lenderpanel

Find a Plympton Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Plympton

The Plympton conveyancing solicitors that I recently instructed on my house acquisition in Plympton have suddenly shut down. They were on acting for me because I had to have a firm on the Co-operative conveyancing panel and my family Plympton lawyer was not. I gave my credit card details for them to take £195 for searches. What should be my next steps?

If you have an estate agent involved then inform them straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Co-operative conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to assist.

Is it possible to transfer to a new solicitor as I have to find one who is on the Nottingham Building Society conveyancing list. I had appointed a high street conveyancing solicitor in Plympton five minutes from me but the firm is not accepted by Nottingham Building Society

We will our best to assist in finding you a conveyancing solicitor in Plympton on the Nottingham Building Society panel. Please note that the solicitors that we list do not pay us a referral fee if you instruct them and are registered with the SRA who regulate all conveyancing solicitors in Plympton. In utilising search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Plympton.

I am thinking of appointing a conveyancing lawyer in Plympton for my remortgage. Is there any facility to check a firm’s record with the profession’s regulator?

You can find documented Solicitor Regulator Association (SRA) determinations stemming from investigations commenced on or after Jan 2008. Go to Check a solicitor's record. For details Pre 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, use +44 (0)121 329 6800. The regulator could monitor call for training purposes.

What are your top tips when it comes to finding a Plympton conveyancing practice to deal with our lease extension?

If you are instructing a property lawyer for your lease extension (regardless if they are a Plympton conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you speak with two or three firms including non Plympton conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be useful:

    What are the legal fees for lease extension work? If they are not ALEP accredited then why not?

I own a leasehold flat in Plympton, conveyancing having been completed 10 years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Plympton with a long lease are worth £202,000. The average or mid-range amount of ground rent is £60 per annum. The lease finishes on 21st October 2080

With 56 years unexpired the likely cost is going to range between £29,500 and £34,000 as well as professional fees.

The figure above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.

My son is just in the process of moving home, the home loan was agreed last week in principle. After the offer was accepted on apartment we telephoned the mortgage company to go forward with his. I was very surprised to learn that banks do not accept all conveyancing practitioner, they need to be on their approved list, is this correct?

Lenders tend to imposes restrictions either the type or the number of conveyancing solicitors on their panel. A common example of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that banks have no responsibility for the quality of advice provided by any Plympton solicitor on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Probably not.

Last updated

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