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Find a Bridport Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Bridport

Is the fact that my conveyancer in Bridport is not identified on my bank's conveyancing panel that there is a problem with the quality of his conveyancing?

That is more than likely a wrong assumption to make. There are all sorts of perfectly plausible explanations. Just recently a report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) low volume of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should contact the Bridport conveyancing practice and ask them why they are no longer on the approved list for your bank.

My Bridport lawyer has spotted a discrepancy when comparing the surveyor’s assumptions in the home valuation report and what is revealed within the conveyancing documents. My lawyer has advised that he must check that the bank is happy with this discrepancy and is content to go ahead. Is my conveyancer’s approach appropriate?

Your lawyer must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.

A relative advised me that if I am purchasing in Bridport I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?

This is a search is occasionally included in the estimate for your Bridport conveyancing searches. It is not a small document of more than thirty pages, listing and setting out important information about Bridport around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Bridport Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information concerning Bridport.

Given that I will soon spend over three hundred thousand on 3 bedroom house in Bridport I wish to have a conversation with the solicitor regarding theconveyancing prior to giving the go ahead to the firm. Can this be arranged?

Absolutely - we would be pleased to talk to you we do not take any clients on without you speaking to the solicitor who will be conducting your property ownership legalities in Bridport.There is no ‘factory style conveyancing’ - every client is an important person, not a case number. The law firms that we put you in touch with believe that the figure you are provided with for residential conveyancing in Bridport should be the amount on the final invoice that you end up paying.

When it comes to leasehold conveyancing in Bridport what are the most frequent lease defects?

There is nothing unique about leasehold conveyancing in Bridport. Most leases are unique and drafting errors can sometimes mean that certain sections are not included. The following missing provisions could result in a defective lease:

    Repairing obligations to or maintain parts of 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. Nationwide Building Society, The Royal Bank of Scotland, and Alliance & Leicester all have very detailed 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 provide security, obliging the purchaser to pull out.

I acquired a leasehold flat in Bridport, conveyancing formalities finalised half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Bridport with an extended lease are worth £265,000. The ground rent is £50 invoiced every year. The lease ceases on 21st October 2098

With 76 years remaining on your lease we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.

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Neighbouring Locations

Beaminster
Crewkerne
Charmouth
Bridport
Burton Bradstock

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