We are purchasing a 3 bedroom apartment in Crediton with a mortgage. We wish to retain our Crediton lawyer, however the mortgage company advise he's not on their "panel". It seems we have no choice but to use one of the bank panel conveyancing practices or keep our Crediton solicitor and pay for one of their panel firms to act for them. We regard this is inequitable; is there anything we can do?

Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Crediton conveyancing solicitor to apply to be on the conveyancing panel.

In what way does my ID and proof of funds have anything to do with my conveyancing in Crediton? Why is this being asked of me?

It is indeed that case that these requests have nothing to do with conveyancing in Crediton. However these days you can not complete any conveyancing deal without first handing over evidence of your identity. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are supplying your driving licence as proof of identification it must be both the paper part and photo card part, one is not satisfactory without the other.

Proof of the origin of funds is mandated under Money Laundering Regulations. Don’t be offended when when this is requested of you as your conveyancing solicitor must retain this information on file. Your Crediton conveyancing solicitor will require evidence of proof of funds before they are able to accept any monies from you into their client account and they may also ask additional queries concerning the source of monies.

Due to the guidance of my in-laws I had a survey completed on a house in Crediton ahead of appointing lawyers. I have been advised that there is a flying freehold element to the property. The surveyor has said that some lenders may refuse to issue a mortgage on such a property.

It varies from the lender to lender. Santander has different requirements from Halifax. If you e-mail us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Crediton. Conveyancing will be smoother if you use a solicitor in Crediton especially if they are acquainted with such properties in Crediton.

Are there any apps to assist me to locate a Crediton law firm on the Barclays conveyancing panel? I have a car and am willing to travel upto 25kilometers to meet the conveyancer.

Feel free to make use of the facility on this website. Please select a bank and your location and you will see a number of Crediton conveyancing lawyers locally. We have detailed some Crediton conveyancing firms towards the end of this page and you can ring them to verify if they are on the Barclays member panel

I am hoping to sign contracts shortly on a ground floor flat in Crediton. Conveyancing solicitors have said that they are sending me a report within the next couple of days. What should I be looking out for?

The report on title for your leasehold conveyancing in Crediton should include some of the following:

What you can do if another leaseholder in the building is in violation of a provision in their lease? You should receive a copy of the lease The length of the lease term. You should receive guidance as what happens when the lease expires, and aware of the importance of the 80 year mark The physical extent of the demise. This could be the property itself but could also include a roof area or basement if relevant.

Leasehold Conveyancing in Crediton - A selection of Queries Prior to buying

How long is the Lease? This question is helpful as a) areas could cause problems in the block as the communal areas may start to deteriorate if services remain unpaid b) if the tenants have a dispute with the running of the building you will want to have all the details For most Crediton leaseholds the cost for major works are not wrapped into the maintenance charges, although some managing agents in Crediton require tenants to pay into a reserve fund created for the specific intention of building a fund for major repairs or maintenance.