My apartment in Lyme Regis is up for sale and I have accepted an offer. Will my lawyer have to be required 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 specifications fairly frequently currently.

I recently had an offer accepted on an apartment in Lyme Regis. My financial adviser suggested a lawyer. I paid an advanced payment of £150. A couple of days later, the property lawyer called me sheepishly admitting that they were not on the RBS conveyancing panel. Am I right in thinking that I should be due a refund?

You should be able to recover this from the law firm if they were not on the RBS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

I had an offer accepted on an apartment in Lyme Regis on 25/3/2024, valuation was booked 2 days later, received a clean bill of health. Property lawyer retained, so all that was missing was my mortgage offer. Having made daily calls to Bank of Ireland and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Bank of Ireland conveyancing panel. Can the lender hold off the offer?

Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Bank of Ireland to deal with your lawyer's application to be on the Bank of Ireland conveyancing panel. There's no guarantee that your solicitor will be accepted.

After what seems like an age I have had an offer on an apartment in Lyme Regis agreed to, but there is a chain. The vendors have put an offer on a flat, however it’s not been accepted yet, and are looking at other flats booked. I have instructed a high street conveyancing solicitor in Lyme Regis. What should be my next step? When do I get the mortgage application with Aldermore going?

It is normal to have concerns where there is a chain as you are unlikely to want to incur expenses too early (mortgage application is approx one thousand pounds, then survey, Lyme Regis conveyancing search costs, etc). First, you must check that your solicitor is on the Aldermore conveyancing panel. As to the next phase this very much depends on the specifics of your case, desire for the property and on the state of the market. During a hot market the majority of home buyers would apply for a home loan with Aldermore and arrange for the valuation and only if it comes back ok would they request their solicitor to proceed with the conveyancing in Lyme Regis.

I'm buying my first flat in Lyme Regis benefiting from help to buy. The developers refused to budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative advised me not reveal to my lawyer about this extras as it will impact my loan with the lender. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Hoping to buy a property located in Lyme Regis and I am already nervous. I couldn't find anything specific about Lyme Regis. Conveyancing will be needed in due course but do you know about the Lyme Regis area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Lyme Regis. In the meantime here are some basic statistics that we found

Do you have any advice for leasehold conveyancing in Lyme Regis from the point of view of speeding up the sale process?

• A significant proportion of the frustration in leasehold conveyancing in Lyme Regis can be reduced if you get in touch lawyers the minute your agents start advertising the property and request that they start to collate the leasehold documentation which will be required by the purchasers’ representatives.
You may think that you are aware of the number of years left on your lease but it would be advisable double-check by asking your solicitors. A purchaser's conveyancer will be unlikely to recommend their client to where the lease term is under 80 years. In the circumstances it is important at an early stage that you consider whether the lease term requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale. If you hold a share in a the freehold, you should make sure that you hold the original share document. Obtaining a new share certificate is often a lengthy formality and slows down many a Lyme Regis home move. If a duplicate share certificate is required, you should approach the company director and secretary or managing agents (where applicable) for this at the earliest opportunity. Many landlords or Management Companies in Lyme Regis charge for supplying management packs for a leasehold property. You or your lawyers should discover the actual amount of the charges. The management information sought as soon as you have a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most common reason for frustration in leasehold conveyancing in Lyme Regis.

I invested in buying a 1 bedroom flat in Lyme Regis, conveyancing having been completed October 2004. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Lyme Regis with over 90 years remaining are worth £176,000. The ground rent is £50 yearly. The lease terminates on 21st October 2104

With only 80 years remaining on your lease we estimate the price of your lease extension to span between £8,600 and £9,800 plus legals.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.