lenderpanel

Find a Brixham Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Brixham

Our god-son is about to exchange on a house that has just been built in Brixham with a mortgage from Clydesdale. His conveyancer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?

The form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Clydesdale conveyancing panel as a standard part of the process, and to the valuer when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Clydesdale conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

Please help - my lawyer says that flying freehold insurance is required on my purchase. What is the level of cover for Brixham conveyancing?

The right level of flying freehold indemnity insurance should be dictated by who your lender. It would differ for example between Lloyds TSB Bank and The Mortgage Works. Conveyancing lawyers as opposed to borrowers take out such insurances.

Last month we had a mortgage agreed in principle with RBS. Brixham conveyancing practitioners were instructed. What is the average time that one could expect to receive a mortgage offer from RBS?

There is no definitive answer here. Have RBS conducted the survey? Have you informed RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.

I recently had an offer accepted on an apartment in Brixham. My financial adviser pressured me to appoint their solicitor. I paid an on account payment of £200. Soon after, the lawyer contacted me embarrassingly acknowledging that they were not on the Clydesdale 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 Clydesdale 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.

My wife and I own a semi-detached Georgian property in Brixham. Conveyancing practitioner acted for me and The Royal Bank of Scotland. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold under the matching address. If a house is not a freehold shouldn't I have been informed?

You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Brixham and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with the conveyancing lawyer who conducted the purchase.

My partner has suggested that I instruct his conveyancing solicitors in Brixham. Should I use them?

There are no two ways about it it’s preferable to choose a conveyancing practitioner is to seek referrals from friends or relatives who have previously instructed the firm you're are thinking of instructing.

I work for a long established estate agency in Brixham where we have witnessed a few flat sales derailed as a result of short leases. I have received conflicting advice from local Brixham conveyancing solicitors. Can you clarify whether the vendor of a flat can start the lease extension process for the purchaser on completion of the sale?

Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.

Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

Leasehold Conveyancing in Brixham - Examples of Queries Prior to buying

    Where a Brixham lease has no more than eighty years it will impact the value of the flat. It is worth checking with your lender that they are happy with the length of the lease. A short lease means that you will most likely have to extend the lease at some point and it is worth finding out how much this will be. Remember, in most cases you would need to own the property for 24 months before you are eligible to extend the lease. What is the length of the lease? Be sure to enquire if there is anything that is prohibited in the lease. For instance plenty of leases prohibit pets being permitted in in a block in Brixham. If you love the flatin Brixham yet your cat can’t make the move with you then you have a very hard determination.

Last updated

Neighbouring Locations

Newton Abbot
Paignton
Babbacombe
Teignmouth
Torquay
Brixham
Dartmouth

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