lenderpanel

Find a Buckfastleigh Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Buckfastleigh

I am buying a property in Buckfastleigh. An unusual aspect is that the roof has a solar panel. RBS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?

Given that your lender is RBS your lawyer must comply with the conveyancing requirements outlined in Part 2 of UK Finance Lenders’ Handbook for RBS. The Council of Mortgage Lenders’ Handbook sets out minimum specifications for solar panel roof-space leases, and solicitors are required to report to RBS where a lease does not meet these provisions. The conditions relate to the installation of panels on properties in England and Wales and is not restricted to Buckfastleigh.

I was told four weeks ago that my mortgage has been agreed to by Leeds Building Society. Is it usual for Leeds Building Society to only issue the offer once my solicitor in Buckfastleigh is approved on their conveyancing panel? Leeds Building Society have asked my solicitor to see a copy of their PI Insurance.

A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Leeds Building Society to deal with your lawyer's application to be on the Leeds Building Society conveyancing panel. There's no guarantee that your solicitor will be accepted.

I've digested plenty of house buying guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Buckfastleigh solicitor - who is on the Barclays conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?

Barclays will need an independent valuation of the property. Your lawyer will not arrange this. Usually Barclays will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Buckfastleigh surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.

I require fast conveyancing in Buckfastleigh as I am faced with an ultimatum to exchange contracts in less than one month. A mortgage is not required. Can I avoid the conveyancing searches to save money and time?

As you are not obtaining a home loan you have the choice not to have searches carried out although no law firm would advise that you don't. Drawing on years of experience of conveyancing in Buckfastleigh the following are instances of what can be revealed and therefore impact future saleability: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Road Schemes,...

I got the keys to my flat on 13 February and my personal details are still not on the land registry website. Should I be concerned? My conveyancing solicitor in Buckfastleigh expressed confidence that it will be recorded inside ten days. Are transfers in Buckfastleigh uniquely lengthy to register?

There is nothing unique when it comes to conveyancing in Buckfastleigh registration formalities. Rather than based on location, timeframes can vary depending on the party submitting the application, whether there are errors and if the Land registry need to notify any other parties. At present approximately 80% of submission are fully dealt with in less than three weeks but some can be subject to protracted hold-ups. Historically registration occurs once the purchaser is living at the premises therefore registration formalities is not typically top priority yet if it is urgent that the the registration takes place urgently then you or your conveyancer must contact the land registry and explain the circumstances.

I am buying a new build flat in Buckfastleigh. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Set out below are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Buckfastleigh

    Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? There must be mutual enforceability of lessee’s covenants. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.

I have just started marketing my 2 bed apartment in Buckfastleigh. Conveyancing has not commenced, however I have recently received a yearly maintenance charge demand – what should I do?

Your conveyancing lawyer is likely to suggest that you should pay the invoice as normal given that all ground rent and service payments should be allotted on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.

Leasehold Conveyancing in Buckfastleigh - A selection of Queries before Purchasing

    Is there a share of the freehold? If a Buckfastleigh lease has less than 80 years it will have adverse implications on the marketability of the apartment. Check with your bank that they are willing to lend given the lease term. A short lease means that you will probably have to extend the lease at some point and you need to have some idea of how much this will be. For most Buckfastleighlease extensions you would be be obliged to have been the owner of the property for two years in order to be legally able to extend the lease.

Last updated

Neighbouring Locations

Bovey Tracey
Buckfastleigh
Ivybridge
South Brent
Buckfastleigh and Dean
Totnes

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