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Find a Lyme Regis Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Lyme Regis

I am getting closer to an exchange on a flat in Lyme Regis and my mum and dad have transferred the 10% deposit to my property lawyer. I am now told that as the deposit has been received from someone other than me my solicitor needs to disclose this to my bank. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to hold matters up?

The property lawyer is duty bound to clarify with mortgage company to make sure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.

I'm buying a new build house in Lyme Regis with a loan from Nationwide Building Society. The builders would not budge the price so I negotiated five thousand pounds worth of additionals instead. The property agent told me not inform my lawyer about the side-deal as it could jeopardize my mortgage with the bank. Is this normal?.

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.

Hoping to buy a property located in Lyme Regis and I am already nervous. I couldn't find anything specific about Lyme Regis. Conveyancing will be needed in due course but do you know about the Lyme Regis area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Lyme Regis. In the meantime here are some basic statistics that we found

Can you provide any advice for leasehold conveyancing in Lyme Regis from the perspective of expediting the sale process?

  • A significant proportion of the frustration in leasehold conveyancing in Lyme Regis can be bypassed where you instruct lawyers as soon as you market your property and request that they start to put together the leasehold information which will be required by the buyers’ conveyancers.
  • The majority of freeholders or managing agents in Lyme Regis levy fees for providing management packs for a leasehold property. You or your lawyers should discover the fee that they propose to charge. The management pack can be applied for as soon as you have a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most usual reason for frustration in leasehold conveyancing in Lyme Regis. If you hold a share in a the freehold, you should make sure that you have the original share certificate. Arranging a duplicate share certificate can be a lengthy formality and slows down many a Lyme Regis conveyancing deal. Where a duplicate share certificate is necessary, do contact the company director and secretary or managing agents (where relevant) for this sooner rather than later. In the event that you altered the property did you need the Landlord’s approval? Have you, for example laid down wooden flooring? Lyme Regis leases often stipulate that internal structural alterations or laying down wooden flooring require a licence issued by the Landlord consenting to such works. Should you fail to have the paperwork in place you should not communicate with the landlord without checking with your lawyer in the first instance.

I bought a leasehold flat in Lyme Regis, conveyancing formalities finalised in 2004. How much will my lease extension cost? Comparable flats in Lyme Regis with a long lease are worth £176,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease finishes on 21st October 2104

With only 80 years left to run we estimate the premium for your lease extension to be between £8,600 and £9,800 plus costs.

The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.

Is it the case that all Lyme Regis legal practices on every bank conveyancing panel?

You can use our search tool or you can go into your local bank branch in Lyme Regis. the probability is that they will know some good conveyancing solicitors in Lyme Regis

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