lenderpanel

Find a Ivybridge Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Ivybridge

The Ivybridge conveyancing lawyers that I recently instructed on my house acquisition in Ivybridge have suddenly closed. They were on acting for me because I had to have a firm on the Aldermore conveyancing panel and my previous Ivybridge lawyer was not. I paid them 275 plus VAT in advance. What are my options?

Assuming that you have an Estate Agent in the equation then inform them immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Aldermore conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to assist.

Are there restrictive covenants that are commonly picked up during conveyancing in Ivybridge?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Ivybridge. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I'm buying a new build house in Ivybridge with the aid of help to buy. The sellers would not move on the price so I negotiated £7000 of additionals instead. The sale representative advised me not to tell my lawyer about the deal as it would impact my loan with the lender. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder 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.

Over the last few months I have been searching for a flat up to £245,000 and found one round the corner in Ivybridge I like with a park and station nearby, the downside is that it only has 49 years on the lease. There is not much else in Ivybridge suitable, so just wondered if I would be making a mistake purchasing a short lease?

Should you need a mortgage the shortness of the lease may be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you could request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.

We are soon to acquiring a apartment in Ivybridge. Conveyancing is not over but we wish to keep the amount we are are buying for confidential from sites such as Nestoria. How do I ensure this is not disclosed?

HM Land Registry by statute are bound to specify price paid data on the official title for domestic properties countrywide including properties in Ivybridge. The register of title is a public document, so HMLR would be breaking the law if they did not grant access to the register.

In essence you can ask HM Land Registry to hide the price paid data but the response will be in the negative.

Last updated

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