lenderpanel

Find a Bovey Tracey Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Bovey Tracey? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Bovey Tracey home move at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Bovey Tracey conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Bovey Tracey

I am hoping to receive a mortgage offer from Nat West. I intend to instruct a Licensed Conveyancer in Bovey Tracey. Does the Nat West Conveyancing panel exclude conveyancers regulated by the CLC?

The Nat West approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.

AssumingI were to buy a simple residential homein Bovey Tracey for cash and have no survey and no local authority searches how much would I expect to have to pay for conveyancing in Bovey Tracey?

The sole reduction in fees you would achieve is the Bovey Tracey conveyancing searches. A conveyancer is obliged to do the vast majority of work - money laundering, communicating with the vendors lawyer, stamp duty submission, register the title etc. You might save a bit for them not needing to register a mortgage but it won't be significant.

Over the last few months I have been searching for a ground for flat up to £195,000 and identified one round the corner in Bovey Tracey I like with amenity areas and railway links in the vicinity, the downside is that it's only got 49 remaining years left on the lease. There is not much else in Bovey Tracey suitable, so just wondered if I would be making a grave error buying a lease with such few years left?

If you need a home loan the shortness of the lease may be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this.

Am I right to be suspicious that third parties that I am dealing with are encouraging me to use a nationwide conveyancing firm rather than a local Bovey Tracey conveyancing practice?

As with many service providers, often referrals from relatives can be most helpful. But there are numerous parties with a vested interest in a conveyancing matter; estate agents, mortgage brokers and lenders might all recommend lawyers to use. Sometimes these solicitors might be known to one of the organisations as experts in their field, but occasionally there is an underlying financial incentive behind the endorsement. You are free to appoint your own lawyer. You need to be aware that the majority of mortgage providers have an approved list of solicitors you must use for the lender aspect of your house move.

I am an executor of my recently deceased mother’s Will, with a property in Bovey Tracey which will be marketed. The house has never been registered at the Land Registry and I'm told that some EAs will insist that it is in place before they will move forward. What's the mechanism for this?

In the circumstances you refer to it seems sensible to apply to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. The Land Registry’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and certified copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.

Last updated

Find out more about how flying freehold can affect your the value of a property.