My IFA requires my Tiverton lawyer’ panel reference for the Nat West conveyancing panel. Can you suggest how I find this out. I have called my local Tiverton office but they have not got back to me yet.

Have you tried calling your Tiverton lawyer about this?. They retain a central record lender panel numbers.

I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Tiverton is where the house is located. Is there any advice you can give?

Flying freeholds in Tiverton are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Tiverton you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Tiverton may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

How straightforward is it to use the search tool to choose a conveyancing solicitor in Tiverton on the approved list for my bank?

Step one is to pick a mortgage company such as National Westminster Bank, Bank of Scotland or Godiva Mortgages Ltd then type in your location e.g. Tiverton. Conveyancing practices in Tiverton and further afield should be shown.

In relation to leasehold conveyancing in Tiverton what are the most frequent lease problems?

There is nothing unique about leasehold conveyancing in Tiverton. All leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain clauses are wrong. For example, if your lease is missing any of the following, it could be defective:

Service charge per centages that don't add up correctly leaving a shortfall A duty to insure the building

A defective lease can cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. HSBC Bank, Norwich and Peterborough Building Society, and Clydesdale all have express conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to grant the mortgage, forcing the buyer to pull out.

I bought a leasehold flat in Tiverton, conveyancing having been completed half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Tiverton with over 90 years remaining are worth £207,000. The ground rent is £60 per annum. The lease finishes on 21st October 2081

With 57 years left to run we estimate the premium for your lease extension to span between £28,500 and £33,000 as well as professional fees.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.

My wife and I accepted an offer on a Tiverton property we inherited 8 years ago in 2012. I have over 12 years conveyancing experience and, although retired, intend to undertake the conveyancing. The purchaser's solicitor has informed me that their bank will not allow us to do our own conveyancing requiring the funds to be passed via a solicitor's bank account.

Lending requirements to conveyancing practitioners from all CML members state that If the seller is not legally represented the buyer’s lawyers should check whether the lender needs to be told so that a decision can be made as to whether they are prepared to progress.