lenderpanel

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 home move 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

Is it realistic for conveyancing in Okehampton to be done in under two weeks?

In a situation where you are under a tight deadline to complete we would recommend that your solicitor is familiar with the location as they will have local contacts and knowledge. It is even conceivable that they may have conducted previousproperties in the same road. You would be best advised to use a Okehampton conveyancing lawyer. In addition, ensure that the conveyancing firm is on the on the approved list for your mortgage company. It is said that just under twenty per cent of Okehampton conveyancing transactions are delayed or jeopardised after discovering a purchaser’s lawyer was not on their mortgage lender’s panel. In many cases this discovery resulted in the legal transfer of property being delayed by almost three weeks. It is claimed that this issue impacts approximately 100,000 home moves every year. Most Okehampton conveyancing practices can not act for certain mortgage companies so do check at the outset.

We are getting a further advance on our home loan from UBS as we intend to conduct a loft conversion to our house in Okehampton. Do we need to choose a local Okehampton solicitor on the UBS conveyancing panel to handle the legals?

UBS would not normally instruct a member of their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the UBS list.

About to purchase house in Okehampton. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Yorkshire BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Okehampton lawyer is on the Yorkshire BS conveyancing panel.

My sealed bid on a house in Okehampton has been agreed to, but there is a chain. The owners have put an offer on a flat, however it’s not yet tied up, and are looking at other apartments in the pipeline. I have selected a bricks and mortar conveyancing solicitor in Okehampton. What should be my next step? At what stage do I apply for the mortgage with Skipton?

It is usual to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is approx £1k, then valuation, Okehampton conveyancing search costs, etc). The first thing to do is ensure that your conveyancing practitioner is on the Skipton conveyancing panel. Regarding the next stages this very much dictated by the uniqueness of your transaction, attraction to this property and on the state of the market. During a rising market some buyers will apply for the mortgage with Skipton and arrange for the valuation and only if it comes back ok would they request their property lawyer to proceed with searches.

Various internet forums that I have come across warn that are the main reason for delay in Okehampton conveyancing transactions. Is that correct?

The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays during the legal transfer of property. Searches are not likely to be the root cause of holding up conveyancing in Okehampton.

I acquired my home on 1 September and the transaction details is yet to be registered. Any reason for this? My conveyancing solicitor in Okehampton expressed confidence that it will be registered in less than a month. Are titles in Okehampton particularly slow to register?

As far as conveyancing in Okehampton is concerned, registration is no faster or slower than the rest of the country. As opposed to being determined by geographic area, timescales can vary according to the party submitting the application, whether it is in order and whether the Land registry must send notices to any third persons or bodies. As of today roughly three quarters of such applications are fully dealt with within 12 days but some can be subject to longer hold-ups. Historically registration takes place after the purchaser has moved in to the premises so 'speed' is not usually an essential issue but where it is urgent that the the registration takes place urgently then you or your solicitor must speak with the land registry and explain the circumstances.

I have been recommended by two or three local estate agents in Okehampton to choose a conveyancer using your seach tool. What’s the financial inducement for Estate Agents to market your lawyers over another?

We refuse to make any referral fee for sending work our way. We found it would be just too difficult to pay a commission as home movers will think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.

Last updated

Neighbouring Locations

Merton
Devon
Winkleigh
Okehampton

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