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Find a Budleigh Salterton Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Budleigh Salterton

My fiance and I are refinancing our penthouse in Budleigh Salterton with Virgin Money. We have a son approaching twenty who lives at home. Our solicitor requested us to identify any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the flat is forfeited by the lender. I have a couple of concerns (1) Is this form unique to the Virgin Money conveyancing panel as he did not need to sign this form when we purchased 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?

First, rest assured that your Virgin Money conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Virgin Money. This is solely used to protect Virgin Money if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Virgin Money had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

We had selected solicitors based in Budleigh Salterton on the Clydesdale solicitor panel. They are now charging me a supplemental amount for handling the Clydesdale mortgage. Is this an additional conveyancing fee set by Clydesdale?

Unfortunately, as long as it is in their Terms and Conditions or estimate then yes your conveyancer may levy a fee for this. This fee is not dictated by Clydesdale but by your Budleigh Salterton property lawyer. Numerous firms on the Clydesdale panel will levy an ‘acting for lender’ fee and others do not.

We were going to get a AIP from TSB this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do TSB recommend any Budleigh Salterton solicitors on the TSB conveyancing panel, or is it better to go independently?

You will need to appoint Budleigh Salterton solicitors independently although you'll need to choose one on the TSB conveyancing panel. The solicitor represents both you and TSB through the process.

My offer was accepted on a house in Budleigh Salterton on 1/8/2022, valuation was booked 3 days later, all came back fine. Solicitor retained, so all that was missing was my mortgage offer. Having made daily calls to Clydesdale and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Clydesdale conveyancing panel. Can the lender hold off the offer?

Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Clydesdale to deal with your lawyer's application to be on the Clydesdale conveyancing panel. There's no guarantee that your solicitor will be accepted.

How does conveyancing in Budleigh Salterton differ for newly converted properties?

Most buyers of new build premises in Budleigh Salterton contact us having been asked by the seller to sign contracts and commit to the purchase even before the house is built. This is because builders in Budleigh Salterton typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Budleigh Salterton or who has acted in the same development.

Over the last few months I have been searching for a ground for flat up to £245,000 and identified one round the corner in Budleigh Salterton I like with amenity areas and railway links in the vicinity, however it only has 51 remaining years left on the lease. There is not much else in Budleigh Salterton suitable, so just wondered if I would be making a grave error buying a lease with such few years left?

If you require a home loan the remaining unexpired lease term may be an issue. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.

My uncle has recommend that I appoint his conveyancers in Budleigh Salterton. Should I choose my own property lawyer?

There are no two ways about it the ideal way to choose a conveyancing practitioner is to get guidance from friends or family who have actually used the firm that you are considering.

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Neighbouring Locations

Woodbury
Broadclyst
Ottery St Mary
Whimple
Honiton
Sidmouth
Dawlish
Exmouth
Topsham
Budleigh Salterton

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