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Find a Kingsbridge Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Kingsbridge

My wife and I are planning to purchase a property in Kingsbridge and have appointed a Kingsbridge conveyancing practice. Within the past 48 hours our property lawyer has forwarded the sale agreement to be signed with a detailed report with a view to exchanging next week. Virgin Money have this morning contacted us to inform me that there is now an issue as our Kingsbridge conveyancer is not on their approved list of lawyers. Is this a problem?

If you are buying a property needing a mortgage it is usual for the purchasers' solicitors to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the lender’s conveyancing panel and you may continue to use your own Kingsbridge solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.

I used Arc property Solicitors several years past for my conveyancing in Kingsbridge. I now require my papers however cannot find the solicitor. What do I do?

You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Kingsbridge of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

My business partner and I are planning to lease a unit on a shopping parade. Can you recommend conveyancers offering fixed fees for commercial conveyancing in Kingsbridge for under £1,200?

We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in Kingsbridge, including the sale and purchase of businesses as well as simply premises. Whether you are hoping to acquire or dispose of a shop, pub, restaurant, office, retail premises or a whole business we can put you in touch with the right solicitor. Regarding the fees these will vary based on the structure and heads of terms of the proposed transaction. Please provide us with your contact information or email so as to enable us to furnish you with a fixed commercial conveyancing quote.

Can you provide any top tips for leasehold conveyancing in Kingsbridge from the point of view of saving time on the sale process?

  • A significant proportion of the frustration in leasehold conveyancing in Kingsbridge can be avoided if you get in touch lawyers as soon as you market your property and ask them to collate the leasehold documentation which will be required by the purchasers’ lawyers.
  • In the event that you altered the property did you need the Landlord’s approval? Have you, for example laid down wooden flooring? Most leases in Kingsbridge state that internal structural alterations or installing wooden flooring necessitate a licence issued by the Landlord approving such changes. Should you fail to have the consents to hand you should not contact the landlord without checking with your lawyer in advance. Many freeholders or managing agents in Kingsbridge levy fees for providing management packs for a leasehold property. You or your lawyers should enquire as to the fee that they propose to charge. The management pack sought on or before finding a buyer, thus accelerating the process. The typical amount of time it takes to receive management information is three weeks. It is the most usual cause of delay in leasehold conveyancing in Kingsbridge. Some Kingsbridge leases require Licence to Assign from the landlord. If this applies to your lease, it would be prudent to place the estate agents on notice to make sure that the purchasers obtain financial (bank) and professional references. Any bank reference will need to confirm that the buyers are financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their solicitors. You believe that you know the number of years left on your lease but it would be advisable verify this via your conveyancers. A buyer’s lawyer will not be happy to advise their client to where the remaining number of years is below 80 years. It is therefore essential at an as soon as possible that you consider whether the lease term for your property needs extending. If it does, contact your solicitors before you put your property on the market for sale.

Kingsbridge Leasehold Conveyancing - A selection of Questions you should ask Prior to Purchasing

    How much is the ground rent and service charge? The best form of lease structure is a share of the freehold. In this arrangement the leaseholders have being in charge if their destiny and even though a managing agent is often employed where it is larger than a house conversion, the managing agent retained by the leaseholders. This information is useful as a) areas may cause problems in the building as the common areas may begin to deteriorate if repairs are not paid for b) if the leaseholders have an issue with the managing agents you will need to have full disclosure

At last I have had an offer on an maisonette in Kingsbridge agreed to, the seller does nevertheless have a dependent purchase. The current proprietors have submitted an offer on a flat, however it’s not yet agreed to, and are looking at other properties booked. I have instructed a local conveyancing lawyer in Kingsbridge. What do I do now? When do I get the mortgage application with TSB going with TSB?

It is usual to have apprehensions where there is an associated chain given your reluctance to be too out of pocket prematurely (mortgage application is in the region of £1k, then valuation, Kingsbridge conveyancing search fees, etc). First, you should ensure that your solicitor is on the TSB approved list. As to the subsequent stages this very much depends on the uniqueness of your transaction, desire for this property and on the state of the market. In a buoyant market the majority of buyers will apply for a home loan with TSB and pay for the valuation and only if it was satisfactory would they pay their lawyer to press on with searches.

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Neighbouring Locations

Ivybridge
South Brent
Totnes
Kingsbridge
Salcombe

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