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Find a Okehampton Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Okehampton

Am I correct in assuming that the fact that my conveyancer in Okehampton is not identified on my bank's solicitor panel that there is a problem with the quality of her work?

That would more than likely be a wrong assumption to make. There are all sorts of perfectly plausible explanations. Just recently a report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should contact the Okehampton conveyancing firm and ask them why they are no longer on the approved list for your lender.

I am acquiring a brand new apartment in Okehampton and my conveyancer is advising me that she has to the lender to reveal incentives from the builder. The Estate Agents are hassling me to exchange and I don't want to delay matters. Is my lawyer right?

You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.

My Conveyancer in Okehampton is not listed on the Bank of Ireland Conveyancing Panel. Can I still use my prefered solicitor notwithstanding that they are excluded from the Bank of Ireland list of approved lawyers?

Your options are as follows:

  1. Complete the purchase with your preferred Okehampton solicitors but Bank of Ireland will need to retain a solicitor on their list of acceptable firms. This will inevitably rack up the overall conveyancing fees and cause frustration.
  2. Get a new practitioner to to deal with the purchase, obviously checking they are Bank of Ireland approved.
  3. Try to convince your Bank of Ireland solicitor to attempt to join the Bank of Ireland panel

My wife and I have a renovated Edwardian house in Okehampton. Conveyancing practitioner acted for me and Bank of Scotland. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold under the exact same property. I'd like to know for sure, how can I find out??

You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Okehampton and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with your conveyancing practitioner who carried out the work.

I have just appointed agents to market my ground floor flat in Okehampton. Conveyancing solicitors are to be appointed soon, however I have just had a quarterly maintenance charge invoice – should I leave it to the buyer to sort out?

It best that you pay the maintenance contribution as normal because all ground rent and maintenance payments should be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.

I invested in buying a studio flat in Okehampton, conveyancing was carried out half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding properties in Okehampton with an extended lease are worth £185,000. The average or mid-range amount of ground rent is £65 per annum. The lease finishes on 21st October 2084

With 60 years left to run the likely cost is going to be between £20,000 and £23,000 as well as professional fees.

The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.

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Neighbouring Locations

Merton
Devon
Winkleigh
Okehampton

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