lenderpanel

Find a Lynmouth Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Lynmouth

My husband and I are planning to acquire a home in Lynmouth and are in fact using a Lynmouth conveyancing practice. Within the last couple of days our property lawyer has sent a preliminary report and documents to look through with the expectation that exchange is imminent. Britannia have this evening contacted us to inform me that they have now hit a problem as our Lynmouth conveyancer is not on their conveyancing panel. What do we do from here?

When purchasing a property with the benefit of a mortgage it is normal for the purchasers' lawyers to also act for the mortgage company. 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 Quality Scheme. Your solicitor should contact your lender 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 are not legally obliged to appoint a law firm on the lender’s conveyancing panel and you may continue to use your own Lynmouth solicitors, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.

I am buying a property mortgage free in Lynmouth. I have been living for the last dozen years in Lynmouth. Conveyancing searches are exorbitant. As I have knowledge of the area and road very well must I have all the conveyancing searches?

In the absence of a home loan, then the vast majority of the Lynmouth conveyancing searches are non-obligatory. Your conveyancer will ’encourage you, no-doubt strongly, that you should have searches done, but he is duty bound to take that path of advice. One thing to bear in mind; if you are intend to dispose of the house at a future date, it will likely be be of relevance to your prospective purchaser what the searches reveal. There are plenty of instances where houses with no practical issues can still throw up unexpected search results. A good conveyancing solicitor in Lynmouth should be able to give you some sensible guidance concerning this.

We are buying a flat and need a conveyancing solicitor in Lynmouth who is on the Clydesdale conveyancing panel. Can you recommend a local conveyancing firm?

Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Clydesdale . We don't recommend any particular firms conducting conveyancing in Lynmouth.

I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a quick, no chain conveyancing. Lynmouth is where the house is located. Is there any advice you can give?

Flying freeholds in Lynmouth are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Lynmouth you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lynmouth may decide 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 property.

Why is it not possible to complete my conveyancing in Lynmouth on a bank holiday?

This is due to the fact that on completion the sale price will pass between the banks of the buyer and seller's solicitor and currently this can only take place on a business day. It is not possible to complete on a weekend either.

Last updated

Neighbouring Locations

Lynmouth
Lynton

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