review your lease to see if it allows you to sublet the property. The accepted inference is that if the deeds are non-specific, subletting is allowed. Quite often there is a prerequisite that you are obliged to obtain consent from your landlord or other appropriate person prior to subletting. This means you not allowed to sublet without prior permission. Such consent must not not be unreasonably withheld. If your lease does not allow you to sublet you will need to ask your landlord if they are willing to waive this restriction.

Templecombe Conveyancing for Leasehold Flats - A selection of Questions you should consider before buying

It would be wise to discover as much as possible about the company managing the block as they will impact your use and enjoyment of the property. As the owner of a leasehold property you will be at the mercy of the managing agents both financially and when it comes to practical matters such as the tidiness of the communal areas. Ask other people if they are happy with their management. On a final note, find out the dates that the service charges are due to the managing agents and precisely what it includes. Where a Templecombe lease has no more than eighty years it will have adverse implications on the salability of the apartment. Check with your bank that they are happy with remaining years on the lease. A short lease means that you will almost definitely have to extend the lease sooner rather than later and it is worth discovering what this would cost. Remember, in most cases you will need to own the residence for a couple of years in order to be legally able to carry out a lease extension. The answer will be important as a) areas can result in problems in the block as the communal areas may start to deteriorate if repairs are not paid for b) if the leaseholders have an issue with the running of the building you will need to know about it