My house in Lostwithiel is up for sale and I have a purchaser. Will my conveyancing practitioner have to be required to be on the TSB conveyancing panel in order to deal with paying off my mortgage?

Ordinarily, even if your lawyer is not on the TSB conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently at the moment.

Are all Lostwithiel Conveyancing Quality Solicitors on the Yorkshire BS conveyancing list of approved firms?

Some major banks and building societies now make use of CQS as the starting point for Panel membership such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their panels.

I am currently in the process of buying my council flat in Lostwithiel. I have a mortgage offer with Principality. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use 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 Principality, you will need to appoint a solicitor on the Principality conveyancing panel.

It is unclear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Lostwithiel building society branch on a couple of occasions and was told it does not affect the mortgage offer and they will lend. My Lostwithiel conveyancing solicitor - who is on the lender conveyancing panel- called and was told they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.

The conveyancing practitioner must comply with the CML Handbook Part 2 conditions for your bank. 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 left on the lease.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Lostwithiel. 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 conveyancing.

Set out below are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Lostwithiel

Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please confirm the Lease plans are architect prepared.

I'm converting the mortgage on my primary house to a buy to let loan with Virgin Money and intend to use the remaining equity as a deposit on a second property. The location we are interested in is Lostwithiel. Will your conveyancers be able to act for both sets of banks and tie in the transactions?

Make use of our comparison tool on this page to be sure that the conveyancers are on the relevant lender panels. Having checked that they are the solicitor will be able to simultaneously deal with the two transactions but you should talk with you lawyer and specify your desired outcome and needs.

Can a conveyancer remove someone from the title of my home in Lostwithiel ?

Subtracting or adding someone to the title of your property is relatively straightforward. You’ll need to appoint a lawyer to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a property lawyer