Find a Braunton Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Braunton

Can conveyancing in Braunton to be concluded in under 28 days?

In a situation where you are under pressure for your conveyancing we would recommend that your solicitor is familiar with the location as they will have local contacts and knowledge. It is possible that they could have handled otherproperties in the same neighbourhood. You would be best advised to use a Braunton conveyancing lawyer. Second, double check that the lawyer is on the lender panel. It is claimed that nearly one in five of Braunton conveyancing transactions are delayed or jeopardised after finding out that a purchaser’s lawyer was not on their mortgage lender’s list of approved solicitors. In many cases this discovery resulted in the transaction being delayed by almost three weeks. It is claimed that this issue impacts in the region of one hundred thousand home sales annually. Almost all Braunton conveyancing practices can not act for certain mortgage companies so do check at the outset.

I am purchasing a detached bungalow in Braunton. Our aim is to carry out an extension to the side at the property.Will legal investigations on the property include enquiries to see if these works are prohibited?

Your solicitor will check the deeds as conveyancing in Braunton will sometimes identify restrictions in the title deeds which prevent categories of changes or need the permission of a 3rd party. Some extensions require local authority planning permissions and approval in accordance building regulations. Some areas are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. It would be sensible to check these issues with a surveyor before you commit yourself to a purchase.

I can not work out if my mortgage offer requires a lease extension. I have called my Braunton building society branch on a couple of occasions and was told it does not impact the mortgage offer and they will lend. My Braunton conveyancing solicitor - who is on the lender conveyancing panel- called and was told they would not lend in accordance with their specific requirements. I have no idea who is right.

Provided that the conveyancing practitioner is on the lender approved list, they must comply with the CML Handbook conditions for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.

My offer on a detached house in Braunton has been agreed to, but there is a chain. The vendors have offered on a flat, but it’s not yet agreed to, and have viewings of other properties in the pipeline. I have instructed a high street conveyancing solicitor in Braunton. What do I do now? When should I get the mortgage application with Aldermore started?

It is normal to have concerns where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is approx one thousand pounds, then survey, Braunton conveyancing search costs, etc). The first course of action is to check that your property lawyer is on the Aldermore conveyancing panel. Regarding the subsequent steps this very much dictated by the circumstances of your case, desire for this property and on the state of the market. In a hot market some buyers would apply for a home loan with Aldermore and pay for the valuation and only if it comes back ok would they request their conveyancer to proceed with searches.

What will a local search tell me concerning the house my wife and I buying in Braunton?

Braunton conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search company such as PSG The local search is essential in every Braunton conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your property. The search should provide data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.

I decided to have a survey carried out on a house in Braunton ahead of instructing solicitors. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some lenders tend not issue a loan on such a house.

It varies from the lender to lender. Santander has different requirements for example to Birmingham Midshires. Should you wish to call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Braunton. Conveyancing may be slightly more expensive based on your lender's requirements.

I've found a house that seems to meet my requirements, at a reasonable figure which is making it more attractive. I have subsequently found out that it's a leasehold rather than freehold. I would have thought that there are issues purchasing a house with a leasehold title in Braunton. Conveyancing advisers have not yet been instructed. Will they explain the issues?

The majority of houses in Braunton are freehold rather than leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can help the conveyancing process. it is apparent that you are buying in Braunton so you should seriously consider shopping around for a Braunton conveyancing solicitor and be sure that they have experience in advising on leasehold houses. First you will need to check the number of years remaining. Being a tenant you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example requiring the freeholder’sconsent to carry out changes to the property. It may be necessary to pay a service charge towards the maintenance of the estate where the house is located on an estate. Your conveyancer will advise you fully on all the issues.

Braunton Leasehold Conveyancing - Examples of Queries before Purchasing

    Who manages the block? You will want to discover as much as you can concerning the managing agents as they will either make your life much simpler or much more difficult. Being a leasehold owner you will be at the mercy of the managing agents both financially and when it comes to every day issues like the upkeep of the common parts. Ask other people what they think of their service. Finally, investigate as to the dates that the service charges are due to the appropriate party and precisely what it includes. You should be aware that where the lease has fewer than 80 years it will impact the salability of the apartment. It is worth checking with your lender that they are content with the length of the lease. A short lease means that you will probably need a lease extension sooner rather than later and you need to have some idea of how much this will be. For most Brauntonlease extensions you will be required to have owned the residence for two years in order to be legally able to extend the lease.

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