What is the first thing I need to know about purchase conveyancing in Glastonbury?
You may not hear this from too many lawyers but conveyancing in Glastonbury or throughout England and Wales is an adversarial experience. Put another way, when it comes to conveyancing there exists plenty of room for friction between you and others involved in the legal transfer of property. For instance, the seller, selling agent and on occasion a lender. Choosing a solicitor for your conveyancing in Glastonbury is a critical decision as your conveyancer is your adviser, and is the ONE party in the transaction whose responsibility is to look after your best interests and to protect you.
There is a distinct ongoing adversarial element to conveyancing- someone must be at fault for the process taking so long. We recommend that you your first instinct should be to trust your conveyancer ahead of all other parties in the conveyancing process.
I have just over seventy years left on my lease and need a lease extension for my apartment in Glastonbury. Conveyancing solicitors on the Platform panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 3/12/2025 the requirements read as follows :
Over the last few months I have been searching for a ground for flat up to £195,000 and identified one close by in Glastonbury I like with a park and transport links nearby, the downside is that it only has 61 years unexpired on the lease. There is not much else in Glastonbury in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you need a mortgage the shortness of the lease will be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
Am I right to be suspicious by brokers that I am dealing with are suggesting an internet conveyancing firm rather than a local Glastonbury conveyancing firm?
As with many service providers, often recommendations from family and friends can be most helpful. But there are many players in a conveyancing deal; estate agents, mortgage brokers and lenders may recommend solicitors to select. On occasion these lawyers might be known to one of the organisations as one of the best in their field, but sometimes there behind the scenes commercial relationship behind the endorsement. You are at liberty to choose your own lawyer. Don't forget that most mortgage providers specify a panel list of solicitors you are obliged to use for the lender related work in your transaction.
Me and my husband have agreed a price on a Glastonbury house we inherited ten years ago in 2012. I have over 12 years conveyancing knowledge and, although retired, intend to carry out the conveyancing. The buyer's property lawyer has informed me that their mortgage company will not allow us to do our own conveyancing as they require the funds to be transferred to a solicitor's bank account.
Mortgage instructions to lawyers from all CML members specify that If the seller does not have legal representation the borrower's lawyers should check whether the bank needs to be informed so that a decision can be made as to whether or not they are willing to move forward.