Find a Plymouth Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Plymouth

Why do I have to pay up front for my conveyancing in Plymouth?

If you are buying a property in Plymouth your lawyer will ask you place them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. If any down payment is as part of the total price then this should be asked for immediately in advance of contracts are exchanged. The final balance that is needed should be sent to your lawyer shortly before completion.

Do I select a Licenced Conveyancer or Solicitor for conveyancing in Plymouth?

There are many registered licenced Conveyancers in Plymouth and Solicitor partnerships in Plymouth to choose from It is important to make clear that the two are supervised by regulatory bodies with both specialising in the legal aspects of the home buying process. They may both also conduct other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.

We have a mortgage agreed in principle with Co-operative. Plymouth conveyancing practitioners are chosen. What is the average time that one could expect to receive a mortgage offer from Co-operative?

Some lenders take longer than others. Have Co-operative conducted the valuation? Have you informed Co-operative as to your lawyers' details and checked that your lawyers are on the Co-operative conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.

It is not clear 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 Plymouth bank branch on various occasions and was advised it wasn't a problem and they would lend. My Plymouth conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they will not lend in accordance with their specific requirements. I simply don't know who is right.

Your conveyancer must comply with the CML Handbook section two provisions 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 bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.

Will our lawyer be asking questions about flooding during the conveyancing in Plymouth.

The risk of flooding is if increasing concern for lawyers dealing with homes in Plymouth. There are those who acquire a house in Plymouth, fully expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a house is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or dispose of the property. There are steps that can be taken during the course of a house purchase to forewarn the buyer.

Conveyancers are not best placed to offer advice on flood risk, however there are a numerous searches that can be carried out by the buyer or by their conveyancers which will give them a better appreciation of the risks in Plymouth. The conventional set of completed inquiry forms given to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) incorporates a standard question of the seller to find out if the premises has suffered from flooding. If flooding has previously occurred which is not revealed by the vendor, then a purchaser could issue a compensation claim stemming from an inaccurate reply. A purchaser’s lawyers may also conduct an environmental report. This should higlight if there is any known flood risk. If so, further investigations will need to be initiated.

Are there restrictive covenants that are commonly identified as part of conveyancing in Plymouth?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Plymouth. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

What does commercial conveyancing in Plymouth cover?

Plymouth conveyancing for business premises covers a wide range of advice, given by qualified solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.

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