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Find a Crediton Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Crediton

I am due to exchange buying a house in Crediton but as a result of damage from some water damage at the property I have managed to agree compensation from the owner in the sum of £2k in the form of a reduction in the price. This was going to be addressed as part of amending the contract but Leeds Building Society are not allowing this. Should they have been notified?

Your property lawyer that is on a Leeds Building Society approved list is required to advise Leeds Building Society of any amendments to the purchase price. If you were to refuse your lawyer to notify the price change to Leeds Building Society then they would have to discontinue acting for you. In addition, Leeds Building Society and you would have to appoint a new conveyancer for your conveyancing in Crediton.

I had a mortgage agreed in principle with Kent Reliance. Crediton conveyancing lawyers are appointed. What is the average time that one could expect to receive a mortgage offer from Kent Reliance?

Some lenders take longer than others. Have Kent Reliance completed the valuation? Have you informed Kent Reliance as to your lawyers' details and checked that your lawyers are on the Kent Reliance conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.

I have decided to exercise my right to buy my property in Crediton off the council. I have a mortgage agreed with Virgin Money. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?

It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Virgin Money, you will need to appoint a solicitor on the Virgin Money conveyancing panel.

I can not fathom if my mortgage offer requires a lease extension. I have called my Crediton bank branch on a couple of occasions and was informed it wasn't an issue and they would lend. My Crediton conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.

As long as the property lawyer is on the mortgage company panel, she or he must follow the Council of Mortgage Lenders’ Handbook specifications for the lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company 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 mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.

My colleague recommended that where I am buying in Crediton I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

A search of this type is occasionally included in the estimate for your Crediton conveyancing searches. It is not a small document of about 40 pages, listing and setting out significant information about Crediton around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Crediton Education with plans and statistics, Local Amenities and other useful data regarding Crediton.

I'm buying my first flat in Crediton with the aid of help to buy. The developers would not move on the price so I negotiated 6k of fixtures and fittings instead. The property agent advised me not inform my lawyer about this extras as it could jeopardize my mortgage with the lender. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Yesterday I discovered that there is a flying freehold issue on a property I have offered on two weeks back in what should have been a quick, no chain conveyancing. Crediton is the location of the property. Can you shed any light on this issue?

Flying freeholds in Crediton are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Crediton you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Crediton may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

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Neighbouring Locations

Crediton
Silverton
Tedburn St Mary
Exeter

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